Essential Duties:
- Analyze the profitability of treaty reinsurance submissions
- Support team of Actuaries and Underwriters in the evaluation of submissions for the placement of reinsurance coverage for various lines of business and products
- Create and improve reporting processes for the Accident and Health book of business
- Support the development of pricing indications
- Update pricing models parameters, including trends, increased limit factors, and development data using all available information
- Provide price monitoring information on bound accounts for subsequent loss reserve analysis
- Clear, precise, effective communication with internal actuaries, senior management, and clients
- Maintain familiarity with insurance industry developments that impact underwriting and pricing analysis
- Perform other related duties as required to achieve the goals and objectives of the company and department
- Document underwriting files and generate performance reports
- Analyze claims and quantify losses
- Review financial statements and ratios used in risk analysis
- Quantify risks based on claims experience history and forecasting methods
- Interest in multiple lines of Accident and Health business including reinsurance pricing, coverage, and external factors that would affect profitability
- Comprehend complex data sets and the creativity to reach sound conclusions with available information
- Maintain confidentiality of company-sensitive data and Personal Health Information
- Perform other related duties as required to achieve the goals and objectives of the company and department
- Strong mathematical and analytical skills
- Strong proficiency in Microsoft Excel
- Microsoft Excel VBA coding skills a plus
Office Location:
This position is based out of the Stamford, CT Odyssey Re office and the Employee will be required to work out of the office a minimum of three days per week.
Education & Experience:
Bachelor's degree in actuarial science, mathematics, or similar field
Knowledge of the Accident & Health and reinsurance industries as it pertains to coverages, rate making process, risk exposures, and contracts a plus
No experience necessary, 0-3 years in the insurance industry acceptable
Minimum 2 Society of Actuaries exams passed
Working towards ASA or FSA designation
Additional Responsibilities:
This position will participate in the Odyssey Re Actuarial Student Program and be subject to salary increases according to the Program. Exam fees and study materials may be eligible for reimbursement, and study time will be provided. Passing of Actuarial exams will be required.
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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.