Associate Actuary, Credit Insurance Pricing

AmTrust Financial Services Inc.; Austin (TX); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Medical & Dental Plans

Life Insurance

Job summary

AmTrust Financial Services Inc. is seeking an analytically driven actuary to support pricing, modeling, and portfolio management of credit insurance programs. The role focuses on developing models, analyzing performance, and partnering with underwriting, finance, claims, and leadership to drive profitable growth.

The ideal candidate will have ACAS/FCAS or progress toward credentialing, 5+ years of actuarial experience, and strong modeling skills using SAS/SQL/R/Python with Power BI familiarity.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, or a related field.
• ACAS or FCAS designation or substantial progress toward credentialing.
• 5+ years of actuarial, pricing, or predictive modeling experience.
• Experience with statistical modeling, predictive analytics, and machine learning concepts.
• Strong data exploration and manipulation skills, ideally in SAS, SQL, R, or Python.
• Proficiency with Power BI is preferred.
• Experience with Credit Insurance is preferred.
• Strong communication and presentation skills.

Responsibilities

• Pricing & Profitability Analysis: Develop and maintain pricing models for credit insurance and related products.
• Pricing & Profitability Analysis: Analyze claim frequency, severity, loss ratios, and profitability trends.
• Pricing & Profitability Analysis: Perform rate adequacy studies and recommend pricing actions.
• Pricing & Profitability Analysis: Monitor portfolio performance and identify emerging trends and risks.
• Pricing & Profitability Analysis: Support forecasting, budgeting, and strategic planning initiatives.
• Predictive Modeling & Analytics: Build, validate, and maintain predictive models using actuarial and statistical techniques.
• Predictive Modeling & Analytics: Utilize borrower, loan, collateral, and credit attributes to improve risk segmentation.
• Predictive Modeling & Analytics: Evaluate model performance and recommend enhancements.
• Predictive Modeling & Analytics: Partner with data science and technology teams on model implementation and governance.
• Predictive Modeling & Analytics: Document methodologies and ensure compliance with actuarial standards and model governance requirements.
• Portfolio & Risk Management: Evaluate underwriting strategies and portfolio risk characteristics.
• Portfolio & Risk Management: Perform scenario testing and stress testing to assess potential changes in economic conditions and credit performance.
• Portfolio & Risk Management: Analyze impacts of shifts in credit quality, loan-to-value ratios, delinquency trends, and macroeconomic conditions.
• Portfolio & Risk Management: Support reserve adequacy reviews and business performance assessments.

Skills

Actuarial Fundamentals

Pricing Strategy

Predictive Modeling

Data Analytics

Communication

Education

Bachelor's in Actuarial Science or related

ACAS/FCAS or progress toward credentialing

Tools

SAS

SQL

R

Python

Power BI

Job description

Overview

We are seeking a highly analytical and business-oriented actuary to support the pricing, modeling, and portfolio management of our Credit Insurance programs. This role will be responsible for developing actuarial models, analyzing portfolio performance, recommending pricing strategies, and partnering with underwriting, finance, claims, and business leaders to drive profitable growth.

The ideal candidate combines strong actuarial fundamentals with advanced modeling expertise and experience working with consumer lending, credit insurance, collateral protection products, GAP, payment protection, or other credit-related insurance products.

The ideal candidate will be located near Atlanta, GA or Austin, TX. Other locations will be considered.

Responsibilities

Pricing & Profitability Analysis

• Develop and maintain pricing models for credit insurance and related products.
• Analyze claim frequency, severity, loss ratios, and profitability trends.
• Perform rate adequacy studies and recommend pricing actions.
• Monitor portfolio performance and identify emerging trends and risks.
• Support forecasting, budgeting, and strategic planning initiatives.

Predictive Modeling & Analytics

• Build, validate, and maintain predictive models using actuarial and statistical techniques.
• Utilize borrower, loan, collateral, and credit attributes to improve risk segmentation.
• Evaluate model performance and recommend enhancements.
• Partner with data science and technology teams on model implementation and governance.
• Document methodologies and ensure compliance with actuarial standards and model governance requirements.

Portfolio & Risk Management

• Evaluate underwriting strategies and portfolio risk characteristics.
• Perform scenario testing and stress testing to assess potential changes in economic conditions and credit performance.
• Analyze impacts of shifts in credit quality, loan-to-value ratios, delinquency trends, and macroeconomic conditions.
• Support reserve adequacy reviews and business performance assessments.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, or a related field.
• ACAS or FCAS designation or substantial progress toward credentialing.
• 5+ years of actuarial, pricing, or predictive modeling experience.
• Experience with statistical modeling, predictive analytics, and machine learning concepts.
• Strong data exploration and manipulation skills, ideally in SAS, SQL, R, or Python.
• Proficiency with Power BI is preferred.
• Experience with Credit Insurance is preferred.
• Strong communication and presentation skills.

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.