Senior Actuarial Analyst II, Pricing

AmTrust Financial Services•Cleveland, OH

About The Position

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.

Requirements

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
3 to 5 CAS exams and actively pursuing Actuarial designation.
Extensive knowledge of MS Office, particularly Excel.
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

Nice To Haves

Knowledge of VBA and SQL preferred.

Responsibilities

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.
Participate in monthly/quarterly product monitoring to identify issues and opportunities within various classes and regions and assist in the development of action plans.
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.
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.
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.
Analyze industry trends and information and highlight the implications for the business.