VP, Actuarial Product Development And Filings

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℠.

With Arch's growth and expansion into new markets, rate filings and product development strategy are becoming more important to our success. We are looking for someone to show us what excellence looks like and make it happen. This is an opportunity to build something remarkable from the ground up.

Responsibilities

• Lead a team of actuaries to support rate filings and product development across Arch Insurance business units by preparing actuarial support for rate and rule filings, including indication analysis, impact calculations, competitor research, and state-specific exhibits.

• Transform our operations, bringing best practices and finding ways to improve our processes.

• Serve as our lead representative alongside leaders from other departments to drive speed-to-market with better product development and filing strategies.

• Develop tools and processes to improve automation, efficiency and quality; research and improve analyses and data sources.

• Oversee testing of rating system implementation to ensure compliance.

• Coordinate and assist in the response to state rate filing objections and help negotiate approvals.

• Monitor and initiate bureau filings for rate and rule adoptions; review and interpret insurance regulations, bulletins, and publications to help determine rate impact and compliance risks for business units.

• Teach and train our future leaders.

Why Work at Arch

• Arch highly values actuaries: Arch's CEO, CFO, President and many unit heads are actuaries. They will both cross-examine you, and highly value your insights.

• Flat structure: You will work with senior leaders and your insights will make a difference.

• Make an impact: Product development is an increasingly important function to Arch. This role is highly visible, and you will have a lot of freedom and support to make us better.

• Opportunity: No experience minimums, or waiting your turn. Arch has a lot of opportunity because of our growth and entrepreneurialism, and many Arch actuaries have been promoted within current roles in recognition of outstanding performance, or gotten new opportunities outside their experience.

• Culture: 92% of Arch employees are proud to work for Arch. We love the positive attitudes and collaborate environment, and proudly recommend Arch to friends and former colleagues.

Key Evaluation Criteria

• Most Vice Presidents have at least 15 years of P&C Insurance experience, but some have less.

• P&C Actuarial qualifications: actuaries and non-actuaries are welcome. Strong experience in the actuarial support needed for filings and objections is expected.

• Experience: knowledge of P&C Insurance products and filings in admitted lines, and engaging with DOIs. Strong commercial lines experience preferred.

• Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture.

• Efficiency, productivity and organizational skills, including ability to manage a large team

• Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity.

• Superior communication skills are important for partnering with cross-functional business partners.

• Software skills: Excel, Word, Power Point expected; database and programming skills are a plus

About Arch Insurance Group

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. Learn more about Arch at https://www.archgroup.com/about/

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