Treaty Pricing Actuary

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 Treaty Pricing Actuary to work in our Stamford office. This is a hybrid role with 3 days in the office and 2 days remote.

Role Description

The Treaty Pricing Actuary works with client data to support underwriters and account executives in evaluating and pricing a range of treaty coverages and structures. The role also engages directly with clients to assess trends, test pricing adequacy, and solve business problems.

The candidate would exhibit the following characteristics: High energy, responds with a sense of urgency, has attention to detail and commitment to quality, intellectual curiosity, clear written and oral communication skills for people with varying technical backgrounds, is open minded but able and willing to defend and advocate for your conclusions, maintains an analytic approach even where judgment plays a role, is comfortable working with great uncertainty and incomplete data, welcomes new learning opportunities, and is adaptable to changing business demands and circumstances.

Primary Responsibilities:

· Demonstrate technical capabilities, which include:

o The ability to assess and analyze exposure to loss

o Understanding primary insurance policy coverage

o Understanding of primary insurance rate making

o Ability to evaluate client and product experience

o Experience with aggregate and stochastic loss models using frequency and severity distributions, and run stress tests and forecasts to assess treaty profitability and volatility

o Capable of interpreting reinsurance treaty language and coverage intent

o Ability to determine reinsurance pricing based on model outputs, and interaction with members of the account team

o Insurance company financial statement knowledge and how financials relate to reinsurance purchasing decision

· Perform pricing analysis across proportional and non-proportional structures - quota share, surplus share, and excess of loss

· Perform data analysis and develop analytics that enhance our understanding of the industry and of our clients.

Role Qualifications and Experience

• We welcome candidates across a range of experience levels; however, a minimum of 8 years of relevant experience is required in insurance/reinsurance industry. ACAS/FCAS preferred.
• Experience in P&C pricing, preferably reinsurance pricing. Casualty lines experience is preferred.
• Demonstrated ability to work effectively within differing team structures.
• Demonstrated ability to work calmly and effectively under time constraints.
• Strong time management and organizational skills. Attention to detail.
• Excellent computer proficiency with Microsoft Office Suite
• Proficiency with statistical or data-analysis language such as R, Python, or SQL is a plus
• Knowledge of/ experience with catastrophe models is a plus.
• Self-starter and ability to multi-task.
• Excellent communication and presentation skills.

Salary Range

150,000.00 - 250,000.00 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 Corporate Headquarters Address

General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (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.