Associate Actuary, Worker's Compensation Pricing

AmTrust Financial Services Inc.; New York (NY); On-site; USD 110,000 - 140,000; Full time

Job summary

AmTrust Financial Services Inc. is seeking an experienced actuarial pricing professional to join the Workers' Compensation Actuarial Pricing team in New York.

You will drive profitability by calculating aggregate state rate indications and analyzing profitability at a segmented level, recommending rate changes to balance profitability and growth. The role involves developing dashboards, tracking economic trends, and pricing large deductible accounts, with opportunities for actuarial research,

Qualifications

• BS, BA or higher degree required.
• ACAS or close and pursuit of FCAS preferred.
• Strong analytical and communication skills are a must.
• Extensive knowledge of Excel, Word, and SQL; R or Python knowledge is a plus.

Responsibilities

• Drive Profitability: Calculate aggregate state rate indications.
• Analyze state profitability at a segmented level and identify opportunities and challenges.
• Recommend rate changes or actions balancing profitability and growth.
• Provide actuarial support for quick rate filing approvals with regulatory compliance.
• Communicate results and insights to Product and business partners to gain consensus on action plans.

Skills

Analytical skills

Communication skills

Education

BS/BA or higher degree

Tools

Excel

Word

SQL

Python

R

Job description

Overview

We are growing and looking for an intelligent, forward-thinking, and motivated team member to join the Workers Compensation Actuarial Pricing team at AmTrust. If you’re an ACAS (or near) and excited to work on a collaborative team, solving problems, building strategy, and getting stuff done at a top workers compensation carrier, this is the place for you.

Responsibilities

Drive Profitability

• Calculate aggregate state rate indications
• Analyze state profitability at a segmented level and Identify areas of opportunity and challenge
• Recommend rate changes or other actions that will provide the right balance between profitability and growth.
• Provide actuarial support for quick rate filing approvals, ensuring rate filings are compliant with state regulations
• Communicate results and insights to Product and other business partners to gain consensus on a go-forward plan of action

Performance Monitoring

• Develop, enhance, and maintain dashboards to track Workers’ Compensation results
• Track relevant economic trends and industry benchmarks
• Price large, high deductible and excess Workers Compensation accounts

Additional Contributions

• Actuarial research projects
• Planning
• Reinsurance pricing
• Support crossline of business sales and pricing initiatives
• Partnering with the Modeling team to assess predictive model outputs

Qualifications

• BS, BA or higher degree
• ACAS or close and pursual of FCAS
• 4+ years of property-casualty commercial lines insurance experience
• Workers Compensation pricing experience is strongly preferred
• Strong analytical and communication skills are a must
• Extensive knowledge of Excel, Word, and SQL. R or Python knowledge is a plus
• Ability to build strong relationships and enrich our positive team culture

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.