What are the responsibilities and job description for the Reinsurance Pricing Actuary position at OdysseyRe?
Odyssey Reinsurance Company (OdysseyRe) is the global reinsurance arm of Odyssey Group, one of the world’s leading providers of reinsurance and specialty insurance. OdysseyRe offers a broad range of property, casualty, and specialty reinsurance products, providing capital and risk management solutions for clients to efficiently manage economic risk through a network of branch and representative offices across North America, Latin America, EMEA (Europe, Middle East & Africa), AsiaPacific and London.
OdysseyRe is an equal opportunity employer with excellent benefits and a strong commitment to providing training and opportunities for our staff. We provide employees an innovative, enriching environment and take great pride in their career growth.
OdysseyRe is rated A (Superior) by AM Best and AA- (Very Strong) by Standard and Poor’s. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, which is traded on the Toronto Stock Exchange under the symbol FFH.
Opportunity
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 and focus on the lines of Umbrella, General Liability, Commercial Auto, Cyber, and Facultative reinsurance.
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 and is based out of New York.
Essential Duties
Navigate the links below to learn more about careers at OdysseyRe.
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OdysseyRe is an equal opportunity employer with excellent benefits and a strong commitment to providing training and opportunities for our staff. We provide employees an innovative, enriching environment and take great pride in their career growth.
OdysseyRe is rated A (Superior) by AM Best and AA- (Very Strong) by Standard and Poor’s. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, which is traded on the Toronto Stock Exchange under the symbol FFH.
Opportunity
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 and focus on the lines of Umbrella, General Liability, Commercial Auto, Cyber, and Facultative reinsurance.
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 and is based out of New York.
Essential Duties
- Analyze the profitability of treaty reinsurance opportunities covering a broad range of lines of business including but not limited to Umbrella, Commercial Auto, General Liability, Cyber, and facultative lines of business.
- Enhance traditional pricing methodologies by identifying and implementing analyses of internal and external data sets.
- Continuously evaluate and improve existing pricing processes, methodologies, and tools to enhance efficiency, consistency, and analytical effectiveness.
- Clear, precise, effective communication with underwriters, senior management, and external clients.
- Periodically participate in underwriting audits and client meetings.
- 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.
- 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
- Casualty reinsurance pricing experience
- Proficiency in R, Python, SQL or similar
- Experience with model development and data visualization tools
- Comfort experimenting with AI tools including LLMs, emerging AI driven workflow technologies, and modern model building techniques to streamline analysis, enhance documentation, or automate routine actuarial tasks
- Bachelor’s degree in mathematics or similar field
- Near ACAS designation or greater is preferred
- 5 years of actuarial experience
Navigate the links below to learn more about careers at OdysseyRe.
Workplace Initiatives
Career Areas for Professionals
A Rewarding Workplace
Follow us on LinkedIn for company highlights