VP, Actuarial Pricing - Travel, Warranty and Lenders Solutions

Arch Insurance Group Inc. • Jersey City, NJ

3d • Hybrid

About The Position

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Position Summary: Senior leader overseeing a 6-8 person team supporting some of Arch’s most interesting and complicated products: Travel Insurance, Lender Collateral Protection, Debt Protection, Services Contracts and Consumer Warranties. This position is part of the leadership team and requires unusually strong skills in advanced actuarial theory, data and technology, creativity, business acumen and communication skills.

Requirements

• Vice Presidents generally are FCAS with significant and broad industry experience with demonstrated success.
• Ability to independently turn problems into solutions, and partner with business unit executives.
• Demonstrated success learning and positively impacting specialty insurance products like Travel or Lenders.
• A strong mix of skills in actuarial theory, technology and data, large deal pricing and team leadership.
• Leadership and management: Strong teacher, teammate, project manager, people manager and dept. leader.
• Entrepreneurial skills: building new and innovative underwriting tools and advanced research projects.
• Superior communication skills are important for partnering with underwriters and presenting to business leaders.

Responsibilities

• Pricing large deals: Partner with underwriters to customize structure, coverage, and price.
• Portfolio analysis and segmentation: Assess and monitor performance; report key metrics; identify pockets performing differently among unusually specialized deals; improve actuarial assumptions and techniques.
• Technology and Data: Create actuarial data products to enable efficiency; advanced actuarial analyses including predictive modeling and econometric variables on relatively large and complex data.
• Product Development: Create and optimize complicated insurance products, including design and filing strategy.
• Team leadership: Lead a large and varied team with strong teaching, project management and develop future actuarial leaders.
• Build strong relationships and become a trusted partner to internal and external partners.
• Department leadership: Set a positive example to our department as part of the actuarial senior leadership team.

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 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

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed