Reinsurance Pricing Actuary

Company: Cincinnati Insurance Company, Inc.
Location: Terrace Park
Posted on: May 28, 2023

Job Description:

Description:

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. -
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.
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Start your journey with us
Cincinnati Re is currently seeking an individual to join the analytics team to support treaty reinsurance pricing. - 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.
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The starting pay range for this position is $75,000- $165,000 -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. -
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Be ready to\:

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• 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.
  
  Location\:
  
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  • Preferably in Cincinnati, OH.
    
  • Many departments -at our Headquarters in Fairfield, Ohio, offer hybrid work options, empowering associates to work from home several days a week. Depending on your role and responsibilities, hybrid options may be available
    
  • May also consider remote location, provided candidate is able to travel for internal and external meetings.
    
    -Qualification:
    Be equipped with\:
    
    
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    • 5+ years of experience in commercial lines such as general liability, auto, property and professional lines.
      
    • 2+ years of experience in property/casualty reinsurance pricing preferred.
      
    • 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\:
      
      
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      • High proficiency using Microsoft Excel, experience with SQL Server and VBA a plus.
        
        
        
        
        
        
        You've Earned\:
        
        

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        • Bachelor's degree.
          
        • Actuarial student or near-credentialed property and casualty actuary (ACAS or FCAS).
          
          
          
          
          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 ourbenefitsandamenitiespackages. - - -
          
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          Embrace a diverse team
          
          As a relationship-based organization, we welcome and value a diverse workforce. We grant equal employment opportunity to all qualified persons without regard to race; creed; color; sex, including sexual orientation; religion; national origin; age; disability; or any other basis prohibited by lawLearn more about the Federal Employment Notices.

Keywords: Cincinnati Insurance Company, Inc., Cincinnati , Reinsurance Pricing Actuary, Accounting, Auditing , Terrace Park, Ohio