Actuarial Associate, Reserving

Odyssey Reinsurance Company (OdysseyRe) is the global reinsurance arm of Odyssey Group, one of the world’s leading providers of reinsurance and specialty insurance. OdysseyRe offers a broad range of property, casualty, and specialty reinsurance products, providing capital and risk management solutions for clients to efficiently manage economic risk, through a network of branch and representative offices across North America, Latin America, EMEA (Europe, Middle East & Africa), AsiaPacific and London.

OdysseyRe is an equal opportunity employer with excellent benefits and a strong commitment to providing training and opportunities for our staff. We provide employees an innovative, enriching environment and take great pride in their career growth.

OdysseyRe is rated A+ (Superior) by AM Best and A+ (Strong) by Standard and Poor’s. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, which is traded on the Toronto Stock Exchange under the symbol FFH.

Odyssey Reinsurance Company offers a broad range of property, casualty, and specialty reinsurance solutions through a network of 14 offices around the world. Odyssey Reinsurance Company is the reinsurance arm of the Odyssey Group, a global (re)insurance enterprise wholly-owned by Fairfax Financial Holdings Limited. Reinsurers are part of the financial services industry, providing capital and risk management solutions for clients (mostly insurance companies) to efficiently manage economic risk. Odyssey’s underwriting teams are the revenue generating, customer facing specialists critical to its success.

We are committed to developing future leaders of our organization and are seeking recent college graduates who are invested in establishing and developing their Actuarial career. 

Qualified candidates will participate in the following:

• Two-week Reinsurance Fundamentals course
• Tools, resources and monetary incentives to obtain an actuarial designation through The Casualty Actuarial Society.

Essential Functions

• Gain a solid understanding of Odyssey’s actuarial philosophy, values and mission

• Create and cultivate relationships throughout the organization
• Work alongside with actuaries and underwriters to analyze treaty reinsurance submissions
• Obtain, update and verify data for the ORH Group annual reserve analyses by effectively interacting with Reinsurance Accounting, Claims and Underwriting departments
• Assist with the preparation of ORH Group reserve analyses
• Obtain, update and verify data for quarterly roll forward of reserve analyses, and implement changes to loss ratios as approved by the Chief Reserving Actuary
• Prepare quarterly reserve/roll forward documentation and confer with Chief Reserving Actuary regarding same
• Prepare analyses from various divisional databases to support management’s review of individual claim reserving
• Support completion of GAAP and statutory filings, i.e. quarterly and annual statements
• Work on special projects within the department, as necessary

Skills, Knowledge & Ability:

• Effective analytical and problem-solving skills; heavy focus on mathematical coursework a plus
• Exceptional presentation and communication skills, both verbal and written
• Excellent interpersonal skills, including an ability to influence, overcome obstacles and develop positive business relationships
• Strong attention to detail
• Demonstrated ability to work as part of a team
• Proficiency in MS Word, Excel, PowerPoint, and Outlook (experience with R, Python, or SQL also recommended)
• Discretion in handling confidential/sensitive information
• Strong organizational and time management skills with the ability to multi task/prioritize
• A self-starter and entrepreneurial mindset
• Ability to exercise good judgement and decision-making
• Sustain a good attitude and willingness to learn, develop and grow professionally

Education/Experience:

• Bachelor degree in a related field, with a minimum GPA of 3.0
• Internship/work experience during college years
• Completion of P, FM a plus

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