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- Tasks: Support the Hiscox Capital Partners Team with actuarial expertise and portfolio management.
- Company: Join Hiscox, a leader in reinsurance and insurance-linked strategies.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Why this job: Make a real impact in a dynamic team while developing your actuarial skills.
- Qualifications: Fellow of the Institute of Actuaries with 5+ years of experience in reinsurance.
- Other info: Be part of a curious and innovative team dedicated to excellence.
The predicted salary is between 36000 - 60000 £ per year.
Build a brilliant future with Hiscox.
Working within the RE&ILS Risk Analytics team, you will be responsible for all actuarial support for the Hiscox Capital Partners Team. The ILS actuary will:
- Work with Portfolio Managers and Hiscox Underwriters to construct efficient and diversified portfolios of risk that are appropriate for the different risk profiles of our Capital Partners and Funds.
- Establish and monitor collateral requirements and capital release mechanisms for new and existing Hiscox Capital Partner Investment vehicles having regard to the volatility and claims settlement profile of the underlying reinsurance business.
- Establish and administer all aspects of fund valuation including establishing appropriate policies, procedures and systems required for monthly valuation of the funds.
- Advise the ILS Valuation Committee on the appropriate valuation methodology, parameters, event specific IBNR and uncertainty related to the fund valuation.
- Liaise with external actuaries to provide data and analysis in support of the actuarial opinion.
- Support the ILS Portfolio managers and Hiscox Capital Partners business development team in interactions with existing and potential investors and capital partners.
- Manage, mentor and develop members of the actuarial and risk team as appropriate.
Requirements for the Role:
- Fellow of the Institute of Actuaries or equivalent certification with at least five years post‑qualification experience.
- Extensive technical experience within the reinsurance market in Reserving, Pricing, Capital and Exposure Management.
- Demonstrate a challenging and constructive commercial outlook with ability to question the status quo.
- Self‑motivated, driven and able to lead and gain the commitment of others.
- Proven track record of constantly seeking to improve systems and processes.
- Confident communicator with the ability to build strong relationships and influence decision making.
- Strong mathematical skills with experience in reserving, catastrophe and capital modelling, computer coding tools – Python, SQL, ResQ, Tableau or PowerBI.
- Experience with catastrophe modelling software from Verisk and Moody’s.
- Familiarity with Analyze Re, Dataiku and Snowflake is an advantage.
Hiscox Re & ILS is the reinsurance and insurance‑linked strategy (ILS) business unit within Hiscox Group. Our team of circa 120 curious and collaborative individuals are committed to providing top‑quality service to brokers, clients, quota‑share partners and ILS investors through an innovative range of reinsurance products and third‑party capital opportunities. Our focused and discerning underwriting approach is complemented by a commitment to world‑class service, and the ability to offer creative solutions to complex problems. We know our people are our biggest asset so finding and retaining top talent is crucial for every role. Work with amazing people and be part of a unique culture.
ILS Actuary employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land ILS Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance and actuarial fields. Attend industry events or webinars, and don’t be shy about introducing yourself to potential employers. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by researching Hiscox and their ILS team. Understand their products and recent developments in the market. This will help you tailor your answers and show that you’re genuinely interested in the role.
✨Tip Number 3
Practice your communication skills! As an ILS actuary, you’ll need to explain complex concepts clearly. Try explaining your past projects to friends or family to get comfortable with simplifying your expertise.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace ILS Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the ILS Actuary role. Highlight your experience in reinsurance, capital management, and any relevant software skills like Python or SQL. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to our team. Be sure to mention specific experiences that relate to the job description.
Showcase Your Technical Skills: Since this role requires strong mathematical and technical skills, don’t shy away from showcasing your expertise in reserving, catastrophe modelling, and any coding tools you've used. We love seeing candidates who can demonstrate their technical prowess!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re genuinely interested in joining the StudySmarter family!
How to prepare for a job interview at Hiscox
✨Know Your Numbers
As an ILS Actuary, you'll need to demonstrate your strong mathematical skills. Brush up on your knowledge of reserving, catastrophe modelling, and capital management. Be prepared to discuss specific examples from your experience where you've successfully applied these skills.
✨Familiarise Yourself with Tools
Make sure you're comfortable with the computer coding tools mentioned in the job description, like Python, SQL, and Tableau. If you have experience with catastrophe modelling software or data analysis tools like Dataiku and Snowflake, be ready to share how you've used them in past roles.
✨Show Your Commercial Mindset
Hiscox values a challenging and constructive commercial outlook. Think of instances where you've questioned the status quo or improved systems and processes. Prepare to discuss how your insights led to better outcomes for your team or organisation.
✨Build Relationships
Strong communication skills are key for this role. Think about how you've built relationships with colleagues, clients, or external actuaries in the past. Be ready to share examples that highlight your ability to influence decision-making and collaborate effectively.