Reserving Actuary

Gen Re Group; Stamford (CT); On-site; USD 106,000 - 178,000; Full time

Job summary

General Re Corporation in Stamford, CT, is seeking a Reserving Actuary for a hybrid role with three days in the office weekly. The role focuses on estimating IBNR reserves, analyzing experience reports for P&C lines, and supporting financial reporting and management information needs.

The candidate will perform reserving analyses, document assumptions, and communicate results across actuarial, underwriting, finance, and management stakeholders while pursuing actuarial credentials.

Qualifications

• University degree required in actuarial science, statistics or mathematics.
• 2–5 years actuarial P&C experience in insurance or reinsurance.
• 3+ actuarial exams passed; actively taking exams.
• Strong Excel skills; experience with Access, Power BI, SQL, VBA, R/Python desirable.

Responsibilities

• Support estimation of IBNR reserves and experience report analysis for assigned P&C lines.
• Perform reserving analyses, prepare supporting exhibits and documentation.
• Communicate results to actuarial, underwriting, finance and management stakeholders.
• Support reserving process improvements and actuarial systems.

Education

University degree in actuarial science / statistics / mathematics

Tools

Excel

Access

Power BI

SQL

VBA

R/Python

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 Reserving Actuary to work in our Stamford office. This is a hybrid role with 3 days in the office each week.

Role Description

The Actuary will support the estimation of IBNR reserves and experience report analysis for assigned P&C reinsurance lines in support of Corporate Actuarial Service's mission. The role will include performing reserving analyses, preparing supporting exhibits and documentation, communicating results to line of business partners, and working with Finance in support of financial (GAAP and statutory), and management reporting requirements. The Actuary will also support reserving process improvements, actuarial systems, data validation, and special studies.

The following are the primary accountabilities of the position:

• · Develop an understanding of the IBNR calculation systems, reserving methods, data sources, and reporting processes used within the department.
• · Perform reserving analyses for assigned P&C reinsurance lines, including preparation of loss development reviews, selection and documentation of assumptions, IBNR calculations, and special studies and initiatives.
• · Communicate reserving results, data questions, and emerging observations to actuarial team members and, as appropriate, underwriting, marketing, claims, finance, and management stakeholders.
• · Support financial, and management reporting activities by preparing actuarial inputs, validating data, and assisting with responses to follow-up questions from finance or other stakeholders.
• · Continue progress toward actuarial credentials and apply actuarial exam knowledge to practical reserving, financial reporting, and business problems.
• · Participate in reserving department as well as corporate initiatives such as reserving process improvement and financial/accounting system development.
• · Demonstrate strong analytical and problem-solving ability, attention to detail, communication skills, teamwork, willingness to learn, and the ability to work independently toward practical solutions.

Role Qualifications and Experience

• University degree is required. Prefer a major course of study in actuarial science, statistics or mathematics.
• Two to five years actuarial P&C experience in insurance or reinsurance. Reserving experience is a plus.
• 3+ actuarial exams passed; actively taking exams.
• Strong Excel skills required; experience with Access, Power BI, SQL, VBA, R/Python, or other analytical tools highly desirable.

Salary Range

106,000.00 - 178,000.00 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.