Manager. Actuarial
AmTrust Group

Job Info

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Overview

Actuarial Manager, Programs Pricing Job Summary (Location: Southington, CT, NYC or Chicago):

The successful candidate will report to the Director of Commercial Lines Pricing and will be responsible for managing the actuarial pricing services provided to Specialty Programs within AmTrust Specialty.

AmTrust's Commercial Lines Pricing Team is responsible for pricing and monitoring the profitability of the US P&C book of business for AmTrust excluding Worker's Compensation. The book is approximately $1.8B and spans across General Liability, Commercial Property, Commercial Auto, Professional Liability, Management Liability, Business Owners and Umbrella. It includes Small Commercial, Transportation, Excess & Surplus, and Program Business. The team currently consists of ten members.

The Actuarial Manager, Programs will be directly responsible for approximately $500m book that is continuing to grow and will directly m anage a team of 2-3 actuarial analysts that currently support the pricing function for the Program book. He/She will also cross supervise the other analysts on some of the books of business that span across multiple lines. He/She will partner with Program Executive Management in ensuring the profitability of the in-force book as well as laying the strategy for continued profitable growth.

Responsibilities

Key Duties and Responsibilities:

• Oversee the review of all in force programs
• Enhance and develop the methodology and pricing indication tools
• Ensure that the necessary underlying internal data is available and of high quality

• Evaluate new Program opportunities

• Create central database to monitor and evaluate profitability of program book.

• Lead data mining efforts on program business and contribute to using the data for predictive modeling purposes

• Contribute to groupwide efforts on capital modeling, risk analyses, ROE development and other actuarial efforts in relation to Program book

• Manage and oversee the career development of the junior staff

• Communicate results of pricing analyses to the various audiences including underwriting, product managers and senior management; including explanations for profitability drivers, trends in operational diagnostics of the business, profitability risks, variability, etc.; Influence the decision process.

• In conjunction with other pricing actuaries develop and maintain a library of pricing parameters including: premium and loss trend factors, loss development factors, increased limits factors, industry expected loss ratios

• Coordinate with IT to develop regular actuarial reports to be used in analysis

• Drive the enhancement of the current monthly actuarial reporting processes for each class of business, including price monitoring reports, large loss reports, incurred/paid actual versus expected analyses, etc.;

• Develop and implement recommended product and pricing changes based on business performance demonstrated through quarterly/semi-annual analytic process.

• Analyze industry trends and information and highlight the implications for the business. Support forward business planning, forecast and analysis process, also integrated with reserving and profitability process; and

• Work with the business planning teams in the selection of initial expected loss ratios.

Qualifications

Required Education/Training & Experience:

• Bachelor's Degree in Math, Economics, Statistics, or similar field requiring significant quantitative analysis;

• Credentialed Fellow or Associate in the Casualty Actuarial Society (CAS)

• 10 years total experience, with at least 5 years relevant experience pricing primary commercial lines (General Liability, Auto Liability, and Property) preferred

• Demonstrated ability to lead a team of actuaries preferred.

• Working knowledge of data structures, systems, and software: VBA and SQL preferred

• Ability to work in a fast paced, team-oriented environment

• Implement planning to prioritize, organize, measure work

• Excellent communication and interpersonal skills, able to establish credibility with senior underwriters, business unit leaders and divisional leadership

• Ability to work with IT to improve the data quality and collection processes

This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all activities, duties, or responsibilities that will be required in this position. AmTrust has the right to revise this job description at any time.

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.

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