ILS Actuary

Hiscox; City of London; On-site; GBP 75,000 - 95,000; Full time

Job summary

An international insurance firm is seeking a Mid-Senior level candidate to work with Portfolio Managers and Underwriters to build and manage diversified risk portfolios. The ideal candidate will be a Fellow of the Institute of Actuaries with substantial experience in the reinsurance market. Responsibilities include fund valuation, team management, and liaising with external actuaries. Strong communication and mathematical skills are essential.

Qualifications

• At least five years post qualification experience.
• Experience in Reserving, Pricing, Capital and Exposure Management.
• Ability to lead and develop team members.

Responsibilities

• Construct diverse risk portfolios with Portfolio Managers.
• Establish fund valuation processes and policies.
• Manage and mentor actuarial and risk team members.

Skills

Fellow of the Institute of Actuaries or equivalent

Extensive technical experience in reinsurance

Confident communicator

Strong mathematical skills

Proficiency in Python, SQL, ResQ, Tableau

Education

Fellow of the Institute of Actuaries or equivalent certification

Tools

Python

SQL

ResQ

Tableau

Job description

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Job Specifications

Job Type: Permanent

Responsibilities

• Work with Portfolio Managers and Hiscox Underwriters to construct efficient and diversified portfolios of risk that are appropriate for the different risk profiles of our Capital Partners and Funds.
• Establish and monitor collateral requirements and capital release mechanisms for new and existing Hiscox Capital Partner Investment vehicles having regard to the volatility and claims settlement profile of the underlying reinsurance business.
• Establish and administer all aspects of fund valuation including establishing appropriate policies, procedures and systems required for monthly valuation of the funds.
• Advise the ILS Valuation Committee on the appropriate valuation methodology, parameters, event specific IBNR and uncertainty related to the fund valuation.
• Liaise with external actuaries to provide data and analysis in support of the actuarial opinion.
• Support the ILS Portfolio managers and Hiscox Capital Partners business development team in interactions with existing and potential investors and capital partners.
• Manage, mentor and develop members of the actuarial and risk team as appropriate.

Qualifications

• Fellow of the Institute of Actuaries or equivalent certification with at least five years post qualification experience.
• Extensive technical experience within reinsurance market in Reserving, Pricing, Capital and Exposure Management.
• Demonstrate a challenging and constructive commercial outlook with ability to question the status quo.
• Self‑motivated, driven and able to lead and gain the commitment of others.
• Proven track record of constantly seeking to improve systems and processes.
• Confident communicator with the ability to build strong relationships and influence decision making.
• Strong mathematical skills with experience in reserving, catastrophe and capital modelling, computer coding tools – Python, SQL, ResQ, Tableau or PowerBI. Experience with catastrophe modelling software from Verisk and Moodys. Familiarity with Analyze Re, Dataiku and Snowflake is an advantage.

About Hiscox Re & ILS

Hiscox Re & ILS is the reinsurance and insurance‑linked strategy (ILS) business unit within Hiscox Group. Our team of circa 120 curious and collaborative individuals are committed to providing top quality service to brokers, clients, quota‑sharing partners and ILS investors through an innovative range of reinsurance products and third‑party capital opportunities. Our focused and discerning underwriting approach is complemented by a commitment to world‑class service, and the ability to offer creative solutions to complex problems. We know our people are our biggest asset so finding and retaining top talent is crucial for every role. Find out more at www.hiscoxre.com.

Work with amazing people and be part of a unique culture.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Finance and Sales

Industries

Insurance

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