Applied Quant Developer — Reinsurance & Capital Markets

Hanover; Slough; On-site; GBP 90,000 - 120,000; Full time

Job summary

Hanover in the UK seeks an academically strong quant developer with a master's or higher in maths, physics, theoretical physics, or engineering. The role involves building computational models for reinsurance layers, discounted cashflow curves, and capital platform risk measures.

Candidates with coding ability and deep mathematical understanding are preferred; reinsurance experience is not essential but helpful. Office-based role in the UK with limited sponsorship prospects.

Qualifications

• Requires a strong mathematical background and ability to design computational models.
• Experience with quantitative analysis and development in a finance context is advantageous.
• Development/coding experience is valuable, but deep mathematics and theory are essential.

Responsibilities

• Design a computational model applying reinsurance layers to simulation files.
• Derive discounted cashflow curves for non-uniform business patterns.
• Model premium receipts, collateral funding, and timing uncertainty; compute expected return and loss timing sensitivity.
• Review capital allocation approaches and literature, and compare to alternatives.
• Review risk measures and portfolio optimisation algorithms; propose effective methods for capital platforms.
• Evaluate modern infrastructure as code (Azure) for dev, UAT, and prod environments.

Skills

Mathematical modeling

Numerical methods

Quantitative finance

Education

Masters in maths/physics/engineering

Tools

Azure

Terraform

Job description

Hanover in the UK seeks an academically strong quant developer with a master's or higher in maths, physics, theoretical physics, or engineering. The role involves building computational models for reinsurance layers, discounted cashflow curves, and capital platform risk measures.

Candidates with coding ability and deep mathematical understanding are preferred; reinsurance experience is not essential but helpful. Office-based role in the UK with limited sponsorship prospects.