New Product Development jobs in United Kingdom

The actuarial ILS team assists the Company's platform in a wide variety of projects spanning from product development, financial modelling, software development, product valuations and servicing.

• Location: Hamilton
• Category: Actuarial
• Type: Permanent

Key Duties (Including but not limited to):

• Pricing, valuation and development of ILS and reinsurance products (e.g., ILW, Cat bonds).
• Help producing quarterly information needed by the finance outwards and operations teams.
• Use actuarial and other analytical techniques to help the platform deepen their understanding of insurance risks and understand drivers of change in various partners’ portfolios.

Minimum Requirements:

• Associate or Fellow of a recognized actuarial association.
• Bachelor’s degree in Statistics, Mathematics, Computer Science, Data Science, Physics, Engineering, or similar discipline with emphasis on quantitative analysis and methods.
• A minimum of 8 years of experience with at least 3 in a similar role.
• Preference will be given to candidates who can demonstrate experience with both property and casualty related products.
• Produce and interpret key metrics from property catastrophe models (e.g. OEP, AEP, Return period, PML, Occurrence pattern, etc.).
• Understanding of database structures and logic, including database languages such as SQL or Snowflake.