We are seeking a pricing actuary at OdysseyRe, a leading global insurance and reinsurance company. The pricing actuary's primary responsibility is to evaluate and make recommendations on the viability of reinsurance proposals by employing sound actuarial methodologies and business judgement. The role requires close collaboration with the company's underwriters.
OdysseyRe is the reinsurance arm of the Odyssey Group, a global insurance and reinsurance enterprise wholly owned by Fairfax Financial Holdings Limited. OdysseyRe offers a broad range of property, casualty, and specialty reinsurance solutions through a network of branch and representative offices around the world.
This role offers a hybrid working schedule.
Essential Duties
- Analyze the profitability of treaty reinsurance opportunities covering a broad range of lines of business including but not limited to property, marine and aviation lines of business.
- Enhance traditional pricing methodologies by identifying and implementing analyses of internal and external data sets.
- Clear, precise, effective communication with underwriters, senior management, and external clients.
- Periodically participate in underwriting audits and client meetings.
- Provide price monitoring information for reporting purposes.
- Maintain familiarity with insurance industry developments affecting pricing analysis.
- Perform other related duties as required to achieve the goals and objectives of the company and department.
Job Requirements
- Property or Casualty (re)insurance pricing experience
- Strong mathematical and analytical skills
- In-depth knowledge of issues for multiple lines of business including reinsurance pricing issues, coverage issues, and external factors that would affect profitability
- Ability to comprehend complex reinsurance submissions and creatively reach sound conclusions
- Ability to communicate effectively with all levels within the company as well as with external clients
- Proficiency in Microsoft Excel
Preferred
- Proficiency in VBA, R, Python, SQL or similar
- Experience with model development including predictive modeling and data visualization tools
Education / Experience
- Bachelor's degree in mathematics or similar field
- Near ACAS designation or greater is preferred
- 5+ years of actuarial experience
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.