Duties:
- Evaluate and make recommendations on the viability of reinsurance proposals by employing sound actuarial methodologies and business judgement.
- Analyze the profitability of property and casualty treaty and facultative reinsurance opportunities covering energy, construction, environmental and other related lines of business.
- Review, model, and analyze complex submissions within the context of applying the Division's guidelines and standards.
- Advise on proper pricing, terms and conditions and risk factors related to the subject business for individual facultative risks and treaty portfolios.
- Participate in Underwriting Department audits to assist in identifying ceding companies that follow sound underwriting guidelines for risk selection and pricing.
- Enhance traditional pricing methodologies by identifying risk-based return on equity calculations using sound financial theory.
- Maintain clear, precise, effective communication with underwriters, senior management, and external clients.
- Evaluate enterprise risk management capital (ERM) model opining on total return swap modeling, options pricing, CAPM stock modeling, and various value at risk measures for tail event scenarios.
- Evaluate hedging strategies for crop insurance products.
- Evaluate emerging risks from an ERM such as environmental risks (e.g.polyfluoroalkyl substances (PFAS))
- Identify and quantify operational risks as they pertain to capital adequacy.
Job Requirements:
Master's Degree in Engineering, Energy Economics, Mathematics or related field, plus skills (gained through experience, education, or training) in: model development including predictive modeling and data visualization tools; analysis and reporting of financial data; data analytics to create data-driven strategies and solutions for decision-making; quantitative methods of financial risk management including methods for determining default probabilities and company ratings, as well as measuring credit risk, tail event risk and hedging strategies; and derivatives securities including how to utilize models to price and understand options.
Working at
OdysseyRe
Odyssey Group Holdings, Inc. is a leading global insurance and reinsurance company known for its expertise in specialty lines and unique risk solutions. With a strong presence in the insurance market, Odyssey Group Holdings offers innovative insurance products and risk management services to clients worldwide. As an actuary at Odyssey Group Holdings, you'll be part of a talented team that plays a critical role in assessing and managing risks. Actuaries at Odyssey utilize advanced statistical models and data analysis techniques to evaluate risks, develop pricing strategies, and ensure the financial stability of the company's insurance offerings. Collaborating with cross-functional teams, actuaries at Odyssey Group Holdings contribute valuable insights that inform strategic decision-making. Actuaries analyze complex data sets, assess risks, and provide recommendations to help clients navigate unique and challenging risks. Odyssey Group Holdings values professional growth and provides actuaries with ongoing training and development opportunities. Actuaries have the opportunity to enhance their skills, stay at the forefront of industry advancements, and contribute to the success of the company. Join Odyssey Group Holdings' esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, tackle unique risks, and enjoy competitive benefits in a dynamic and innovative work environment.