At a Glance
- Tasks: Lead the investment process for insurance linked securities and analyse property-related risks.
- Company: Dynamic investment firm focused on innovative insurance solutions.
- Benefits: Competitive salary, high bonuses, and opportunities for professional growth.
- Other info: No formal actuarial exams required; diverse backgrounds welcomed.
- Why this job: Join a cutting-edge team and make impactful decisions in the investment landscape.
- Qualifications: Experience in non-life reinsurance and familiarity with coding tools like R or Python.
The predicted salary is between 54000 - 66000 £ per year.
We are recruiting an experienced actuary to join an insurance linked securities (ILS) function in an investment capacity.
The role will see the individual responsible for the whole investments process: from initial submission analysis, deciding what counts and what doesn't, performing modelling to understand expected losses, estimating an appropriate price for the deal given internal guidelines, writing up an investment memo, defending it in front of the investments committee etc. The team is involved in the whole range of ILS products.
Please note that we are looking for a very specific skill-set:
- We are looking for a non-life reinsurance actuary; you will have experience of working in pricing for a reinsurance company, or perhaps the treaty team of a major (re) insurer or in a similar capacity at a reinsurance broker.
- You need some familiarity with property-related risks and how to analyse them; ideally you will have used major cat modelling tools (AIR, RMS/Moody's etc). More familiarity will ease your transition into the role.
- You need some aptitude for coding; no specific tools required but R and/or Python knowledge would be very handy as a lot of internal analysis is done using them. Again, more knowledge will ease your transition into the role but is not a deal-breaker.
Any familiarity with retro, collateralised reinsurance, ILWs, cat bonds etc is very welcome but not essential and will not rule anyone out. Knowledge of financial maths or portfolio management is again useful but not essential.
The role comes with a very competitive base salary and a much higher bonus than one would expect in the (re) insurance world, reflecting the investment environment.
Investment Actuary in London employer: Hanover
As an Investment Actuary at our firm, you will be part of a dynamic team that thrives on collaboration and innovation within the insurance linked securities sector. We offer a competitive salary and an attractive bonus structure, alongside a supportive work culture that prioritises professional development and growth opportunities. Located in a vibrant area, our company fosters a stimulating environment where your expertise in non-life reinsurance and coding can truly shine, making it an excellent place for meaningful and rewarding employment.
