Reinsurance – Pricing Actuary-Cincinnati Financial Corporation

Job Description

Job Title: Reinsurance – Pricing Actuary

Company: Cincinnati Financial Corporation

Location: Fairfield, OH

Pay: $75000 – 140000 per year

AI Pay Analysis: The hourly rate equivalent for an annual salary of $75,000 to $140,000 falls roughly between $36 and $67 per hour. For a Pricing Actuary in the reinsurance sector, this range is generally competitive and aligns with industry standards, particularly in Fairfield, OH. Actuaries in this field typically earn substantial salaries due to their specialized skills; entry-level positions often start around $65,000 annually, while experienced professionals can earn upwards of $125,000 or more, especially with advanced qualifications and experience. This makes the offered range attractive, particularly within the mid-career bracket, suggesting that it is a competitive compensation package for this region and role.

Job description:
Build your future with us. Cincinnati Re is seeking a talented individual to join our analytics team in support of treaty reinsurance pricing. The ideal candidate will possess a robust quantitative background along with expertise in property and casualty reinsurance. Exceptional communication, strong project management, and analytical skills are essential, as well as the ability to thrive in a fast-paced environment.

The compensation for this position ranges from $75,000.00 to $140,000.00 annually. This determination is based on the applicant’s education, experience, location, knowledge, skills, and abilities. Eligible associates may also receive annual cash bonuses and stock incentives, contingent on both company and individual performance.

Key responsibilities include:

– Supporting the evaluation and pricing of reinsurance opportunities, collaborating closely with reinsurance underwriters to analyze contracts, develop loss costs, quantify the impact of contract features, assess capital requirements, and understand key risk drivers.
– Performing actuarial pricing, including experience rating and exposure rating of subject business.
– Conducting stochastic and financial modeling of transactions.
– Assisting in the development and maintenance of pricing models.
– Collaborating with members of the broader reinsurance team.
– Meeting externally with current and prospective clients.
– Participating in special projects as required.

Qualifications:

Candidates should be equipped with:

– A motivated, self-directed mindset and the ability to work collaboratively within a team.
– Excellent written and verbal communication skills.
– Strong organizational skills with experience in time and project management.
– Availability to travel for internal meetings (4-8 trips per year).
– Availability for client meetings (2-6 trips per year).

Desired Skills:

– High proficiency in Microsoft Excel; experience with SQL Server and VBA is a plus.

Location:

– The preferred location is Cincinnati, OH, although candidates from remote locations will be considered if they can travel for internal and external meetings.

Education and Experience:

Candidates should have:

– A bachelor’s degree.
– Status as an actuarial student or be a near-credentialed property and casualty actuary (ACAS or FCAS).
– A minimum of 5 years of experience in commercial lines, including general liability, auto, property, and professional lines.
– At least 2 years of preferred experience in property/casualty reinsurance pricing.

Enjoy benefits and amenities:

Your commitment to delivering exceptional service, sharing best practices, and creating impactful solutions is valued. To enhance the well-being and satisfaction of our associates, we offer a comprehensive range of benefits and amenities.

Embrace a diverse team:

As a relationship-driven organization, we celebrate and value diversity in our workforce. We are an equal employment opportunity employer, providing equal opportunities to all qualified individuals without discrimination based on race, creed, color, sex (including sexual orientation, gender identity, and transgender status), religion, national origin, age, disability, military service, veteran status, pregnancy, AIDS/HIV or genetic information, or any other legally protected status.

Job Posting Date: Sun, 06 Apr 2025 05:02:07 GMT

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