What are the responsibilities and job description for the Actuarial Analyst position at Arch Capital Group Ltd.?
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Position Summary
The Actuarial Analyst provides analytical and developmental support to
Actuarial management and other departments in the areas of loss reserving, pricing, forecasting and statutory reporting. The incumbent performs a variety of tasks that require strong quantitative skills, problem solving ability, analytical programming and knowledge and experience in actuarial science.
Responsibilities and Accountabilities
- Supports Loss Reserving and Statutory Reporting functions. Performs reserve analyses and/or reserve reporting for multiple business segments, including assumed and ceded loss reserves.
- Creates monthly and quarterly reserve reports for management and assists in the presentation of these reports.
- Translates forecasting model output into data suitable for reporting and analysis. Assists in the quarterly analysis of Arch’s Realistic Disaster Scenario forecast.
- Produces periodic reports monitoring the accuracy, stability and sensitivity of company forecasting and reserving models. Communicates results to model developers and management.
- 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.
- Develops checking procedures to determine data accuracy and maintains accurate records of work product.
- Seeks to increase automation and efficiency of reserving and/or forecasting tools and reporting.
- Helps identify and develop creative ways to analyze reserves.
- Supports transition to the next generation of forecasting and/or reserving models.
Required Skills and Abilities
- Basic knowledge of the practices and procedures of actuarial science.
- Advanced analytical programming skills (e.g.. SAS, SQL, Python)
- Robust mathematical skills, highly proficient in probability and statistical analysis.
- Excellent 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.
Education & Experience
Required knowledge and skills would typically be acquired through a Bachelor's degree with completion of at least 2 Actuarial exams, and 0-2 years of job-related experience. Experience with an actuarial internship preferred.
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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. Click
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to learn more on available benefits.
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