Manager, Erm Salary at Odyssey Reinsurance Co BETA

How much does an Odyssey Reinsurance Co Manager, Erm make?

As of December 2024, the average annual salary for a Manager, Erm at Odyssey Reinsurance Co is $129,206, which translates to approximately $62 per hour. Salaries for Manager, Erm at Odyssey Reinsurance Co typically range from $113,575 to $145,605, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Odyssey Reinsurance Co Overview

Website:
odysseyre.com
Size:
200 - 500 Employees
Revenue:
$10M - $50M
Industry:
Insurance

Odyssey Re Holdings Corp. and its subsidiaries, collectively referred to as OdysseyRe, is one of the worlds leading providers of reinsurance and specialty insurance. Reinsurance is underwritten through Odyssey Reinsurance Company and specialty insurance is underwritten through Hudson Insurance Company, Hudson Specialty Insurance Company, Hudson Excess Insurance Company, Newline Insurance Company Limited and Newline Syndicate 1218 at Lloyds. With a network of more than 30 offices in 13 countries, OdysseyRe is a global enterprise committed to providing local service. Odyssey Re Holdings Corp. is wholly-owned by Fairfax Financial Holdings Limited.

See similar companies related to Odyssey Reinsurance Co

What Skills Does a person Need at Odyssey Reinsurance Co?

At Odyssey Reinsurance Co, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  4. Operational Risk: Operational risk is "the risk of a change in value caused by the fact that actual losses, incurred for inadequate or failed internal processes, people and systems, or from external events (including legal risk), differ from the expected losses". This definition, adopted by the European Solvency II Directive for insurers, is a variation from that adopted in the Basel II regulations for banks. In October 2014, the Basel Committee on Banking Supervision proposed a revision to its operational risk capital framework that sets out a new standardized approach to replace the basic indicator approach and the standardized approach for calculating operational risk capital. It can also include other classes of risks, such as fraud, security, privacy protection, legal risks, physical (e.g. infrastructure shutdown) or environmental risks. The study of operational risk is a broad discipline, close to good management and quality management.
  5. Risk Assessment: Broadly speaking, a risk assessment is the combined effort of: identifying and analyzing potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. risk analysis); and making judgments "on the tolerability of the risk on the basis of a risk analysis" while considering influencing factors (i.e. risk evaluation).Put in simpler terms, a risk assessment analyzes what can go wrong, how likely it is to happen, what the potential consequences are, and how tolerable the identified risk is. As part of this process, the resulting determination of risk may be expressed in a quantitative or qualitative fashion. The risk assessment is an inherent part of an overall risk management strategy, which attempts to, after a risk assessment, "introduce control measures to eliminate or reduce" any potential risk-related consequences.

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Check more jobs information at Odyssey Reinsurance Co

Job Title Average Odyssey Reinsurance Co Salary Hourly Rate
2 Actuarial Analyst $79,428 $38
3 Assistant Treasurer $184,264 $89
4 Business Analyst $104,075 $50
5 Business Financial Systems Analyst $99,698 $48
6 Chief Executive Officer $849,005 $408
7 Claims Analyst $83,942 $40
8 Director, Pricing $135,816 $65
9 Executive Assistant $87,974 $42
10 Financial Controller $254,122 $122
11 Help Desk Lead $87,751 $42
12 Information Technology Intern $83,651 $40
13 IT Executive $332,303 $160

Hourly Pay at Odyssey Reinsurance Co

The average hourly pay at Odyssey Reinsurance Co for a Manager, Erm is $62 per hour. The location, department, and job description all have an impact on the typical compensation for Odyssey Reinsurance Co positions. The pay range and total remuneration for the job title are shown in the table below. Odyssey Reinsurance Co may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $129,206 look to you?

FAQ about Salary and Jobs at Odyssey Reinsurance Co

1. How much does Odyssey Reinsurance Co pay per hour?
The average hourly pay is $62. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Odyssey Reinsurance Co?
According to the data, the highest approximate salary is about $145,605 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Odyssey Reinsurance Co?
According to the data, the lowest estimated salary is about $113,575 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.