A
Not Specified Permanent

Newark, New Jersey · USA job

Director, Actuary

Arch Capital Group

Newark, New Jersey

Job description

Overview

In this role you will underwrite and issue Cyber & Technology Liability policies, building strong relationships with agents and clients. You'll assess risk, determine insurability, and contribute to pipeline and forecasts while collaborating across teams to optimize cross-sell opportunities. You will stay current on claim trends and regulatory changes, shaping underwriting positions and solutions. This role offers impact through risk-aware decision making and partnership with brokers to enable client protection and business growth.

Compensation / Benefits
  • medical plans
  • dental, vision and prescription coverage
  • 401k with generous matching
  • PTO 20 days per year
  • up to 12 paid company holidays per year
  • Volunteer Time Off
Responsibilities
  • Build long-term relationships with agents, brokers, and policyholders
  • Generate a pipeline of submissions aligned with department appetite
  • Evaluate applications for acceptability against guidelines and determine need for additional evidence
  • Participate in underwriting calls with clients and brokers to assess cybersecurity controls
  • Articulate underwriting positions and provide clear rationale internally and externally
  • Prepare quotes and respond to broker/policyholder inquiries; escalate issues with proposed solutions
  • Provide underwriting documentation and maintain up-to-date positions
  • Stay current on claim trends and regulatory changes; adjust as needed
  • Provide monthly forecasts for new and renewal business and reconcile forecasts
  • Monitor new business flow, quote-to-hit ratios, and variances; develop corrective strategies with agencies
  • Mentor or assist other underwriters and related teams, especially on cross-sell opportunities
  • Support cross-functional collaboration to optimize outcomes
Key requirements
  • Strong relationships with wholesale and/or retail cyber brokers
  • Excellent interpersonal and communication skills; ability to engage senior management
  • Knowledge of broader MPL classes of business desirable
  • Highly motivated, able to work independently or in a team
  • Strong organization, prioritization, and multi-tasking abilities
  • Independent, innovative thinker with creative problem-solving and strategic thinking
  • Strong analytical judgment and mathematical skills
  • Effective oral and written communication; strong negotiation skills
  • 2-5 years of cyber underwriting experience
  • BA or BS in Economics, Business, Finance, or Accounting
  • relationship-building
  • communication (oral and written)
  • independence and motivation
  • Cyber underwriting experience
  • risk assessment and insurability evaluation
  • forecasting and financial reconciliation

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