Life Health Pricing Actuary

Gen Re Group; Toronto; On-site; CAD 228,000 - 314,000; Full time

Job summary

Gen Re, a Berkshire Hathaway subsidiary, invites applications for a Life/Health Pricing Actuary based in Toronto. The role blends technical actuarial work with client-facing quotation production for Life & Health reinsurance, operating across global centers and collaborating with regional teams.

Reporting to the Regional Chief Actuary (Canada), this position supports pricing initiatives, develops complex quotations, and helps drive profitable growth within Canada.

Responsibilities

• Oversees actuarial functions in pricing initiatives, including modeling and preparation of quotations and related materials for clients and stakeholders.
• Interacts with global and regional partners to tailor quotations and support underwriting.
• Defines terms of trade and pricing bases for existing and new life/health lines of business.
• Leads data collection, analytics, and research for pricing, product initiatives and client solutions.
• Collaborates with Canada Chief Actuary and global teams to improve pricing processes and regulatory alignment.

Job description

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.

GenRe currently offers an excellent opportunity for Life Health Pricing Actuary based in our Toronto office located in Toronto'sFinancial District. The role offers the flexibility to split their workweek between a remote location and in-office presence.

Role Description

Reporting to the Regional Chief Actuary (Canada), the Life / Health Pricing Actuary is an integrated and critical member of the Pricing and Research team. The role applies technical actuarial expertise while overseeing the production of quotations for individual and group Life & Health reinsurance business. The Life / Health Pricing Actuary contributes to and supports the team's objectives for the acquisition and management of profitable reinsurance business.

KeyResponsibilities:

• Oversees actuarial functions in support of pricing initiatives including modeling and the preparation of standard and complex quotations and related activities, including basis-setting. Prepares documentation for authorization and sign-off and any related presentation materials for clients, partners and other stakeholders. Interacts with clients in response to pricing queries and resolution of technical issues.
• Interacts with functional partners and colleagues within Segment (US, UK, Ireland, South Africa, US, Australia, NZ & Caribbean) and other global offices to collaborate on bespoke pricing quotations, product offerings or client initiatives, and provides support to other Gen Re offices. Maintains effective working relationships with and provides support to underwriting teams.
• Works collaboratively with Canada Chief Actuary and global colleagues to define Terms of Trade; undertakes relevant research and determines appropriate methodologies for setting general pricing bases for existing and new lines of business.
• Conducts analysis investigations for the purposes of monitoring Gen Re's experiences for quotation purposes. Leads and/or contributes to data collection, analytics and research, as it relates to pricing, product initiatives and client solutions. Performs risk assessments and provides input to product development and process design.
• Leads and/or contributes to strategic initiatives as an integral member of the Pricing and Research team; leverages expertise in actuarial tools and systems (such as AXIS), in data and analytics, machine learning, GLMs, insurtechs and other innovative advancements. Contributes to initiatives that improve operational efficiencies, mitigate risk and align with life and health regulatory frameworks.
• Works collaboratively with the Regional Director to build and maintain relationships with existing clients and to develop new business in Canada. Participates in client meetings, events and marketing initiatives. Maintains a thorough understanding of competitive landscape.
• Shares knowledge and experience with local and international colleagues through the development of thought leadership, in written materials and presentations (eg. Lunch & Learn).

The Life / Health Pricing Actuary role provides an exciting breadth of scope from both a technical and client facing perspective. This mandate combines the best of two worlds: 1) the excitement of getting in on the ground floor of a growing business and 2) the financial backing and support of Berkshire Hathaway. Gen Re has a small company feel, and you'll be an integral member of the Canadian team - what you do will influence clients, impact business and Gen Re's success in Canada.

Location:
Gen Re's offices are located in Toronto'sFinancial District. Gen Re offers employees the flexibility to split their workweek between a remote location and in-office presence.

Salary Range

160,000.00 - 220,000.00 USD

The successful candidate will be paid a competitive compensation package, commensurate with the level, status and responsibilities of the role.

Our Corporate Headquarters Address

General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)