What are the responsibilities and job description for the Director, Actuarial Pricing position at Arch Capital and Careers?
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The Position
The Director, Actuarial Pricing will assist in pricing and underwriting a book of North American P&C reinsurance. Lines supported will include GL, Auto, Umbrella, WC, Property, and Professional Lines. The individual will be a member of the actuarial team and will assist in coordinating all stages of the pricing and underwriting process. This position requires a thorough knowledge of actuarial modeling techniques as well as being proficient in MS Excel.
Job Responsibilities
- Assess and analyze reinsurance treaties (quota share, excess of loss, aggregate, structured, multi-year and others) with actuarial techniques
- Structure terms and assure profitability of business written
- Contributing to LOB studies and assumption/parameter updates including developing ownership and expertise over a subset of lines that ARC writes
- Develop and enhance pricing tools/models
- Performing underwriting audits of client files
- Report and present work including trend studies, rate monitoring and ad hoc requests from senior management
- Frequent contact with underwriting, claims, and finance departments
Desired Skills/ Experience
- FCAS, ACAS or near completion level or equivalent designation
- 8 years of applicable actuarial experience
- Reinsurance experience a strong plus but not required
- Proficient in MS Excel, and an ability to create pricing tools to support day-to-day underwriting work flow. Programming skills (e.g. Python, R, SQL) a plus
- Ability to organize and prioritize a demanding workload
- Strong interpersonal and communicate on skills and the ability to work with management at a senior level
- Some travel and the ability to work overtime as needed is expected for this position
Education
- College or university degree, preferably with a quantitative major
#LI-LH1
#LI-hybrid
For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.
$210,000 - $260,000/year
- Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
- Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Clickhereto learn more on available benefits.
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to share your preferences directly with Arch’s Talent Acquisition team.Salary : $210,000 - $260,000