Senior Actuarial Analyst II, Pricing

Overview

The successful candidate will report to the Actuarial Manager for Excess & Surplus (E&S) of AmTrust’s Commercial Lines Division Pricing team and will be responsible for pricing and monitoring the $500M E&S book. The book currently writes General Liability, Commercial Property, and Umbrella.

 

The candidate will be a member of AmTrust’s Actuarial student program which provides study hours and exam support.

Responsibilities

• Profitability Analyses: Conduct profitability studies by business segment for AmTrust’s E&S business (GL, Property, and Umbrella) to identify pockets of profitable growth opportunities in the local insurance market and the areas requiring remediation.
• Monitoring: Participate in monthly/quarterly product monitoring to identify issues and opportunities within various classes and regions and assist in the development of action plans.
• Deliver Results: Communicate results of pricing analyses to various audiences such as underwriting and senior management. These findings will include profitability drivers and trends in operational diagnostics of the business.
• Pricing Models: Review and understand various pricing tools in use by the business and refine the pricing tools where appropriate. Support the business planning teams by providing outputs and assumptions of pricing tools.
• Pricing Parameters Development & Maintenance: In conjunction with other pricing actuaries develop and maintain a library of pricing parameters including: premium and loss trends, loss development factors, increased limits factors, and industry expected loss ratios.
• Industry Analyses: Analyze industry trends and information and highlight the implications for the business.

Qualifications

• Bachelor’s Degree in Actuarial, Math, Economics, Statistics, or similar field requiring significant quantitative analysis.
• 2-4 years of Actuarial experience for a commercial property-casualty insurance company with 3 to 5 CAS exams and actively pursuing Actuarial designation.
• Extensive knowledge of MS Office, particularly Excel. Knowledge of VBA and SQL preferred.
• Excellent communication and interpersonal skills with the ability to effectively present results to underwriting partners.
• A self-starter able to suggest innovative solutions to emerging issues

What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

 

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

 

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.