AVP, Actuarial Pricing - Marine (Ocean/Inland) (Chicago)

Join to apply for the AVP, Actuarial Pricing - Marine (Ocean/Inland) role at Arch Insurance Group Inc.

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Join to apply for the AVP, Actuarial Pricing - Marine (Ocean/Inland) role at Arch Insurance Group Inc.

Arch Insurance Group Inc. provided pay range

This range is provided by Arch Insurance Group Inc.. Your actual pay will be based on your skills and experience talk with your recruiter to learn more.

Base pay range

$129,500.00/yr - $201,066.00/yr

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.

Your Role

This is a rare opportunity to help build a Marine insurance business from the ground up. Youll play a pivotal role in shaping pricing strategy, developing tools, and establishing actuarial foundations for both Ocean and Inland Marine lines. Whether you bring direct Marine experience or have led the development of a new business unit in another line, were looking for someone who thrives in a fast-moving, entrepreneurial environment.

Youll manage one direct report and work closely with a broader team of actuaries, underwriters, and business partners to deliver insights, develop pricing strategies, and monitor portfolio performance.

Key Responsibilities

• Collaborate to Build a New Marine Business Unit Lead actuarial efforts to establish and grow the Marine portfolio, including pricing frameworks, monitoring tools, and strategic input. Partner with underwriting and leadership to shape the direction of the business.
• Tool Development Design, build, and maintain Excel-based pricing and monitoring tools to support Marine underwriting and portfolio management. Excel will serve as a stepping stonepart of your role will be to help evaluate, recommend, and implement a more strategic long-term solution for pricing infrastructure and analytics.
• Profitability Reviews & New Business Analysis Evaluate Marine products using actuarial techniques to assess portfolio profitability and identify opportunities for improvement.
• Actuarial Research & Methodology Conduct studies to refine pricing methodologies, segmentations, and assumptions specific to Ocean and Inland Marine exposures.
• Team Leadership & Partnership Manage one direct report and collaborate with a broader team of actuaries. Foster a culture of innovation, shared learning, and cross-functional teamwork.
• Monitoring & Reporting Track rate changes, pricing adequacy, and underwriting mix for new and renewal business. Provide actionable insights to Marine underwriters and leadership.

Why Join Us

• Build Something New: Be part of launching a Marine business from scratch.
• Opportunity: Rapid growth and entrepreneurial culture mean your contributions are visible and valued.
• Career Development: Robust exam support and advancement opportunities.
• Flat Structure: Present directly to senior leaders and influence key decisions.
• Innovation Culture: Be part of a team that values creativity and continuous improvement.

Key Qualifications

• Credentials: FCAS preferred; ACAS or equivalent actuarial designation accepted.
• Experience: 8+ years in P&C actuarial roles; most AVPs have 812 years or more of experience.
• Marine Expertise: Experience in Ocean or Inland Marine lines is ideal. Alternatively, experience building a new business unit or pricing function from scratch is highly valued.
• Technical Skills: Advanced Excel and VBA required; familiarity with Python or SQL a plus.
• Business Acumen: Strong understanding of insurance products, underwriting, and claims.
• Leadership: Experience managing or mentoring others and working cross-functionally.
• Communication: Strong interpersonal and presentation skills.

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

$129,500 $201,066 (NYC, JC)

$116,600 - $180,959 (Chicago, Hartford)

$100,400 - $155,826 (St. Paul)

• Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
• Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.

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 isnt the right fit but youre 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 Archs Talent Acquisition team.

14400 Arch Insurance Group Inc.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Sales and Business Development

• Industries

  Insurance

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