NA Facultative Pricing Manager

Gen Re Corporation•Boston, MA

8d•$183,000 - $306,000•Hybrid

About The Position

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. We are currently offering an excellent opportunity within our North America Facultative (Property and Casualty) business units for a Pricing Manager. This position can be in Gen Re’s home office in Stamford, CT, or in any of the following Gen Re Facultative branch locations: Hartford, CT, Boston, MA, Philadelphia, PA, New York, NY, Atlanta, GA, Chicago, IL, Dallas, TX, or Los Angeles, CA. This position is a hybrid position with a minimum of 3 days per week in the office.

Requirements

10+ years of experience in a technical pricing role, either reinsurance or large account pricing is preferable
ACAS/FCAS designation
Strong knowledge and understanding of insurance and reinsurance industry
Demonstrated strong technical skills and business acumen
Strong and effective presentation and oral communication skills
Ability to interact with and influence constituents at all levels, internal and external
Comprehensive knowledge of Casualty and Property Lines of Business
Demonstrated team leadership and management skills
Familiarity with Data Science techniques (for example: R, Python, Clustering, GLM, etc)
Ability to adapt standard math and statistical concepts to problem solve unusual cases
Identify and monitor risk and business issues/trends/ (legal, regulatory, social) that impact our business
Ability to proactively make recommendations for action
Strong organizational skills
Ability to perform high quality work both independently and within a team
Oriented towards:Action, Solutions, and Results
Build effective working relationship with management, branches, other business units, and customers
Ability to communicate effectively with all levels within and outside of the organization
Excellent verbal and written communication skills
Ability to remain objective, not being influenced by market conditions.
Stay abreast of industry trends and technology innovations and respond in a timely manner
Ability to effectively manage and modernize Facultative business data requirements
Ability to make decisions without 100% of the facts

Responsibilities

Responsible for managing the development, automation, modernization, and maintenance of Cas Fac and Prop Fac North America pricing tools.
Responsible for managing the development, maintenance, and modernization of all facultative actuarial metrics, data and reporting.
Provides technical analytical support and training to Cas Fac and Prop Fac North America.
Oversees collection and review of rating bureau data and other market data, assessing potential implications to Cas Fac and Prop Fac North America rates, tools and methodologies.
Acts as a liaison to other business unit actuaries, and pricing and reserving associates.
Acts as liaison to Corporate Data & Analytics team to identify and execute research and development opportunities.
Acts as liaison to Corporate IT & AI teams to identify and execute areas for efficiency gains and analysis thru the use of AI.
Interacts with clients in support of underwriting with regards to account pricing, data, and information.
Assists with modernization of Cas Fac and Prop Fac North America data analyses using Power BI.
Looks at the totality of the Cas Fac and Prop Fac North America portfolios, and as a partner with the business unit leader and chief underwriter, thinks strategically about each business unit’s portfolio management.
Lead actuarial expert/resource for all Cas Fac and Prop Fac North America business.
Responsible for providing analysis and interpretive support on Cas Fac and Prop Fac North America Individual Risk and Program business to ensure rate adequacy on a portfolio level as well as occasionally for individual risk transactions.
Design, enhance, and modernize Cas Fac and Prop Fac North America pricing models/tools. This includes technical rating and pricing variables/assumptions, as well as working with the technical team to implement them. Collaborate with Underwriting and Corporate Data & Analytics to build or improve descriptive, diagnostic, and predictive underwriting and rating tools.
Manage the development and maintenance of departmental metrics to ensure the profitability of the Cas Fac and Prop Fac North America portfolios.
Review and interpret department metrics/financials and present analysis to Cas Fac and Prop Fac North America management, as well as Gen Re senior management.
Understand all aspects of corporate reserving and experience reporting for Cas Fac and Prop Fac North America.
Liaison to Corporate Actuarial for Cas Fac and Prop Fac North America, including providing necessary information for establishment of accurate reserves.
Stay current on emerging exposure and coverage issues, assessing potential impact on the Cas Fac and Prop Fac North America portfolios, and formulate actuarial responses where appropriate.
Provide quarterly analysis of Cas Fac and Prop Fac North America actuarial activity and initiatives to the BU Heads and Chief Underwriters.
Assess the need for, and implement, new/updated Facultative reporting.
Identify Cas Fac and Prop Fac North America departmental training needs and participate as needed.
Communicate/coordinate with other business unit Actuaries and Underwriters as well as claims staff, as appropriate.
Assist with and may attend technical marketing presentations to clients or prospects.
When requested, and in conjunction with underwriting, present our general and book/risk specific pricing and actuarial assumptions and assessments to clients.
Support departmental initiatives from technical/actuarial perspective.