Actuarial Analyst

at  AmTrust Financial Services Inc

Overview:
We are looking for innovative, analytical candidates who can apply quantitative skills to solve real world business problems. As an Actuarial Analyst, you will be introduced to the skills necessary for a successful insurance career at AmTrust North America by working within the Actuarial Pricing Team. The successful candidate will report into Group Actuarial and will be responsible for providing actuarial pricing services to the Commercial Lines Divisions within AmTrust. They will have the opportunity to impact actuarial pricing at AmTrust and develop their technical and quantitative abilities.
These will be full-time hire positions with anticipated start dates in Summer 2024.

Responsibilities:

• Profitability and Rate Indication Analyses:
• Conduct rate indication / profitability study by business segment (State group, Line of Business, Products) for a $1 Billion book of primary commercial lines business (Auto, GL, Property, etc.) 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 the various classes and regions and assist in the development of actions plans; Develop and implement recommended product pricing changes based on business performance demonstrated through policy quarter analytic process.
• Communicate results of pricing analyses to the various audiences including underwriting and senior management; including explanations for profitability drivers, trends in operational diagnostics of the business, profitability risks, variability, etc.; Influence the decision process. Collaborate with underwriting and product line managers to effectively executive business strategies and monitor outcomes on a periodic basis.

• Profitability and Rate Indication Analyses:
• Conduct rate indication / profitability study by business segment (State group, Line of Business, Products) for a $1 Billion book of primary commercial lines business (Auto, GL, Property, etc.) 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 the various classes and regions and assist in the development of actions plans; Develop and implement recommended product pricing changes based on business performance demonstrated through policy quarter analytic process.
• Communicate results of pricing analyses to the various audiences including underwriting and senior management; including explanations for profitability drivers, trends in operational diagnostics of the business, profitability risks, variability, etc.; Influence the decision process. Collaborate with underwriting and product line managers to effectively executive business strategies and monitor outcomes on a periodic basis