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.
Gen Re currently offers an excellent opportunity for a Pricing Actuary based in our Hartford or Stamford offices. This is a hybrid role
Role Description
The pricing actuary performs pricing, analysis, model development andmaintenance, predictive modeling, and performance metrics reporting. The pricing actuary works with client data toassist underwriters to evaluate and price various coverage lines andstructures. The pricing actuary alsoengages with clients to evaluate trends, pricing adequacy and to solve businessproblems.
The idealcandidate would exhibit the following characteristics: high energy, sense ofurgency, attention to detail and commitment to quality, intellectual curiosity,clear written and oral communication skills for people with varying technicalbackgrounds, open minded but able and willing to defend and advocate for yourconclusions, maintains an analytical approach even where judgment plays a role,comfortable working with great uncertainty and incomplete data, welcomes newlearning opportunities, and adaptable to changing business demands andcircumstances.
This is aninteresting, demanding, and rewarding job.
Primary Responsibilities:
- Parameterizing rating tools.
- Pricing facultative reinsurance opportunities.
- Performing data analysis and analytics that enhance our understanding of the industry and the facultative portfolio of business.
- Developing models or improving current models for both actuarial and underwriter usage.
- Working on project teams as needed.
Role Qualifications and Experience
- At least five years of experience in the P&C industry.
- Experience in P&C primary or 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 recommended.
- 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.
- 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 Address
General Reinsurance Corporation
120 Long Ridge Road
Stamford, CT 06902 (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.