Job Description
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 AA- (Very 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.
About the company
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 rated A+ (Superior) by AM Best and AA- (Very 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.
Position description
The Credit Analyst is responsible for reviewing P&C reinsurer credit risk, managing reinsurer and reinsurance recoverable database, and quarterly reporting of reinsurance accounting information. This role ensures the accurate flow of reinsurance accounting information between globally located business units and the parent company.
Responsibilities and duties
* Evaluate credit risks of over 1,500 P&C reinsurers through research and modeling of credit risk measures.
* Set up and maintain Power BI database and reports.
* Manage a reinsurer profile database of over 1,500 companies.
* Liaise with over twenty-five globally located business units to collect reinsurance recoverable balance and counterparty information on a quarterly basis.
* Create and distribute quarterly reports on reinsurance recoverable balances: database of reinsurer profile and consolidated balances and quarter-over-quarter variance analysis reports.
* Track insurance company corporate actions: mergers and acquisitions, name changes, and operating status changes.
* Track financial strength rating changes by major rating agencies.
* Answer queries from globally located business units.
Qualifications
* Experience in financial or credit analysis, typically gained through 4+ years of relevant work experience.
* Strong analytical, organizational, and problem-solving skills.
* Experience using Microsoft Office applications, including Excel, Word, Access, and Power BI.
* Effective written and verbal communication skills and the ability to collaborate with global stakeholders.
* Experience in the P&C insurance industry and/or reinsurance accounting is preferred.
* Equivalent combinations of education, training, and experience will be considered.
We are an E-Verify employer - all hired positions require successfully passing an E-Verify Check.
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