AVP, Actuarial Reserving, Loss Analytics - Middle Market
Company: McNeil & Co.
Location: New York
Posted on: March 5, 2025
Job Description:
AVP, Actuarial Reserving, Loss Analytics - Middle MarketAVP,
Actuarial Reserving, Loss Analytics - Middle MarketApply locations
Chicago, IL United States of America Kansas City, MO United States
of America New York, NY United States of America Jersey City, NJ
United States of America St. Paul, MN United States of America time
type Full time posted on Posted 11 Days Ago job requisition id
R24_714With 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---.Arch Insurance Group,
part of Arch Capital Ltd, is a specialty insurer built around
talent intensive businesses. We prioritize niche focus,
underwriting expertise, flexibility, diversification and
disciplined cycle management. We work creatively to provide new
value and solutions to our clients and distribution partners. Arch
highly values actuaries and actuarial expertise. Many senior
executives and business unit leaders are actuaries by training.This
new leadership role will be responsible for co-leading M&A
integration efforts, for Middle Market & Entertainment lines, on
behalf of the Reserving & Loss Analytics team as well as management
of the Plan and Forecast analyses and process. This role will be
highly visible and have an extremely leveraged effect across the
organization. This hands-on professional will build solutions,
develop analyses, while helping build a capable team to provide
proactive insights and counsel Arch Insurance Group leadership and
the business that extends well beyond the analysis of reserves as
well as provide technical solutions.The Reserving and Loss
Analytics team provides an independent assessment of the balance
sheet and portfolio of risks, ensuring the adequacy and accuracy of
the reserves as well as communicate the quarterly reserve analyses
to the Company's executive leadership, auditors, and regulators.
This individual will be instrumental in continuing to build a
best-in-class Reserving & Loss Analytics organization that is
providing an accurate, transparent, and independent view of the
business.This position will require application of the latest
actuarial approaches to ensure appropriate reserve adequacy and
reporting, as well as innovative thinking to help drive newly
developed strategic vision and leverage available data, industry
information, foundational analytics for critical decision making,
and help with development of analytical tools and insights.Job
Responsibilities
- Partnering with leaders in the actuarial department to identify
key priorities for developing new models and improving existing
frameworks.
- Work in close collaboration with underwriting, pricing, claims
and finance to develop a common view of the business. Work in
partnership with the various stakeholders to identify emerging
trends that could impact results and propose corrective action in a
timely manner.
- Lead projects across the Reserving & Loss Analytics Team and
get work done in collaboration with others.
- Provide proactive insights, identify the drivers and ensure
that the reserve analyses reflect any changes in the portfolio to
minimize volatility and avoid surprises.
- Apply innovative approaches and leading-edge tools to analyze
the business. Seek opportunities to leverage advanced analytics to
provide greater insights. Ensure the quality of the data and its
consistent application in the reserving process.
- Partner with the finance organization to provide accurate,
timely and granular analyses to support the quarterly financial
reporting process. This individual will also provide input on
ongoing financial forecast and plan process.
- Collaborate with the global actuarial organization and the
business units to share knowledge.
- Seek opportunities to continuously improve and simplify
processes.
- Prioritize the work to ensure the reserving and loss analytics
function is delivering analyses that is of greatest benefit to the
organization.
- Assume an active leadership role within Arch's actuarial
community and keep abreast of new reserving methodologies, trends
and product/ tort reforms and other external issues.Experience and
Requirements
- Level and role are flexible for a talented candidate with
long-term fit and potential. Both VP and AVP level candidates are
considered. Candidates will be evaluated on the following:
- Fierce about execution and delivery.
- Self-sufficient with competence to progress and build
comprehensive reserving models and analytic solutions.
- Software skills: Excel (expert), Word, PowerPoint; SQL
(expert), Power BI (preferred), database and programming skills,
Snowflake knowledge (preferred), Python knowledge (preferred).
- 10+ years' experience in progressively senior but technical and
hands-on actuarial roles within the property and casualty insurance
industry.
- A minimum of 5 years' experience working in a reserving or loss
analytics function and team.
- A university degree in a quantitative discipline.
- Fellow of the Casualty Actuarial Society (strong ACAS
candidates will be considered).
- Leadership: Strength and experience as a teacher, manager,
peer, leader and contributor to a positive culture.
- Efficiency: productivity and organizational skills.
- Analytical and quantitative skills: theoretical foundation,
work quality, productivity, creativity, ingenuity.
- Professionalism including oral and written communication skills
including presentations and marketing.
- A well-rounded actuary with deep knowledge of a wide range of
commercial and specialty lines as well as reinsurance.
- Excellent verbal and written communication skills. Able to
communicate complex technical concepts to a wide range of audiences
including executive leadership and the board.
- A successful track record managing a sophisticated reserving
team at a large insurer or reinsurer.
- Proven expertise leading and developing actuarial teams. This
individual will have experience developing high performing teams
with strong technical skills and business acumen.
- Experience presenting to executive management and external
stakeholders.
- Strong business judgment and ability to operate with
ambiguity.
- Demonstrated experience effecting change and gaining
buy-in.
- Demonstrated experience providing proactive guidance and
sought-out insights to business leaders, executive management, and
other stakeholders.
- Adaptable, flexible, and thrives in a fast paced and ever
evolving environment.
- A strong desire to have an impact to achieve the best outcome
for the Company and add value across the organization.
- Intellectually curious. Willing to ask questions and challenge
assumptions.
- A problem-solver who seeks to understand the underlying drivers
of the results.
- Encourages the open exchange of ideas and respect for other
points of view. Yet, will have the confidence to take a stand on
issues and push back when appropriate while executing with
efficiency and drive for results in a timely manner.
- A transparent communicator. Knows how and when to keep others
informed.
- A change agent who can drive change through an organization and
lead adoption of new processes and tools.
- An inclusive leader with a keen interest in developing team
members and invested in their success.
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Keywords: McNeil & Co., New York , AVP, Actuarial Reserving, Loss Analytics - Middle Market, Accounting, Auditing , New York, New York
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