Weare currently offering an excellent opportunity within our North AmericaFacultative (Property and Casualty) business units for a
Pricing Manager. This position can be in Gen Re's home officein 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. Thisposition is a hybrid position with a minimum of 3 days per week in the office.
Role DescriptionThe core objectives of the North America Facultative Pricing Manger are:
- 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.
- Expected to travel to Stamford, CT, or other Facultative branch locations 6-12 times per year to participate in various meetings, training sessions, and departmental discussions.
Underwriting andPricing- 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.
Portfolio Management- 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.
Communication andTraining- 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.
Client ServiceDiscipline- 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.
Role Qualifications and Experience- 10+ years of experience in a technical pricing role, either reinsurance or large account pricing is preferable
ACAS/FCAS designationStrong knowledge and understanding of insurance and reinsurance industry - 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
Salary Range183,000.00 - 306,000.00 USD
The annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
Our Corporate Headquarters AddressGeneral Reinsurance Corporation400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)
