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Actuary – Toronto

About 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. Its direct reinsurance companies conduct 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 more than 40 offices, we have earned superior financial strength ratings from each of the major rating agencies.

Gen Re’s has made the decision to write life and health reinsurance business in the Canadian marketplace through its’ Canada Branch. This role combines the best of two worlds: 1) the excitement of a start-up opportunity where someone can get in on the ground floor and 2) the financial backing and support of Berkshire Hathaway.

Gen Re Life/Health in Canada is currently offering an excellent opportunity for an Actuary in our Toronto, Canada office.

Your Role:

This role is within the Pricing and Research team. The team is responsible for the acquisition and management of profitable reinsurance business for Gen Re’s Life/Health operations in Canada, as well as conducting wider research to support client and strategic initiatives.

This is a varied role giving the incumbent breadth of scope from both a technical and client facing perspective within Gen Re Canada. The role includes producing quotations for individual and group life and health reinsurance business, providing technical actuarial expertise on existing treaties and well as more general pricing research work. There will be client contact and interaction with other departments in the U.K., South Africa and U.S. offices.

Job Description:

  • Preparing quotations for individual and group reinsurance business, including basis-setting, obtaining sign off and production of premium rates.
  • Conducting of experience analysis investigations for the purposes of monitoring Gen Re’s own experience and for quotation purposes.
  • Undertaking research to set general pricing bases (Terms of Trade).
  • Giving risk management input to product and process design.
  • Client interaction and resolving technical issues for clients.
  • Giving presentations at seminars and writing technical articles.
  • Occasional support for other Gen Re offices.

Experience/Qualifications:

  • Qualified Actuary, FSA, FCIA desired
  • At least 3 years’ post-Fellowship experience in an insurance or reinsurance environment in roles involving any of pricing, product development product and/or protection insurance.
  • Reinsurance pricing experience in Canada, the U.K. or the U.S. Individual Insurance markets a plus.
  • Excellent skills in statistical and financial modelling.
  • Experience with Generalized Linear Models and other advanced statistical techniques.
  • Proficient user of MS Excel and MS Access.
  • Proficient user of GGY AXIS or similar modelling software.
  • Strong numerical and analytical skills.
  • Excellent risk management and commercial awareness.
  • Enquiring mind.
  • Proactive and able to work with minimum supervision.
  • Ability to prioritize, while remaining flexible to deal with changing work demands.
  • Strong verbal and written communication skills.
  • Ability to summarize complex information clearly and concisely.
  • Strong interpersonal skills with an ability to work effectively as part of a team, deal with people at all levels and in all areas of the business and engage with clients.
  • Must enjoy a collaborative approach to solving problems and working with others.
  • Some travel required

Contact:

Linda Dalesio, Human Resources
ldalesio@genre.com

Our Address:

1 First Canadian Place Suite 5705
PO Box 471
Toronto, ON M5X 1E4 (Canada)

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