Actuarial Analyst Jobs in New York

Overview:

Seeking a motivated Actuarial Analyst to support our Workers’ Compensation pricing team. This role offers the opportunity to work on meaningful business problems and collaborate with a fun, engaged and highly talented team.

You will support the development of state rate indications, pricing large accounts, building and maintaining monitoring tools, and assisting in research to support pricing strategies. You will apply actuarial methodologies to assess rate adequacy at both an aggregate and segmented level and generate actionable insights to inform underwriting and business decisions.

AmTrust is an innovative, customer-centric leader in commercial insurance, committed to growing responsibly and profitably. We are looking for someone who is analytical, detail oriented and communicates effectively. The right candidate will bring excellent problem-solving skills and a collaborative mindset. This is an exciting opportunity to make an impact while developing technical and business acumen.

Responsibilities:

• Assist in producing state rate indications. Analyze trends, loss development and other underlying data to recommend assumptions. Collaborate with business partners to determine the rate need based on actuarial and other business considerations.
• Analyze segments of business for profitability, trend, and growth opportunities.
• Partner with Product, Underwriting, and Data Science departments.
• Communicate results clearly and concisely to managers and peers.
• Build, maintain and enhance dashboards and reports.
• Support actuarial research projects, interpret results and provide recommendations.
• Complete state filing rate support, produce exhibits and respond to regulatory objections.
• Be responsible for on-time completion of requests from other departments.
• Identifying opportunities for enhancements to efficiency and accuracy and successfully implementing changes or new tools to address them.

QUALIFICATIONS

• Bachelor's degree in Actuarial Science, Mathematics, Computer Science, Statistics, or a related field.
• Actively pursuing ACAS/FCAS designation.
• Good analytical and communication skills are a must.
• Basic knowledge of Excel and SQL. Power BI and Git skills are a plus.
• Previous insurance company internship preferred.

The expected salary range for this role is $65,000-$88,000/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.