Actuarial Analyst I, Reserving

AmTrust Financial Services, Inc.; New York (NY); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical & Dental Plans

Life Insurance

401k Savings Plans

Paid Time Off

Job summary

AmTrust Financial Services, Inc. is seeking an Actuarial Analyst to join the Reserving team in New York. This role offers hands-on experience in reserve analyses, financial reporting, and model development across multiple lines of business.

You will work with experienced actuaries, develop data tools in Excel, Access, and SQL, and contribute to quarterly and annual reporting. A quantitative degree is preferred; salary range reflects US market.

Qualifications

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, Data Analytics, or another quantitative field.
• Ability to work from our New York City or Southington, CT office.
• Strong analytical and problem-solving skills with excellent attention to detail.
• Proficiency in Microsoft Excel; familiarity with Access and SQL is preferred.
• Strong written and verbal communication skills.
• Highly motivated self-starter with a desire to learn and grow within the actuarial profession.
• Prior actuarial experience and actuarial exams are not required.

Responsibilities

• Assist in the preparation of actuarial reserve analyses for various commercial insurance lines, including Workers' Compensation, General Liability, and Commercial Auto Liability.
• Collect, validate, and analyze data used in reserve studies and other actuarial projects.
• Support the testing, maintenance, and enhancement of actuarial reserving models and processes.
• Partner with actuarial team members to identify trends and provide insights into reserve adequacy.
• Assist with quarterly and annual financial reporting requirements.
• Develop and improve data management and reporting tools using Excel, Access, SQL, and other analytical platforms.
• Collaborate with cross-functional teams including Finance, Claims, and Underwriting.

Skills

Analytical skills

Problem-solving

Attention to detail

Written communication

Education

Actuarial Science / Mathematics / Statistics

Tools

Excel

Access

SQL

Job description

Overview

AmTrust is seeking a motivated and analytical Actuarial Analyst to join our Reserving team. This is an excellent opportunity for recent graduates or early-career professionals looking to gain hands-on actuarial experience within a growing insurance organization. In this role, you will work alongside experienced actuaries and contribute to reserve analyses, financial reporting, and reserving model development across multiple lines of business.

Responsibilities

• Assist in the preparation of actuarial reserve analyses for various commercial insurance lines, including Workers' Compensation, General Liability, and Commercial Auto Liability.
• Collect, validate, and analyze data used in reserve studies and other actuarial projects.
• Support the testing, maintenance, and enhancement of actuarial reserving models and processes.
• Partner with actuarial team members to identify trends and provide insights into reserve adequacy.
• Assist with quarterly and annual financial reporting requirements.
• Develop and improve data management and reporting tools using Excel, Access, SQL, and other analytical platforms.
• Collaborate with cross-functional teams including Finance, Claims, and Underwriting.

Qualifications

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, Data Analytics, or another quantitative field.
• Ability to work from our New York City or Southington, CT office.
• Strong analytical and problem-solving skills with excellent attention to detail.
• Proficiency in Microsoft Excel; familiarity with Access and SQL is preferred.
• Strong written and verbal communication skills.
• Highly motivated self-starter with a desire to learn and grow within the actuarial profession.
• Prior actuarial experience and actuarial exams are not required.

The expected salary range for this role is $60,000-$90,000/year.

Please note that the salary information shown above is a general guideline only. Salaries are based upon a wide range of factors considered in making the compensation decision, including, but not limited to, candidate skills, experience, education and training, the scope and responsibilities of the role, as well as market and business considerations.

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.