OpportunityWe are seeking a pricing actuary at OdysseyRe, a leading global insurance and reinsurance company. The pricing actuary's primary responsibility is to evaluate and make recommendations on the viability of reinsurance proposals by employing sound actuarial methodologies and business judgement. The role requires close collaboration with the company's underwriters and focus on the lines of Umbrella, General Liability, Commercial Auto, Cyber, and Facultative reinsurance.
OdysseyRe is the reinsurance arm of the Odyssey Group, a global insurance and reinsurance enterprise wholly owned by Fairfax Financial Holdings Limited. OdysseyRe offers a broad range of property, casualty, and specialty reinsurance solutions through a network of branch and representative offices around the world.
This role offers a hybrid working schedule and is based out of New York.
Essential Duties- 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.
Job 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
Preferred- 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
Education / Experience- Bachelor's degree in mathematics or similar field
- Near ACAS designation or greater is preferred
- 5+ years of actuarial experience
