Actuarial Analyst supporting reserving and loss analytics team at Arch Insurance Group. Collaborating with various departments and leading reserving processes for Middle Market Business Divisions.
About the role
- Associate Actuary developing and refining pricing methodology for Prudential Retirement Strategies. Collaborating cross-functionally to manage pricing models and ensure compliance with governance requirements.
Responsibilities
- Design, refine and manage the model testing and control processes; incorporate best practices and continuously improve the effectiveness and efficiency of the processes
- Lead on execution of testing initiatives, including managing testing resources and timelines, prioritizing workstreams, conducting rigorous testing and review, and developing comprehensive testing results documents
- Interact closely with model developers to share testing findings, provide feedback / suggestions, and ensure identified issues are addressed properly
- Coordinate with model users for adequate UATs
- Collaborate with AMC and MRMG to ensure compliance to the model risk governance requirements
- Proactively drive methodology refinements and technology advancements to generate enhanced modeling capabilities by conducting innovative research
- Collaborate with the Modeling, New Initiatives and Pricing Teams to provide support for Business Unit/Enterprise initiatives, such as new methodology for product innovations or pricing framework changes, ALM risk analysis, required capital framework.
Requirements
- 4-5 years of actuarial experience or equivalent experience in a similar quantitative financial field; knowledge in retail annuity and institutional retirement products is desirable
- Strong quantitative modeling and analytical skills; understanding of financial instruments and asset liability risk management preferred
- Solid programming skills (e.g., VBA or other programming languages)
- Experience with MATLAB, Python, and predictive modeling / machine learning is a big plus
- Strong project management skill; strong execution with attention to detail
- Good verbal and written communication skills; able to explain technical concepts to non-technical audience
- Highly motivated individual who can work equally well independently and in a team environment.
Benefits
- Medical, dental, vision, life insurance, disability insurance
- Paid Time Off (PTO)
- Leave of absences, such as parental and military leave
- 401(k) plan with company match (up to 4%)
- Company-funded pension plan
- Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal well-being needs
- Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development
- Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs
- Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service
- Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.
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