Treaty Pricing Actuary - Stamford, United States - Gen Re

Gen Re

Verified Company

Stamford, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

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.

Its direct reinsurance companies conduct 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 more than 40 offices, supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.

Gen Re currently offers an excellent opportunity for
Treaty Pricing Actuary to work in our
Stamford, CT office, or remotely for an appropriately qualified individual.

Role Description

The Treaty Pricing Actuary works with client data to assist underwriters and account executives to evaluate and price various treaty coverage lines and structures.

This person would also engage with clients to evaluate trends, pricing adequacy and to solve business problems. Ideally, we are looking for someone who is interested in expanding his/her role to treaty underwriting.

The Treaty Underwriter's primary responsibility is to assess, underwrite, price and structure new and renewal treaty business consistent with General Re's risk appetite and profit margin expectations.

On-the-job training is anticipated.

Primary Responsibilities:

Demonstrate technical capabilities, which include:

The ability to assess and analyze exposure to loss
Understanding primary insurance policy coverage
Understanding of primary insurance rate making
Ability to evaluate client and product experience
Capable of interpreting reinsurance treaty language and coverage intent
Ability to determine reinsurance pricing based on model outputs, and interaction with members of the account team.
Insurance company financial statement knowledge and how financials relate to reinsurance purchasing decision
Perform pricing analysis on Treaty reinsurance business in various lines.
Perform data analysis and develop analytics that enhance our understanding of the industry and of our clients.

Role Qualifications and Experience

810 years of experience in the P&C industry. ACAS/FCAS preferred.
Familiarity with multiple lines of business including reinsurance pricing issues, coverage issue, and external factors impacting profitability.
Experience in P&C pricing, preferably reinsurance pricing
Demonstrated ability to work effectively within differing team structures.
Demonstrated ability to work calmly and effectively under time constraints.
Strong time management and organizational skills. Attention to detail.
Strong math/analytical skills
Excellent computer proficiency with Microsoft Office Suite
Knowledge of/ experience with catastrophe models is a plus.
Selfstarter and ability to multitask.
Excellent communication and presentation skills
Some travel expected.