Senior Actuarial Product Development Lead
3 days ago
We are seeking a highly skilled Senior Actuarial Product Development Lead to join our team at Arch Capital Group. As a key member of our actuarial team, you will be responsible for leading a team of actuaries to support product development for our business units.
Key Responsibilities- Lead a team of actuaries to prepare actuarial support for rate and rule filings, including indication analysis, impact calculations, competitor research, and state-specific exhibits.
- Serve as a lead representative collaborating with other actuarial leaders and cross-functional business partners on product development initiatives for our business units.
- Develop various tools for impact and indication analyses to improve automation, efficiency, and quality; research and improve analytical soundness and data sources.
- Coordinate and assist in the response to state rate filing objections and help negotiate approvals.
- Monitor and initiate bureau filings for rate and rule adoptions; review and interpret insurance regulations, bulletins, and publications to help determine rate impact and compliance risks for our business units.
We highly value actuaries and actuarial expertise. Many of our senior executives and business unit leaders are actuaries by training. We offer a flat structure, where you will have the opportunity to present to our CEO and other executive management, and your insights will make a difference.
Key Evaluation Criteria- 4-8 years of experience and four or more exams.
- P&C Actuarial qualifications: actuaries and non-actuaries are welcome.
- Leadership: Strong project management and supervisory experience preferred.
- Efficiency, productivity, and organizational skills, including the ability to manage a small team.
- Experience: knowledge of P&C Insurance products and filings in admitted lines, and engaging with DOIs.
- Analytical and quantitative skills: theoretical foundation, work quality, creativity, and ingenuity.
- Superior communication skills are important for partnering with cross-functional business partners.
- Software skills: Excel, Word, PowerPoint; database and programming skills preferred.
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