Pricing Actuary

Posted:
10/15/2024, 12:29:37 AM

Location(s):
City of Hamilton, Bermuda

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Finance & Banking

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

The Pricing Actuary will assist in pricing both North American and International reinsurance business written by Arch Re’s Bermuda office.  The position will include collaborating on a wide variety of projects and across actuarial functions where possible.  The individual will report directly to the Head of Pricing for Bermuda.  This position requires a thorough knowledge of actuarial pricing and modeling techniques as well as a proficiency in MS Excel and some coding experience.

Job Duties & Responsibilities

  • Performing reinsurance treaty pricing for a wide range of business (Property, Casualty, Professional, Marine)
  • Discussing analyses with underwriters and management
  • Performing industry benchmarking analyses
  • Developing, enhancing, and maintaining actuarial models
  • Contributing to a wide variety of actuarial pricing projects to enhance workflows, capture data, and improve pricing methodologies
  • Performing underwriting audits of client files
  • Collaborating with and assisting the reserving team where possible

Required Skills & Experience

  • College or university degree in mathematics, actuarial science, or similar
  • FCAS, ACAS or near completion level or equivalent designation
  • Minimum 5 years’ experience in property and casualty insurance, consulting and/or reinsurance
  • Proficient in MS Excel and preferable knowledge of Python, SQL, VBA or R with an ability to create and improve pricing tools, query data, build reports, etc.
  • Ability to organize and prioritize a demanding workload and time sensitive deal flow
  • Strong interpersonal and communication skills and the ability to work with management at a senior level

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

10300 Arch Reinsurance Ltd.