Reinsurance Pricing Actuary

Odyssey•New York, NY

1d•Hybrid

About The Position

Odyssey Reinsurance Company (OdysseyRe) is seeking a pricing actuary to evaluate and make recommendations on the viability of reinsurance proposals. This role involves employing sound actuarial methodologies and business judgment, with close collaboration with underwriters. The focus will be on lines of Umbrella, General Liability, Commercial Auto, Cyber, and Facultative reinsurance. OdysseyRe is the reinsurance arm of the Odyssey Group, a global enterprise owned by Fairfax Financial Holdings Limited, offering a wide range of property, casualty, and specialty reinsurance solutions worldwide. This position offers a hybrid working schedule and is based in New York.

Requirements

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

Nice To Haves

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

Responsibilities

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.