Pricing Actuary
Faraday, Stamford, CT, United States
Shape Your Future With Us
General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.
GenRe currently offers an excellent opportunity for a Pricing Actuary based in our Stamford office. This is a hybrid role requiring three days in the office. Remote working will be considered for the right candidate.
Role Description The Treaty Pricing Actuary performs pricing, analysis, model development and maintenance, predictive modeling, industry analysis and performance metrics reporting. The pricing actuary works with client data to assist underwriters and account executives to evaluate and price various treaty coverage lines and structures. The pricing actuary also engages with clients to evaluate trends, pricing adequacy and to solve business problems.
The ideal candidate would exhibit the following characteristics: high energy, sense of urgency, attention to detail and commitment to quality, intellectual curiosity, clear written and oral communication skills for people with varying technical backgrounds, open minded but able and willing to defend and advocate for your conclusions, maintains an analytical approach even where judgment plays a role, comfortable working with great uncertainty and incomplete data, welcomes new learning opportunities, and adaptable to changing business demands and circumstances.
This is an interesting, demanding, and rewarding job.
Primary Responsibilities
Developing models or improving current models for both actuarial and underwriter usage, as business needs arise.
Performing data analysis and analytics that enhance our understanding of the industry and of our clients.
Working on project teams as needed.
Parameterizing rating tools.
Pricing treaty reinsurance opportunities.
Working with marketers and underwriters in a collaborative setting to meet client needs.
Role Qualifications and Experience
At least five years of experience in the P&C industry.
Experience in P&C reinsurance pricing or large account primary insurance pricing.
Familiarity with reinsurance pricing issues, coverage issues, and external factors that would affect profitability for multiple lines of business.
High proficiency with Microsoft Office Suite is required.
Programming experience in VBA, R, Python, SQL or similar.
Experience working with relational databases such as Oracle or SQL Server is required.
Demonstrates excellent problem-solving skills.
Experience developing actuarial models.
Ability to work on multiple projects at the same time.
Professional integrity: honest, open, committed, makes good on promises.
At least three exams passed and committed to attaining FCAS.
Bachelor’s degree in math, actuarial science, or related field.
Predictive Modeling experience is desirable but not required.
Salary Range 106,000.00 - 178,000.00 USD
The annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
Our Corporate Headquarters Address General Reinsurance Corporation 400 Atlantic Street, 9th Floor Stamford, CT 06901 (US)
At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability, marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.
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Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.
GenRe currently offers an excellent opportunity for a Pricing Actuary based in our Stamford office. This is a hybrid role requiring three days in the office. Remote working will be considered for the right candidate.
Role Description The Treaty Pricing Actuary performs pricing, analysis, model development and maintenance, predictive modeling, industry analysis and performance metrics reporting. The pricing actuary works with client data to assist underwriters and account executives to evaluate and price various treaty coverage lines and structures. The pricing actuary also engages with clients to evaluate trends, pricing adequacy and to solve business problems.
The ideal candidate would exhibit the following characteristics: high energy, sense of urgency, attention to detail and commitment to quality, intellectual curiosity, clear written and oral communication skills for people with varying technical backgrounds, open minded but able and willing to defend and advocate for your conclusions, maintains an analytical approach even where judgment plays a role, comfortable working with great uncertainty and incomplete data, welcomes new learning opportunities, and adaptable to changing business demands and circumstances.
This is an interesting, demanding, and rewarding job.
Primary Responsibilities
Developing models or improving current models for both actuarial and underwriter usage, as business needs arise.
Performing data analysis and analytics that enhance our understanding of the industry and of our clients.
Working on project teams as needed.
Parameterizing rating tools.
Pricing treaty reinsurance opportunities.
Working with marketers and underwriters in a collaborative setting to meet client needs.
Role Qualifications and Experience
At least five years of experience in the P&C industry.
Experience in P&C reinsurance pricing or large account primary insurance pricing.
Familiarity with reinsurance pricing issues, coverage issues, and external factors that would affect profitability for multiple lines of business.
High proficiency with Microsoft Office Suite is required.
Programming experience in VBA, R, Python, SQL or similar.
Experience working with relational databases such as Oracle or SQL Server is required.
Demonstrates excellent problem-solving skills.
Experience developing actuarial models.
Ability to work on multiple projects at the same time.
Professional integrity: honest, open, committed, makes good on promises.
At least three exams passed and committed to attaining FCAS.
Bachelor’s degree in math, actuarial science, or related field.
Predictive Modeling experience is desirable but not required.
Salary Range 106,000.00 - 178,000.00 USD
The annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
Our Corporate Headquarters Address General Reinsurance Corporation 400 Atlantic Street, 9th Floor Stamford, CT 06901 (US)
At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability, marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.
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