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Arch U.S. MI Services Inc
Greensboro, NC | Other
$62k-77k (estimate)
1 Month Ago
Actuarial Analyst
$62k-77k (estimate)
Other 1 Month Ago
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Arch U.S. MI Services Inc is Hiring an Actuarial Analyst Near Greensboro, NC

The Position

The Actuarial Analyst provides analytical and developmental support to Actuarial management and other departments in the areas of loss reserving, forecasting and statutory reporting. The incumbent performs a variety of tasks that require strong quantitative skills, problem solving ability and knowledge and experience in actuarial science.

Arch MI is a growing mortgage insurance company with a strong and global parent – Arch Capital Group Ltd. If you’re interested in joining a dynamic company and working with a team of motivated, high caliber people, apply today and come grow with us!

Job Responsibilities

  • Supports Loss Reserving and Statutory Reporting functions. Performs reserve analyses and/or reserve reporting for multiple business segments, including assumed and ceded loss reserves.
  • Assists in the quarterly analysis of reserve variability, including development of statistical reserve ranges that are communicated to senior management.
  • Creates monthly and quarterly reserve reports for management and assists in the presentation of these reports.
  • Support technical and data initiatives to improve the reserving process.
  • Produces periodic reports monitoring the accuracy, stability and sensitivity of company reserving models. Communicates results to model developers and management.
  • Assists in the analysis and quantification of the reserve impact of changes to the claims settlement process (such as the implementation of Fannie Mae’s Claim Factors), utilizing company databases, financial reports, and external data.
  • Develops ad hoc reports and data. Distributes information both internally and externally as needed.
  • Assists in the design, development and updates of new actuarial methodologies and data reporting systems.
  • Analyzes the impact of insurance law and mortgage industry changes.
  • Develops checking procedures to determine data accuracy.
  • Develops and maintains reserving files andaccurate records of reserving assumptions and other related information.
  • Required Skills/Experience

  • In depth knowledge of the practices and procedures of actuarial science.
  • Strong mathematical skills, highly proficient in probability and statistical analysis.
  • Strong interpersonal and communication skills to work effectively with internal and external contacts and to present technical information to senior management.
  • Effective organizational skills with the ability to create, implement and monitor projects of varying difficulty.
  • Strong working knowledge of MS Office (Outlook, Word, Excel, PowerPoint, etc.) required. Advanced proficiency in Excel.
  • Desired Skills/Experience

  • Experience with Python.
  • Working knowledge of SAS, SQL or R.
  • Education

    Education & Experience:

    Required knowledge and skills would typically be acquired through a Bachelor's degree with completion of at least 2 Actuarial exams, and 1--3 years of job-related experience.

    Working Conditions/Environment & Physical Demands:

  • Normal office environment - The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this Job. Reasonable accommodations will be made to enable qualified individuals with disabilities to perform the essential functions of the Job.
  • Attendance/Punctuality – Is consistently at work and on time; Ensures work responsibilities are covered when absent.
  • Hybrid work schedule. 2 days in office and 3 days working remotely.
  • Disclaimer

    Incumbent may be asked to perform other duties as required.

    The Company

    About Our Company

    Arch Mortgage Insurance Company is the flagship U.S.-based mortgage insurer of Arch Capital Group Ltd., a leading insurance and reinsurance company operating through its subsidiaries worldwide. Based in Greensboro, North Carolina, our company is committed to our employees and our customers. Our Total Rewards package offers competitive pay and valuable benefits. Plus you’ll have access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth.

    #LI-AM2

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    Job Summary

    JOB TYPE

    Other

    SALARY

    $62k-77k (estimate)

    POST DATE

    03/07/2023

    EXPIRATION DATE

    05/09/2023

    WEBSITE

    mi.archcapgroup.com

    HEADQUARTERS

    LAFAYETTE, CA

    SIZE

    50 - 100

    FOUNDED

    2014

    CEO

    SHERYL LAWRENCE

    REVENUE

    $50M - $200M

    Show more

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