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Arch Insurance Group Inc. · 1 day ago

Senior Actuarial Analyst, Reserving & Loss Analytics – Middle Market

Hartford, CT United States of America

Full-time

Hybrid

Mid, Senior Level

$100K/yr - $150K/yr

5+ years exp

Arch Insurance Group Inc. is a specialty insurer focused on talent-intensive businesses, prioritizing underwriting expertise and innovation. They are seeking a motivated actuarial candidate to join their reserving and loss analytics team, responsible for overseeing the Middle Market Business Divisions and engaging in reserving-related tasks, claim analytics, and financial reporting.

FinanceFinancial ServicesInsurance

H1B Sponsor Likely

Responsibilities

Assist with the Arch Quarterly Reserving process (i.e. Arch reserve analyses and reports, including discussions with claims, underwriters, finance, senior management, and outside consultants and auditors)

Assist with and/or lead the development of new reserving techniques, as well as new ways to access and examine the data while leveraging external and internal information, and helping improve and expand visuals to support findings and provide insight to senior management

Partner with IT and Enterprise Data teams to bring efficiencies to and modernize our current data processes as well as enhance analytical capabilities

Assist with and/or lead quarterly in-depth analysis for several business divisions, the discussions around assumptions and uncertainty, including presentation to executives, development of ongoing forecast process together with input on trend and plan projections

Collaborate closely with business division leaders, pricing actuarial, and claims to identify loss trends and emerging issues that could impact results and assist in developing proposals for corrective action in a timely manner

Assist in developing a discussion supporting the quarterly result and the drivers behind it

Assist with developing tools, metrics, dashboards to inform and support the quarterly results and drivers behind it

Assist with GAAP and SAP Financial Reporting (e.g. actuarial opinions, actuarial reports, statutory statements, and 10-Q/K reporting)

Assist with Quarterly Underwriting Year, NPV, and ROE analyses as needed

Qualification

Reserving experienceSQLRPythonACASFinancial reportingAnalytical skillsCommunication skillsTeam collaborationCritical thinkingDetail-oriented

Required

Prior experience in a corporate or business unit reserving function required

Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbal and in writing

Demonstrated programming skills (such as SQL, R or Python) required

Ability to lead projects and get work done in collaboration with others

Ability to establish and build effective relationships within the organization

A direct and transparent communicator. Knows how and when to keep others informed. Courage to have open and difficult discussions

A critical thinker who will challenge others in a respectful manner and will be open to being challenged

An individual who is a quick self-study and has the ability to multi-task

A detail-oriented person who can be committed to both quality as well as accuracy

Strong technical programming skills - such as SQL, R, Python or similar required

Preferred

Additional experience in pricing or reserving for Commercial Professional and/or Financial lines - Executive Assurance, Professional Liability, Healthcare, or Surety is strongly preferred

Experience presenting results / findings to senior management a plus

Working knowledge of industry data sources (ISO, NCCI, RAA, SAA), with an acute understanding of the strengths and weaknesses of the various industry and peer competitor data emanating from the various data collection and aggregation procedures employed by the various bureaus is a plus

An understanding and appreciation of the peaks and valleys in the work flow required of a dynamic reserving and loss analytics function that combines both corporate reserving responsibility as well as insight driven reserving studies

ACAS preferred (will consider non-ACAS with strong prior experience)

5+ years of experience

Reserving experience is strongly preferred

Benefits

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

Short and Long-Term Disability

Paid Parental Leave of up to 10 weeks

Student Loan Assistance and Tuition Reimbursement

Backup Child and Elder Care

Company

Arch Insurance Group Inc.

Arch Insurance Group Inc., a division of Arch Capital Group Ltd. (ACGL), is a market-leading specialty insurer.

Founded in 2002

Jersey City, New Jersey, USA

1001-5000 employees

https://insurance.archgroup.com

H1B Sponsorship

Arch Insurance Group Inc. has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (18)

2024 (18)

2023 (10)

2022 (10)

2021 (8)

2020 (3)