ILS Actuary

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℠.

The actuarial ILS team assists Arch’s Capital Partners platform in a wide variety of projects spanning from product development, financial modelling, software development, product valuations and servicing. As part of the team, the holder of this position is expected to contribute and, in some cases, lead these projects to help the platform be the best in class in the ILS industry.

This role will required use strong analytical, problem solving and critical thinking abilities.

These include deepening our understanding of our insurance risks and developing solutions to enhance reporting needs.

Responsibilities and Duties

• Pricing, valuation and development of ILS and reinsurance products (e.g., ILW, Cat bonds)
• Produce or update financial cash flows model for various portfolios (e.g. IRR, NAV, etc.)
• Help producing quarterly information needed by the finance outwards and operations teams
• Use actuarial and other analytical techniques to help the platform to deepen our understanding of insurance risks and understand drivers of change in various partners’ portfolios
• Work with various stakeholders to develop specs for systems when needed, and work with software engineer to help development of such systems
• Help with writing development specs for software engineers when prototypes are ready for larger deployment
• Seek opportunities to automate reports and processes
• Understand our business processes and make the connection with the data coming of the operational systems of the company
• Support research projects, both actuarial and non-actuarial, including testing non-standard and innovative approaches for modelling risks and construction of portfolios of complex reinsurance risks
• Build trusting relationship with all colleagues
• Continuous development of technical knowledge of coding and analytical tool in use

Minimum Qualifications & Experience

• Associate or Fellow of a recognized actuarial association
• Bachelor’s degree in Statistics, Mathematics, Computer Science, Data Science, Physics, Engineering, or similar discipline with emphasis on quantitative analysis and methods
• A minimum of 8 years of experience with at least 3 in a similar role
• Preference will be given to candidates who can demonstrate experience both property and casualty related products
• Demonstrated analytical capabilities, including critical thinking with strong attention to detail
• Ability to challenge and question the status-quo
• Produce and interpret key metrics from property catastrophe models (e.g.  OEP, AEP, Return period, PML, Occurrence pattern, etc.)
• Understanding of database structures and logic, including database language such as SQL or Snowflake
• Understanding use of data science and statistical tools / languages (e.g. R, Python)
• Excellent written communication skills along with the ability to present results of analysis to a non-technical audience
• Excellent interpersonal skills
• Able to work independently and as part of a team
• Highly organized with demonstrated experience in solving problems
• Desire to learn and continuously develop both technical and non-technical skills

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.