Associate Actuary
- Employer
- AmTrust Financial Services
- Location
- Alpharetta, Georgia
- Salary
- Not Specified
- Closing date
- Apr 30, 2019
View more
- Category
- Actuary
- Job Type
- Not Specified
- Career Level
- Not Specified
Job Details
The Associate Actuary position manages the development and production of profitability reports to Senior Management for the Domestic Warranty business. This involves producing metrics on exposures, premiums, and claims performance and providing output in a clear and actionable format to drive strategic growth. The position will also be responsible for managing the Reserving and Financial Reporting for US Specialty Risk. This includes establishing claim reserves and managing the quarter close and year end processes. Both the reporting and reserving functions involve working with complex datasets and establishing a process to reconcile source system data to profitability and financial reports.
ResponsibilitiesThe position will also be responsible for managing the Reserving and Financial Reporting for US Specialty Risk. This includes establishing claim reserves and managing the quarter close and year end processes. Both the reporting and reserving functions involve working with complex datasets and establishing a process to reconcile source system data to profitability and financial reports.
Assists in the development and adequacy of underlying and specific/aggregate excess loss picks and ROEs.
Creates pricing files and analysis then monitors regularly with underwriters for file effectiveness
Communicates results of analysis to underwriters and program managers.
Assists with monitoring and interpretation of program results
Works on actuarial research projects regarding pricing and planning.
QualificationsBS, BA in actuarial science or mathematics preferred; ACAS or FCAS preferred
2-3 years' experience in a pricing atmosphere on large accounts resulting in familiarity with actuarial methods and practices (may include college level actuarial coursework)
Extensive knowledge of MS Excel, MS Access, SQL, and VBA preferred
Business knowledge should include basic accounting, finance, and insurance market place
Strong analytical and communication skills are a must
What We Offer:
AmTrust Financial Services offers a great work environment, competitive compensation package and excellent carrier advancement opportunities. Our benefits include: Medical and Dental Plans, Life Insurance, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, and Paid Time Off.
Company
AmTrust Financial Services, Inc. was founded in 1998 to provide property and casualty insurance to small businesses. Through acquisitions and organic growth, AmTrust Financial Services has since grown to become a multinational property and casualty insurer specializing in coverage for small to mid-sized businesses. Our financial stability is based upon a philosophy of niche diversity with a focus on low-hazard risk.
Since its inception, AmTrust has crafted a balanced portfolio of insurance products including:
- Multiline Small Business Insurance
- Warranty and Specialty Risk Insurance
- Specialty Program Business Insurance
In November 2006, the company became publicly traded on the NASDAQ Global Market under the symbol AFSI. With extensive underwriting experience and a prestigious "A" (Excellent) Financial Size "XI" rating from A.M. Best, AmTrust has earned a reputation as an innovative, technology driven provider of insurance products. Our commitment to excellence is the common thread connecting each of our businesses.
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