AmTrust Financial Services - New York, NY

posted 4 months ago

Full-time - Mid Level
New York, NY
Insurance Carriers and Related Activities

About the position

AmTrust Financial is seeking a Senior Actuarial Analyst to participate in Cyber and Management Liability pricing and other actuarial research and development projects. This role is crucial for analyzing segments of the Cyber and Management Liability lines, which include Large Cyber, Small Admitted Cyber, Cyber Programs, and Directors & Officers (D&O) insurance. The ideal candidate will have a strong background in pricing Cyber business and will be expected to contribute to the team's efforts in driving results through innovative methodologies and effective workflow improvements. The position requires a proactive approach to problem-solving and the ability to meet critical deadlines while working independently and collaboratively with various departments, including Underwriting, IT, and Compliance. In this role, the Senior Actuarial Analyst will be responsible for providing formal written communication and documentation of analyses, actively participating in discussions where recommendations are presented to the business, and monitoring changes agreed upon in meetings through the maintenance of data visualization dashboards. The analyst will also engage in actuarial research projects related to pricing and planning, serve as a subject matter expert on pricing and rate development, and complete state filings, which include compiling rate impacts, state exhibits, and addressing objections. This position offers an opportunity to make a significant impact within the organization by leveraging analytical skills and actuarial expertise to enhance the profitability and effectiveness of Cyber and Management Liability products.

Responsibilities

  • Independently analyze segments of the Cyber and Management Liability for profitability and trends.
  • Work closely with Underwriting, IT, and Compliance departments.
  • Provide formal written communication and documentation of analyses.
  • Actively participate in discussions where recommendations are presented to the business.
  • Monitor changes agreed to in the meetings via actively maintained data visualization dashboards.
  • Work on actuarial research projects regarding pricing and planning.
  • Serve as a subject matter expert on pricing and rate development.
  • Complete state filings, including pulling together rate impacts, state exhibits, and answering objections.

Requirements

  • Bachelor's degree in mathematics, actuarial science, or financial related field preferred.
  • Three to five years of actuarial experience.
  • Actively pursuing exams.
  • Understanding of insurance, underwriting, pricing, reinsurance, sales, and financials.
  • Ability to critically problem solve and use business knowledge in developing solutions.
  • Superior written and verbal communication skills.
  • Adept with programming languages/software such as R, SQL, Python, SAS, and/or other statistical programming languages. Working experience with R and SQL strongly preferred.
  • Advanced knowledge of Microsoft Excel.
  • Ability to work with people from diverse backgrounds and with diverse skillsets.

Benefits

  • Medical & Dental Plans
  • Life Insurance, including eligible spouses & children
  • Health Care Flexible Spending
  • Dependent Care
  • 401k Savings Plans
  • Paid Time Off
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