Description

Responsibilities:

This role will manage the pricing department and reinsurance quotes for Optimum Re Insurance, Co.

Management of reinsurance quotes

• Find reinsurance solutions tailored to the client’s needs
• Ensure the proposed reinsurance quote meets Optimum Re’s guidelines
• Ensure the necessary approvals have been obtained on all quotes
• Meet the time service and quality standards

Development of pricing assumptions

• Research internal and external studies to provide guidance on assumptions
• Update or develop new tools to calculate best estimate assumptions
• Recommend new pricing assumptions to senior management

Management of Pricing Department

• Manage, coach, motivate, mentor and foster development of actuarial personnel
• Support pricing personnel in order for them to fulfill their role and responsibilities, and to
• meet their objectives

Actuarial Support

• Act as the in-house actuarial expert
• Respond to actuarial questions and requests from clients
• Provide high level actuarial support to other departments and senior management

Treaties

• Ensure pricing information for all new treaties is provided in a timely manner
• Review all new reinsurance agreements within agreed upon timeframe

Education and Work Experience

• Bachelor’s degree in Actuarial Science or Mathematics
• 7-10 years’ experience in life insurance, including pricing and reinsurance
• Fellow of the Society of Actuaries, or near fellow and member of the American Academy of Actuaries

Qualities and Aptitudes

• Excellent management skills
• Thorough understanding of advanced reinsurance structures
• Experience with GGY Axis pricing software and understanding of cash flow projections
• Advanced knowledge of Excel and other Microsoft Office programs
• Excellent communication skills