Supervisor, Actuarial Predictive Modeling

Overview

We are seeking a driven, inventive, and thoughtful actuarial candidate to guide the adoption of complex models across multiple lines of business. This role will be a part of our Actuarial Predictive Modeling team, which is responsible for ensuring that pricing models are built with actuarial principles in mind. The role involves collaborating with underwriting management, data scientists, and other actuarial teams to build pricing models and evaluate model usage initiatives. More specifically, the candidate will be expected to propose model experimentation ideas during development, recommend expected loss adjustments and guardrails for the final trained models, communicate the benefits and concerns of various technical modeling choices, and influence management decisions related to predictive model usage.

Effective communication with both technical and non-technical audiences is crucial, as is the ability to understand business priorities, translate them into technical requirements, and manage resources efficiently. The ideal candidate will be able to think quickly on their feet in response to management queries. Additionally, the candidate will oversee actuarial documentation, assist with model filings, and contribute to improving team workflows.

The ideal candidate will be located in our NYC location, but other offices will still be considered.

Responsibilities

• Collaborate with various teams to understand, develop, and implement predictive models for pricing, portfolio management, and planning purposes
• Ensure appropriate data adjustments and assumptions are applied during model development
• Challenge the model and communicate their strengths and weaknesses to stakeholders
• Validate models for their intended purpose and establish usage guardrails
• Communicate with business and technical stakeholders to ensure transparency and common understanding of goals and prioritization
• Drive decisions and alignment around model rollout, monitoring, and addressing potential misuse
• Maintain good rapport with stakeholders and promptly resolve inquiries and requests
• Ensure a functioning feedback loop among all stakeholders
• Provide input on cross-departmental steering committees for strategic projects
• Maintain an up-to-date understanding of the insurance landscape, emerging trends, data science concepts, and new technologies impacting pricing models
• Foster a strong risk management culture by maintaining model documentation, managing change management processes, and adhering to established model governance policies and best practices for data and code management
• Supervise and develop junior staff, fostering strong actuarial practices and engagement
• Develop and enhance team processes to be effective, repeatable, and scalable
• Serve as an actuarial modeling expert by providing technical model support and relevant training to other actuaries and underwriters within the organization

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, or a related field
• 5+ years of actuarial pricing experience, ideally in small commercial insurance
• ACAS or FCAS designation and in good standing with the Casualty Actuarial Society
• Strong data exploration and manipulation skills, ideally in SQL, R, or Python
• Solid understanding of statistical methods applied to insurance data, with the ability to identify and articulate data and modeling issues
• Experience with modern machine learning technologies
• Proven ability to build consensus and drive large-scale projects to conclusion
• Ability to build a sense of trust and rapport that creates an effective workplace
• Excellent problem-solving skills and attention to detail
• Demonstrated ability to experiment with and learn new technologies

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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.