Position Summary: The Actuary is responsible for developing pricing indications using Company's methodologies so as to attain an underwriting profit for all business. .
Essential Functions:
- Participates in periodic evaluation of policies' profitability and assignment to reinsurance fund.
- Assists with filing requirements.
- Prepares and coordinates quarterly actuarial reports.
- Communicates with broker/consulting actuary/client actuary when needed.
- Develops pricing indications using Hudson/Odyssey Re methodologies so as to attain an underwriting profit on all business. Prices alternative structures as needed.
- Assists in clearly communicating pricing indications to underwriters/senior company management.
- Participates in underwriting audits at clients' offices.
- Assists with biannual profitability reviews for assigned programs and lines of business.
- Maintains familiarity with crop insurance industry developments impacting pricing analysis.
- Updates pricing models, including trends, expected crop yields, etc.
- Strong mathematical, analytical and computer skills.
- Advanced knowledge of Excel and Access.
- Ability to communicate effectively with all levels within the company, as well as external individuals including brokers, consulting actuaries, and clients.
- Maintains confidentiality of company-sensitive data.
- Keeps supervisor informed of activities and situations, which will impact the achievement of corporate, and department goals and objectives.
- Performs other related duties as required to achieve the goals and objectives of the company and department.
- Knowledge of state rate and form filing procedures.
- Bachelor's degree.
- 3 to 5 exams passed with the intention of attaining CAS designation(s).
- At least three years of experience in a property and casualty actuarial role. Crop insurance experience is not necessary, but would be extremely helpful.
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.