Head of Pricing

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 Head of Pricing’s primary responsibility is to be a leader in the actuarial evaluation and communication of risk and return across a wide variety of trading opportunities, and the co-ordination and development of resources in support of actuarial pricing.  They will manage the Bermuda pricing team, and report to the Chief Actuary.

Key Responsibilities:

• Resource planning and coordination to ensure high service levels and collaboration with underwriters during peak pricing season and throughout the year
• Enhancing individual trading opportunities through recommendations on deal structuring, evaluating adequacy of price levels, comparison of risk/return characteristics to other similar deals in the market
• Developing the expertise of the pricing team and coordinating with pricing teams in other offices
• Creating risk and return models appropriate for the line of business and opportunity under consideration
• Lead and/or oversee actuarial projects to improve pricing methodologies and address needs of underwriters and various other stakeholders
• Create process efficiencies that will enable the team to leverage the current actuarial
• Effectively communicate observations and recommendations to team members both within and outside the actuarial function; follow through on one’s convictions
• Ensure results of risk and return analysis are captured using the appropriate technology to facilitate downstream processing of analysis parameters that are used in other company projects
• Maintain various capital models relevant for pricing deals across multiple capital pools
• Research, educate, promote and implement data science technology to improve quality and efficiency of analytics

Minimum Qualifications, Skills and Experience:

• A University Degree in Mathematics, Applied Science, or similar
• FCAS or equivalent
• Minimum of 10 years’ experience in the Property and Casualty Re/Insurance industry
• Experience pricing a wide variety of reinsurance treaties including a range of lines of business and structures.
• Experience pricing retrospective trading opportunities
• Proficiency in Excel and Visual Basic
• Ability to manipulate large databases and proficiency in SQL
• Strong interpersonal and communication skills
• Ability to lead a team and prioritize a demanding workload

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.