At a Glance
- Tasks: Perform pricing analysis and collaborate on innovative reinsurance solutions.
- Company: Join Relm, a pioneering specialty insurer supporting groundbreaking industries.
- Benefits: Diversity-focused culture, professional growth opportunities, and a supportive work environment.
- Other info: Dynamic workplace with opportunities to launch industry-first programmes.
- Why this job: Be part of a team redefining insurance with cutting-edge technology and innovative ideas.
- Qualifications: 4+ years in reinsurance or actuarial roles; strong analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
Relm is the only specialty insurer dedicated to supporting the world’s most innovative industries. Whether it’s with startups harnessing zero-gravity conditions on the ISS to manufacture blindness-curing retinas, global crypto exchanges democratizing crypto trading, or biotech pioneers using gene-editing technology to advance personalized medicine, Relm works lockstep with innovators to understand and underwrite businesses shaping the future. Relm’s team operates out of offices in London, New York, Dubai, Miami, Bermuda, executing market-leading insurance solutions for companies operating in digital assets and web3, AI, the space economy, financial technology, biotech, and more.
WHAT WE ARE LOOKING FOR
Where regular insurers look backwards, Relm differentiates by looking ahead. We operate at the forefront of innovative industries by hiring curious minds with deep sector experience. To continue helping businesses build the future, we need all of our team members to demonstrate curiosity, creativity, courage, and optimism. We need them to be accountable for ideation but able to execute collaboratively. In short: we hire people whose inquisitive minds help them break ground.
Key Responsibilities
- Perform pricing analysis for individual new and renewal inwards reinsurance accounts
- Engage with broker partners on submissions, both new business and renewals
- Monitor the performance of bound inwards transactions on a quarterly basis
- Conduct portfolio-level profitability analysis, including AvE and portfolio modelling
- Support the development of reporting and MI tools to deliver accurate and timely portfolio insights to internal and external stakeholders (management, board, reinsurers)
- Translate complex analytical outputs into clear, actionable insights for non-technical stakeholders
- Collaborate with senior team members to optimise the deployment of Relm’s reinsurance capacity across treaty and facultative opportunities, including fronted business, programmes, traditional cedants, and captives
- Contribute to strategic initiatives such as commutations, novations, and loss portfolio transfers
- Support new product development and alternative reinsurance solutions
- Support Relm’s outwards reinsurance strategy across all lines of business, including treaty placements and facultative reinsurance
- Prepare and analyse data for reinsurance submissions
- Perform optimisation and portfolio analysis to ensure reinsurance structures align with overall business strategy
- Conduct actuarial and quantitative analysis to assess profitability and business impact
- Develop a working understanding of catastrophe modelling, where relevant to the portfolio
- Maintain accurate reinsurance documentation, including contracts and bordereaux, and ensure timely distribution to partners
Required Skills & Experience
- Minimum of 4 years’ experience in reinsurance underwriting or actuarial roles
- Fully qualified actuary with at least 2 years’ post-qualified experience
- Strong understanding of reinsurance structures, contracts, and policy wordings
- Familiarity with treaty and facultative reinsurance placements
- Degree in Actuarial Science, Mathematics, Economics, Finance, Risk Management, or a related quantitative field
- Strong analytical and problem-solving skills
- Ability to manage multiple priorities and work both independently and collaboratively
- Excellent written and verbal communication skills, with the ability to present complex concepts clearly
- Experience with data analysis tools such as Python
WHY YOU’LL LOVE WORKING WITH US
Diversity and inclusion are given in this day and age; Relm goes beyond the norm to provide genuine support for our team members. We believe in equipping our staff with whatever arsenal they need to do their best work, and our commitment to staff growth is often cited by members as one of their most highly valued benefits. Relm is a team of innovators redefining what’s possible in insurance. With us, you’ll launch industry-first programs within an environment designed to be antithetical to traditional insurance and the restraints that come with it. Our forward-thinking attracts forward thinkers.
Reinsurance Actuary in Hamilton employer: Relm Insurance Ltd.
Contact Detail:
Relm Insurance Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Actuary in Hamilton
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks on LinkedIn or at events. The more people you know in the reinsurance world, the better your chances of landing that dream job.
✨Tip Number 2
Show off your skills! Prepare a portfolio showcasing your analytical work and any projects you've tackled. This will help you stand out and demonstrate your expertise to potential employers.
✨Tip Number 3
Be curious and ask questions during interviews. Show your enthusiasm for the role and the company by engaging with the interviewers about their innovative projects. It’ll make you memorable!
✨Tip Number 4
Apply through our website! We love seeing candidates who take the initiative. Plus, it gives you a chance to showcase your understanding of Relm’s mission and values right from the start.
We think you need these skills to ace Reinsurance Actuary in Hamilton
Some tips for your application 🫡
Show Your Curiosity: When you're writing your application, let your curiosity shine through! We want to see how you think outside the box and approach challenges. Share examples of how you've tackled complex problems or explored new ideas in your previous roles.
Be Clear and Concise: We love a good story, but keep it relevant! Make sure your application is clear and to the point. Use straightforward language to explain your experience and skills, especially when discussing technical concepts. Remember, we’re looking for clarity in communication!
Tailor Your Application: Don’t just send a generic application! Take the time to tailor your CV and cover letter to reflect the specific requirements of the Reinsurance Actuary role. Highlight your relevant experience and skills that align with what we’re looking for at Relm.
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 our innovative team at Relm.
How to prepare for a job interview at Relm Insurance Ltd.
✨Know Your Numbers
As a Reinsurance Actuary, you'll need to demonstrate your analytical prowess. Brush up on key metrics and pricing analysis techniques relevant to reinsurance. Be ready to discuss how you've used data analysis tools like Python in past roles to drive insights.
✨Show Your Curiosity
Relm values curiosity, so come prepared with questions that show your interest in innovative industries. Think about how emerging technologies like AI or biotech could impact reinsurance and be ready to share your thoughts during the interview.
✨Communicate Clearly
You’ll need to translate complex concepts into clear insights for non-technical stakeholders. Practice explaining your previous projects in simple terms, focusing on the impact of your work rather than just the technical details.
✨Collaborate and Contribute
Highlight your experience working in teams and how you’ve contributed to strategic initiatives. Be prepared to discuss examples where you’ve optimised processes or collaborated on new product development, showcasing your ability to work both independently and as part of a team.