Quantitative Developer

Hanover; Greater London; On-site; GBP 48,000 - 88,000; Full time

Job summary

Hanover in London is seeking a quant developer with a strong mathematical background to design advanced financial models for reinsurance and capital markets. The role emphasizes rigorous analysis and cloud-based infrastructure as code, with AI-assisted development welcomed.

An office-based position offers collaboration with a PhD-led manager on mathematically focused projects. We welcome candidates with a Master’s degree or higher in maths, physics, or related fields and prefer those with

Qualifications

• Master’s degree or higher in maths, physics, engineering, or a related field.
• Strong mathematical ability is essential.
• Development or coding experience is beneficial, AI-assisted is acceptable.
• Preference for candidates with business experience in quant finance, reinsurance, or capital markets.
• PhD candidates are welcome; role sponsorship is unlikely.

Responsibilities

• Design computational models applying reinsurance layers to simulation files, considering ILWs, reinstatements, and program-wide adjustments.
• Derive discounted cashflow curves based on non-uniform writing patterns, policy inception dates, earning profiles, and settlement lags.
• Model premium receipts, collateral funding, trapped collateral, claim payments, investment income, release mechanics, and timing uncertainty, then compute expected return and loss timing sensitivity.
• Analyse Neil Bodoffs paper on capital allocation and generalise it for profit distributions, comparing with alternative capital allocation approaches.
• Review risk measures and recommend which ones to adopt for capital platforms.
• Review portfolio optimisation algorithms and propose the most effective option for different capital platforms.
• Review modern infrastructure as code in the context of Azure and suggest how to use it across dev, UAT, and prod.

Skills

Strong mathematical ability

Programming experience

Business experience in quant finance

PhD considered

Education

Master’s degree or higher in maths/physics/engineering

Tools

Azure

Job description

Salary: £48,000 - 88,000 per year

Requirements

• We are looking for an academically strong quant developer with a masters degree or higher in maths, physics, theoretical physics, engineering, or a related field.
• We are optimising for strong mathematical ability.
• Development or coding experience is beneficial, although it can be AI-assisted.
• We prefer candidates with some business experience, especially in quant finance, reinsurance, or capital markets.
• Reinsurance experience is not essential.
• We are open to hiring a top-notch PhD.
• This role is unlikely to offer work permit sponsorship.

Responsibilities

• Design computational models applying reinsurance layers to simulation files, taking into account ILWs, reinstatements, and programme-wide adjustments.
• Derive discounted cashflow curves based on non-uniform writing patterns, policy inception dates, earning profiles, and settlement lags.
• Model premium receipts, collateral funding, trapped collateral, claim payments, investment income, release mechanics, and timing uncertainty, then calculate expected return and sensitivity to loss timing.
• Analyse Neil Bodoffs paper on capital allocation and generalise it for profit distributions, comparing it with alternative capital allocation approaches.
• Review risk measures and recommend which ones we should adopt in the context of capital platforms.
• Review portfolio optimisation algorithms and propose the most effective option for different capital platforms.
• Review modern infrastructure as code in the context of Azure and suggest how we can best use it across dev, UAT, and prod environments.

Technologies

• AI
• Azure
• Quant
• Cloud
• Flow

More

We are an multi-strategy alternative asset manager operating in the reinsurance and capital markets space, with people in London and Bermuda. This is predominantly an office-based role. You will work with a manager who has a PhD on mathematically focused projects across reinsurance, capital allocation, risk measures, portfolio optimisation, and Azure infrastructure as code. This role will not lead to quant trading.

last updated 36 week of 2026