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- Tasks: Support actuarial functions for innovative reinsurance portfolios and collaborate with diverse teams.
- Company: Join Hiscox, a leader in reinsurance and insurance-linked strategies.
- Benefits: Competitive salary, professional development, and a supportive work culture.
- Why this job: Make a real impact in the reinsurance industry while working with talented professionals.
- Qualifications: Fellow of the Institute of Actuaries with extensive reinsurance experience.
- Other info: Dynamic team environment focused on innovation and career growth.
The predicted salary is between 36000 - 60000 £ per year.
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.
The 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 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 Moodys.
- 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.
ILS Actuary in London employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land ILS Actuary in London
✨Network Like a Pro
Get out there and connect with folks in the industry! Attend events, join online forums, and don’t be shy about reaching out to people on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your technical skills and experience. We want to see how you can bring value to the team, so share specific examples of your work in reinsurance, capital modelling, or any relevant projects you've tackled.
✨Prepare for the Interview
Do your homework before the interview! Understand Hiscox's values and the specifics of the ILS Actuary role. We recommend preparing some thoughtful questions to ask your interviewers, showing that you’re genuinely interested in the company and the position.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our amazing team at Hiscox. Let’s make it happen!
We think you need these skills to ace ILS Actuary in London
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.
Show Off Your Technical Skills: Since this role requires strong mathematical and technical skills, don’t shy away from showcasing your expertise in reserving, catastrophe modelling, or any coding tools. We love seeing candidates who can bring these skills to the table!
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 serious about 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 ready to discuss specific examples from your experience where you've successfully applied these skills.
✨Showcase Your Communication Skills
This role requires you to liaise with various stakeholders, so practice articulating complex actuarial concepts in a clear and concise manner. Prepare to share instances where you've influenced decision-making or built strong relationships with clients or colleagues.
✨Familiarise Yourself with Tools
Make sure you're comfortable discussing the technical tools mentioned in the job description, like Python, SQL, and Tableau. If you have experience with Verisk or Moodys catastrophe modelling software, be prepared to talk about how you've used these tools to improve processes or outcomes.
✨Demonstrate Your Leadership Qualities
Since the role involves managing and mentoring team members, think of examples that showcase your leadership style. Discuss how you've motivated others, led projects, or contributed to team development in your previous roles.