Arch Capital Group Ltd.

Actuarial Analyst (Mid Shift)

Arch Capital Group Ltd.  •  Republic of the Philippines (Onsite)  •  49 minutes ago
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Job Description

AGSI was incorporated in April 2016. We are committed to supporting the goals of Arch divisions through exceptional service delivery. We pride ourselves on maintaining flexibility and responsiveness to adapt to business unit and industry demands while focusing on sound project management. We are dedicated to growing and developing our employees as we build strong teams with strategic leadership.

Arch Insurance Group is seeking a motivated aspiring actuary to join our team. Our group supports P&C Programs, MidCorp Programs and Entertainment. The business units provide highly specialized and tailored insurance products in Commercial Auto, General Liability, Property, Workers Compensation and Excess Umbrella.

The role includes portfolio profitability reviews, large account pricing, actuarial parameter studies, building actuarial/underwriting tools as well as monitoring and reporting on strategy executions, emerging trends and leading indicators. This position will require strong database and programming skills, curiosity, quick learning, problem solving, as well as strategic business thinking.

This position is an excellent opportunity for a new actuarial candidate looking for intellectual and professional challenges, learning actuarial skills and understanding various products in P&C insurance.

The position provides a competitive compensation package, good benefits, and a superb study program in a supportive, collaborative, and innovative culture that highly values actuarial insight. Many of our C-suite, senior management and business unit leaders are credentialed actuaries.

Responsibilities:

The primary role will be to provide actuarial support to the P&C Programs Insurance Business Unit. This division highly values actuarial support, in both quantitative & qualitative capacities. The actuarial assistant will have the opportunity to lead as a liaison representing the actuarial team with business partners.

Job Functions

  • Profitability Reviews/New Submission Analyses
    • Review products by applying actuarial concepts and techniques to determine portfolio profitability; analyzing and digging into detailed segmentations
  • Monitor and Reporting
    • Monitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to help Program Managers make informed decisions
  • Actuarial Studies
    • Analyses and research to improve pricing parameters and segmentation to better identify profitable opportunities
  • Tool Building
    • Designing, programming, maintaining, and supporting tools used in pricing, and book monitoring
  • New Product Support/Rate Plan Improvement
    • Collaborate with Underwriters to create and revise rating plans; develop state specific support for insurance departments

Qualifications

  • Software skills: Proficient in SQL, Excel/Word/ PowerPoint and experience w. Python preferred.
  • Communication: both oral and written communication including presentations and marketing
  • Leadership: Able to lead discussion with cross-functional team.
  • Collaboration: Able to effectively collaborate with cross-functional business partners
  • Efficiency: Strong productivity and organizational skills. Ability to deliver high quality work product in an efficient manner.
  • Project Management: Strong project management
  • Analytical and quantitative skills: theoretical and analytical problem-solver with creativity
  • Demonstrated interest in actuarial science and insurance; no experience required.
  • Interest in and ability to complete the actuarial exams and achieve professional property & casualty actuarial credentials.

Additional Information

  • 1-2 years worked experience
  • Bachelor’s degree with a concentration in a quantitative discipline such as actuarial science, statistics, computer science, mathematics, economics, or operations research
Arch Capital Group Ltd.

About Arch Capital Group Ltd.

Arch is a leading global insurer with operations in more than a dozen countries. We write insurance, reinsurance and mortgage insurance on a worldwide basis, with corporate headquarters in Bermuda.

Our customers value us as an innovative partner and dependable risk manager with decades of fresh ideas and solid results. Since our formation in 2001, Arch has grown organically, by building capacity in diverse lines of insurance, and through targeted acquisitions of businesses that enhance our offerings and fit our culture.

We see our employees as our greatest asset and we’re deeply committed to doing what’s right for our people and the communities where we live and work. That’s why we offer what matters to our expanding, diversifying team — from a collaborative and creative environment, to professional growth opportunities and forums to advocate for one another and spark change.

As a corporation, we support initiatives to improve housing, education and equity around the world. At the same time, we encourage our employees to give to the causes that matter to them by providing Volunteer Time Off and Matching Gifts programs.

Whether you’re looking for an insurance solution, a place to grow your career or simply to better understand what we offer our shareholders, we’re glad you’re here.

ATTENTION JOB SEEKERS

Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously.

If you receive a communication or email, please be vigilant to fraudulent activity asking you to submit any personal information. DO NOT send money or share any details with someone suggesting they can provide employment with Arch. Your information should only be entered into our official job portal.

Please know the following about our interviewing and hiring practices:

We never make job offers without a formal interview process. We never ask you to send money of any kind.

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
Bermuda (Pembroke, BM
Year Founded
Unknown
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