Senior Actuary

2 months ago

Stamford, United States Gen Re Full time

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. 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.

Senior Actuary, General Reinsurance Corporation, Stamford, CT

Role Description

Evaluate and monitor rate adequacy for our business segments. Manage or assist in projects addressing weak or shaky spots in our portfolio toward quantifying expected loss and amount at risk. Use internal sources of data, as well as external information, including industry and government data sources, for parameters relevant to pricing (e.g. filed rates, for rate comparisons). Review work done by consultants and client’s actuaries, and provide suggestions and recommendations (peer review). Construct pricing or other models for users to implement pricing initiatives. Provide technical guidance to team members and others. Respond to inquiries from regulators concerning rates and experience (e.g. complete insurance rate filings, scrutinize data call requests). Correspond with potential clients over their furnished historical loss experience, and our treatment of it. Creatively assess ways to apply our expanded technical resources to improve underwriting efficiency and accuracy.

Telecommuting permitted up to 2 days a week.

Full time employment, Monday – Friday, 40 hours per week, $150,779.00 per year.

Role Qualifications and Experience

Bachelor’s degree in Actuarial Science, Mathematics, Economics, or similar quantitative fields, and 2 years post-baccalaureate related work experience.

Of the required experience, must have 2 years of experience in each of the following:

  • Visual Basic Applications (VBA) for both Excel and Access;
  • SQL, R, or Python;
  • Analyzing pricing algorithms to determine an actuarially fair price;
  • Utilizing external data to measure prices of insurance and reinsurance products, including coverage features, endorsements, and exclusions;
  • Building or changing models using Excel and Access.

Must have passed 2 actuarial exams towards the Associate of the Society of Actuaries (ASA) designation.

Domestic travel required up to 2%.

To Apply: Email CV to LDALESIO@genre.com with Job Code Req # 550 in the subject line.

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