ILS Actuary

Hiscox; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading reinsurance company in Greater London is looking for an ILS Actuary. The role involves actuarial support for the Capital Partners team, constructing diversified portfolios, and advising on fund valuation methodologies. Successful candidates will hold an actuarial credential and have extensive experience within the reinsurance market. They will be self-motivated communicators with strong mathematical skills, proficient in various coding tools. The position offers the chance to work in a dynamic environment with a collaborative culture.

Qualifications

• At least five years post-qualification experience in actuarial roles.
• Extensive technical experience in the reinsurance market covering reserving, pricing, capital, and exposure management.
• A proven ability to continuously seek improvements within systems and processes.

Responsibilities

• Construct efficient portfolios of risk for Capital Partners and Funds.
• Establish and monitor capital release mechanisms for investment vehicles.
• Advise on appropriate valuation methodology and parameters.

Skills

Strong mathematical skills

Confident communicator

Self-motivated

Experience in reserving and capital modelling

Knowledge of Python

Knowledge of SQL

Proven track record of process improvement

Ability to influence decision making

Education

Fellow of the Institute of Actuaries or equivalent certification

Tools

ResQ

Tableau

PowerBI

Verisk catastrophe modelling software

Moodys catastrophe modelling software

Analyze Re

Dataiku

Snowflake

Job description

Job Type : Permanent

Build a brilliant future with Hiscox

Job Spec – ILS Actuary

Working within the RE&ILS Risk Analytics team, you will be responsible for all actuarial support for the Hiscox Capital Partners Team. The ILS actuary will :

• 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.

The Requirements for the Role :

• 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.

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 share 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