Recommend strategy and provide counsel to executive management with respect to all aspects of risk management across the businessesMaintain and enhance an Economic Capital model and Capital allocation processliaise with Corporate Actuarial to obtain necessary loss and premium dataparameterize data for input into the capital modelapply bootstrapping techniques via @Risk in ExcelEnhance reserve risk and underwriting risk quantificationAssist in risk measurement techniques for Market, Credit and Operational RiskEnhance Stress Testing and Scenario analyses frameworkEnhance the enterprise infrastructure and risk management analyses, communication and associated risk policiesDescribe and present oral and written analyses and concepts to executive management so that the risk of the business is well understood, within stated risk tolerances and commensurate with the returnsPrepare and present analyses to external parties such as rating agencies and regulatorsProvide leadership in the areas of new business, including acquisitions and ventures, new investments, and strategic capital allocationDevelop and test methodologies for VAR, economic capital, risk measurement, and the forecasting of earnings and liquidityUtilize capital model to:model potential acquisition targetsperform risk/reward and RAROC analysisoptimize reinsurance portfolioReport to the Chief Risk Officer
Title_Senior Risk Manager & Actuary, AVP_
About the OrganizationAmTrust Financial Services, Inc., (Nasdaq: AFSI) headquartered in New York City, is a multinational insurance holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers' compensation, commercial automobile and general liability; extended service and warranty coverage.
PositionSenior Risk Manager, AVP
LocationNY, New York
Senior Risk Manager & Actuary, AVP (Quantitative)
Responsibilities:+ Identify potential risks and opportunities and recommend actions to take advantage of opportunities or reduce risks through mitigation strategies and limits at the enterprise, risk type, and business level working with the ERM team and/or business risk management colleagues,
Job Requirements#LI-POST8-10 years of related experience, demonstrating progressively challenging assignments in the insurance or related industryExtensive experience with economic value/ capital modeling, detailed analyses, and coordination with senior leaders on implementing actions to take advantage of opportunities or mitigate economic risks identifiedSuperior analytical and strategic thinking skillsDeep knowledge of financial modeling and simulation techniques, knowledge of ReMetrica a plusAdvanced knowledge of Microsoft Excel, experience with Pivot Tables, V Look-Ups, @Risk, etc.Experience with reserve risk and bootstrapping techniquesExperience parameterizing data for input into a capital modelKnowledge of the Chain Ladder and
FergusonmethodsFluent with insurance company financial statementsExcellent influencing and communication skillsAdvanced degree in Finance, Econometrics, Statistics, Mathematics, Physics, or another quantitative disciplineInsurance experience preferredWell established record of team leadership across different geographies and cultures, project management and personal development
EDUCATION+ Bachelor's Degree or equivalent requiredMaster's, PhD in Econometrics, Statistics, Mathematics or other related fields of studyActuary, Fellow, ACAS or Exams passed
Number of Openings1
Employee Referral Eligibleyes
Employee Referral Payout$1,000 This position is currently accepting applications.