Business Unit Actuary

Gen Re Group; Stamford (CT); Hybrid; USD 155,000 - 260,000; Full time

Job summary

Gen Re (General Re Corporation) in Stamford, CT, offers a hybrid Business Unit Actuary role with 3 days in the office. You will lead IBNR reserve analyses for P&C lines, drive analytics, dashboards, and process improvements, collaborating with underwriting, claims, finance, and IT.

Requires a university degree in actuarial science, statistics or mathematics, 5+ years P&C actuarial experience, ACAS/FCAS preferred, and strong Excel/Access/Power BI plus SQL, VBA, and Python/R skills.

Qualifications

• University degree in actuarial science, statistics or mathematics.
• Five or more years actuarial P&C experience in insurance or reinsurance.
• ACAS or FCAS designation is preferred.
• Fluency in Excel, Access, Power BI; SQL, VBA, and R/Python knowledge highly desirable.

Responsibilities

• Lead reserving analyses for assigned P&C reinsurance lines, including IBNR estimation, reserve reviews, experience analysis, assumption selection, documentation, and communication of results to underwriting, claims, finance, and management.
• Provide contributions to reserving system and process improvement initiatives including involvement in financial and accounting system development.
• Lead the design, development, and ongoing enhancement of reserving dashboards to monitor metrics such as IBNR, loss development, and reserve movements across lines.
• Provide technical/analytical leadership through advanced use of Excel, Access, SQL, Power BI, VBA, R/Python and other tools to improve actuarial processes, reporting, automation, and analysis.
• Partner with IT, Finance, Internal Audit and stakeholders to resolve data quality issues and ensure reserving processes are accurate and well-documented.

Skills

Actuarial analysis

Advanced Excel

Power BI

SQL

VBA

R/Python

Education

University degree in actuarial science, statistics or mathematics

ACAS or FCAS designation preferred

Tools

Excel

Access

Job description

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.

Gen Re currently offers an excellent opportunity for a Business Unit Actuary to work in our Stamford office. This is a hybrid role with 3 days in the office. Remote work arrangements may be considered for appropriately qualified candidate.

Role Description

The Business Unit Actuary will be responsible for leading IBNR reserve analyses for assigned P&C reinsurance lines, including assumption selection, documentation, communication of results, and support for financial, (GAAP and statutory), and management reporting. The role will require regular interaction with underwriting, claims, finance, IT, audit, and management stakeholders, and will include responsibilities for reserving process improvements, actuarial systems, data validation, and special studies.

The following are the primary accountabilities of the position:

• Lead reserving analyses for assigned P&C reinsurance lines, including IBNR estimation, reserve reviews, experience analysis, assumption selection, documentation, and communication of results to underwriting, claims, finance, and management.
• Provide key contributions to reserving system and process improvement initiatives, including involvement in corporate initiatives such as financial and accounting system development.
• Lead the design, development, and ongoing enhancement of reserving dashboards used to monitor key actuarial metrics, including IBNR, loss development, Actual vs. Expected, selected and indicated loss ratios, ultimate loss estimates, premium trends, and reserve movements across assigned lines of business.
• Provide technical and analytical leadership through advanced use of Excel, Access, SQL, Power BI, VBA, R/Python, and other tools to improve actuarial processes, reporting, automation, and analysis. This includes the application of emerging AI technologies.
• Partner with IT, Finance, Internal Audit, external auditors, and business stakeholders to resolve data quality issues, support audit/control requirements, and ensure reserving processes are accurate, repeatable, and well-documented.

Role Qualifications and Experience

• University degree is required. Prefer a major course of study in actuarial science, statistics or mathematics.
• Five or more years actuarial P&C experience in insurance or reinsurance. Reserving experience is a plus.
• ACAS or FCAS designation is preferred.
• Fluency in Excel, Access, Power BI, etc. SQL, VBA, and R/Python knowledge highly desirable.

Salary Range

155,000.00 - 260,000.00 USD

Base pay is one component of our total compensation package. In addition to base salary, employees may be eligible for benefits including medical, dental, and vision coverage, a retirement plan, paid time off, sick leave, holidays, and bonus or incentive compensation, where applicable. The actual rate of pay offered will depend on a variety of factors, including, but not limited to, skills, experience, education, certifications, geographic location, and business needs. The compensation range listed reflects the range the Company reasonably expects to pay for this position at the time of posting.

General Reinsurance Corporation

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

At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability , marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.