Treaty Pricing Actuary

Shape Your Future with Us

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. Its direct reinsurance companies conduct 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 more than 40 offices, supported by over 2,000 employees worldwide, 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, CT office, or remotely for an appropriately qualified individual.

Role Description

The Treaty Pricing Actuary works with client data to assist underwriters and account executives to evaluate and price various treaty coverage lines and structures. This person would also engage with clients to evaluate trends, pricing adequacy and to solve business problems. Ideally, we are looking for someone who is interested in expanding his/her role to treaty underwriting. The Treaty Underwriter's primary responsibility is to assess, underwrite, price and structure new and renewal treaty business consistent with General Re's risk appetite and profit margin expectations. On-the-job training is anticipated.

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:

• The ability to assess and analyze exposure to loss

• Understanding primary insurance policy coverage

• Understanding of primary insurance rate making

• Ability to evaluate client and product experience

• Capable of interpreting reinsurance treaty language and coverage intent

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

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

• Perform pricing analysis on Treaty reinsurance business in various lines.

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

Role Qualifications and Experience

• 8-10 years of experience in the P&C industry. ACAS/FCAS preferred.

• Familiarity with multiple lines of business including reinsurance pricing issues, coverage issue, and external factors impacting profitability.

• Experience in P&C pricing, preferably reinsurance pricing

• 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.

• Strong math/analytical skills

• Excellent computer proficiency with Microsoft Office Suite

• Knowledge of/ experience with catastrophe models is a plus.

• Self-starter and ability to multi-task.

• Excellent communication and presentation skills

• Some travel expected.

Salary Range

106,000.00 - 178,000.00 USD

The annual base salary range posted represents a broad range of salaries around the U.S. 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 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.