Senior Quant Developer: Capital Models & Reinsurance

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

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