At a Glance
- 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.
- Other info: Be part of a curious and innovative team dedicated to excellence.
- 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.
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 in City of London employer: Hiscox
Hiscox is an exceptional employer, offering a dynamic work environment where innovation and collaboration thrive. As part of the RE&ILS Risk Analytics team, you will not only contribute to cutting-edge actuarial practices but also enjoy ample opportunities for professional growth and mentorship within a supportive culture that values your expertise. Located in a vibrant area, Hiscox fosters a unique workplace atmosphere that prioritises employee well-being and encourages a healthy work-life balance, making it an ideal choice for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land ILS Actuary in City of London
✨Tap into Campus Networks
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We think you need these skills to ace ILS Actuary in City of London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Hiscox.
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How to prepare for a job interview at Hiscox
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Hiscox.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Hiscox employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
