Position Summary:
Responsible for delivering technology driven business solutions within the reserving team. This includes both maintenance and development of existing reserving products and also leading the implementation of future initiatives.
The role is largely project based and will work closely with a wide range of stakeholders across the business to design, develop and implement solutions.
Responsibilities include:
Responsible for consultation, design, system implementation and on-going management, validation and reporting of technical solutions, (e.g. Stochastic Reserve Risk, Technical Provisions).
Develops, maintains, and supports the processes necessary to establish the reserves and other related values.
Lead project-based work to develop and innovate reserving team products, models and Management Information.
Conducts research to modify and improve reserving methodologies.
Utilize strong data manipulation skills to structure, analyse and interpret RenRe’s wealth of data.
Understand and work with (often complex) reinsurance products.
Facilitate communication between technical specialists (e.g. IT, developers) and business users (e.g. underwriting, finance, investments).
Engage with external counterparties, including consultants and auditors.
Respond to questions and provides training for individuals in the team and external auditors and actuaries where required on our processes, systems and technologies.
Maintains a high level of expertise and product knowledge to serve as a resource for clients and staff.
Maintains ongoing, self-directed professional development and study and assists in the development of others.
Complete ad hoc assignments, as needed.
Qualifications, Skills, Experience:
•A university/college degree in a quantitative discipline such as actuarial science, finance, science, economics or engineering
•Actuarial designation (FCAS/FIA designation)
•Must have at least 8 years of professional actuarial (P&C) experience with at least 2 years of reinsurance.
•Must have an extensive knowledge of loss reserving, and forecasting techniques
•Must have solid understanding of accounting and financial concepts and their impact on re/insurance.
•Experience in the regulatory environment specific to the location of the role.
•Strong knowledge of the latest and most widely accepted and used actuarial reserving techniques for (re)insurance liabilities.
•Exceptional communication skills. Comfortable collaborating with stakeholders with varying backgrounds/specialisms across the business.
•Strong background in data manipulation and analysis.
•Proficient core programming skills – ideally fluent in SQL and one other general programming language (Python, VBA).
• Fluency with core software packages used in reserving (e.g. ResQ, PowerBI)
•Strategic mindset with a clear vision for future initiatives.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
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What We Do
RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving. Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval. We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most. Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild. Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives. RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business
