Cincinnati Financial Corp

Reinsurance - Pricing Actuary

Cincinnati Financial Corp$100K — $160K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Actuarial student or credentialed property and casualty actuary (ACAS or FCAS)
  • 2+ years of experience in property/casualty reinsurance pricing
  • 4+ years of experience in commercial or specialty lines pricing such as general liability, auto, property, professional liability, cyber, marine and energy
  • Self-motivated with strong collaborative skills
  • Excellent written and verbal communication skills
  • Strong project management and organizational skills
  • Availability for travel for both internal meetings and client locations

Responsibilities

  • Support evaluation and pricing of reinsurance opportunities
  • Perform actuarial pricing including experience and exposure rating
  • Conduct stochastic and financial modeling of transactions
  • Assist in development and maintenance of pricing models
  • Meet with current and prospective clients
  • Participate in special projects as needed

Benefits

  • Annual cash bonus and stock incentives based on performance
  • Tools and training for lifelong learning in the insurance field
  • Opportunities for professional development
  • Supportive company culture emphasizing strong service and relationships
  • Amenities to enhance associate well-being and job satisfaction
Full Job Description
Start your journey with us

Cincinnati Re is currently seeking an individual to join the analytics team to support treaty reinsurance pricing. Responsibilities include the actuarial pricing and modeling of individual transactions. A strong quantitative and property/casualty reinsurance background is required. Candidate must have excellent communication, strong project management and analytical skills, and the ability to work in a fast-paced environment.

The pay range for this position is $100,000.00 - $160,000.00 annually. The pay determination is based on the applicant's education, experience, location, knowledge, skills, and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance.

Be ready to:

  • 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
  • meet externally with current and prospective clients
  • participate in special projects as needed


Be equipped with:

  • Actuarial student or credentialed property and casualty actuary (ACAS or FCAS).
  • 2+ years of experience in property/casualty reinsurance pricing.
  • 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.
  • 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).


Desired Skills:

  • high proficiency using Microsoft Excel, experience with SQL Server and VBA a plus


Location:

  • preferably in Cincinnati, OH
  • may also consider remote location based on experience, location, and ability to travel for internal and external meetings


Bring education or experience from:

  • a bachelor's degree
  • actuarial student or near-credentialed property and casualty actuary (ACAS or FCAS).
  • 4+ years of experience in commercial or specialty lines such as general liability, auto, property, professional lines, cyber, marine & energy
  • 2+ years of experience in property/casualty reinsurance pricing preferred


Enhance your talents

Providing outstanding service and developing strong relationships with our independent agents are hallmarks of our company. Whether you have experience from another carrier or you're new to the insurance industry, we promote a lifelong learning approach. Cincinnati provides you with the tools and training to be successful and to become a trusted, respected insurance professional - all while enjoying a meaningful career.

Enjoy benefits and amenities

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.

About Cincinnati Financial Corp

Cincinnati Financial Corporation is a property casualty insurance company that primarily operates in the Midwest and Southeastern regions of the United States. The company offers a wide range of insurance products, including personal, commercial, and life insurance. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio. The company has a strong financial position and has consistently paid dividends for over 60 years. Cincinnati Financial Corporation is committed to providing excellent customer service and has received numerous awards for its claims handling and customer satisfaction.
Learn more about Cincinnati Financial Corp
Size
5,166 employees
Market Cap
$16.5 billion
Industry
Net Income
$1.2 billion
Founded
1950
5 Year Trend
+12.1%
Revenue
$7.5 billion
NASDAQ

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