Reinsurance - Pricing Actuary
About The Position
At The Cincinnati Insurance Companies, we put people first and apply the Golden Rule to our daily operations. To put this into action, we’re looking for extraordinary people to join our talented team. Our service-oriented, ethical, knowledgeable, caring associates are the heart of our vision to be the best company serving independent agents. We help protect families and businesses as they work to prevent or recover from a loss. Share your talents to help us reach for continued success as we bring value to the communities we serve and demonstrate that Actions Speak Louder in Person®. If you’re ready to build productive relationships, collaborate within a diverse team, embrace challenges and develop your skills, then Cincinnati may be the place for you. We offer career opportunities where you can contribute and grow. Cincinnati Re is currently seeking an individual to join the actuarial team to support the reinsurance business. Responsibilities include the actuarial pricing of individual transactions and the modeling of transactions. A strong quantitative background and property/casualty reinsurance pricing experience are required.
Requirements
- Actuarial student or credentialed property and casualty actuary (ACAS or FCAS).
- 2+ years of experience in property/casualty reinsurance pricing.
- Must be motivated, self-directed, and have the ability to work in a collaborative team environment.
- Excellent written and verbal communication skills.
- Strong organizational, time and project management experience.
- Availability for travel for internal meetings (4-8 trips per year).
- Availability for travel to meetings at client locations (2-6 trips per year).
- High proficiency using Microsoft Excel, experience with SQL Server and VBA a plus.
Nice To Haves
- 4+ years of experience in commercial or specialty lines pricing desired; such as general liability, auto, property, professional liability, surety, cyber, marine and energy lines.
Responsibilities
- Support the evaluation and pricing of reinsurance opportunities. This includes working with the reinsurance underwriters to analyze contracts, develop loss costs, quantify the impact of contract features, ascertain capital requirements, and provide an understanding of the key risk drivers.
- Perform actuarial pricing including experience rating and exposure rating of subject business.
- Perform stochastic and financial modeling of transactions.
- Provide assistance in the development and maintenance of pricing models.
- Close collaboration with members of the broader reinsurance team.
- Meet externally with current and prospective clients.
- Participate in special projects as needed.
Benefits
- Your commitment to providing strong service, sharing best practices and creating solutions that impact lives is appreciated. To increase the well-being and satisfaction of our associates, we offer a variety of benefits and amenities. Learn more about our benefits and amenities packages.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1,001-5,000 employees
