At a Glance
- Tasks: Manage GAAP reserving processes and develop actuarial models for continuous improvement.
- Company: Join Hamilton, a vibrant and collaborative global insurance leader.
- Benefits: Dynamic work environment with opportunities for growth and mentorship.
- Other info: Work with diverse teams and build strong relationships across the business.
- Why this job: Make a real impact in the insurance industry while developing your actuarial skills.
- Qualifications: Experience in GI reserving and progress on actuarial exams required.
We're looking for a Reserving Actuary based in London and reporting to the Head of Reserving. This role will contribute and add value to the Actuarial team and Hamilton groupwide through involvement in the Actuarial function. You will provide actuarial expertise to the business, together with independent rigour and review of underwriting data and statistics for the purpose of reserving.
What you will do:
- Assist in managing the GAAP reserving process for each Hamilton entity for both Lloyd's and other regulatory reporting requirements; regulatory reporting for all entities with support from reserving analysts.
- Actively contribute to the development and application of Technical Actuarial models and methods and the process of continuous improvement within the department.
- Help manage relationships and communication flows with external auditors.
- Work with internal stakeholders including Underwriters, Finance, Claims and Outwards Reinsurance.
- Act in accordance with all applicable supervisory bodies, principles, rules and regulations.
- Provide support to the capital modelling team by focusing mainly on reserving risks and underwriting risks for parameterisation and validations.
- Work with the Pricing team on ad-hoc projects as and when they arise.
- Assist in Group reporting.
- Develop and communicate associated management information packs.
What you require for the role:
- Demonstrable experience in GI reserving; making good progress on actuarial exams or nearly/newly qualified actuary.
- Extensive experience in GAAP and Solvency II calculation and reporting, preferable with Lloyd's market experience.
- Expert user of Microsoft Excel, VBA; Access and SQL ResQ experience is a plus.
- Excellent verbal and written communication skills.
- The ability to be both strategic and pragmatic. Must be able to think broadly about the business.
- A creative, proactive and innovative mindset that does not accept the status quo.
- Credible across the business with the proven ability to build strong relationships.
- Previous experience of mentoring and/or managing more junior staff is preferred but not essential.
What you can expect from us:
At Hamilton, we offer a vibrant, entrepreneurial and collaborative workplace shaped by our values: In good company. Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world. We work collaboratively, we share a passion for the service and results we deliver, and we know that what we do each day is meaningful – to our customers and our business.
Pensions Data Services Actuary in London employer: Hamilton
Hamilton is an exceptional employer located in the heart of London, offering a vibrant and collaborative work environment that fosters individual growth and development. With a strong emphasis on inclusivity and empowerment, employees are encouraged to build meaningful relationships and contribute to a diverse global portfolio. The company not only values technical expertise but also provides ample opportunities for professional advancement within a supportive culture, making it a rewarding place to work for those seeking a fulfilling career in underwriting.
