Actuarial Pricing Analyst

Job Type:

Permanent

Build a brilliant future with Hiscox
 

Hiscox Re & ILS is the reinsurance and insurance-linked strategy (ILS) business unit within Hiscox Group. Our team of circa 130 curious and collaborative individuals are committed to providing top quality service to cedants, brokers, 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.

Working within the Re & ILS Actuarial team (part of the wider Risk Team), you will be supporting our underwriting efforts on a specific portfolio or lines of business. Our role is to facilitate the understanding and management of the Underwriting Risk we are taking, accessing the market and individual cedant data and using in a way to make the optimal underwriting decisions.  Your role will cover a range of areas, from individual treaty pricing, to development of new pricing tools, to market insights and portfolio analysis.  You’ll also have opportunity to broaden your business knowledge by providing analyst support on other lines and aspects of reinsurance business.

The role:

• Contribute to the development and application of pricing and accumulation control models for use in all lines of reinsurance underwriting
• Pricing of individual submissions and preparing documentation and reports to communicate the results to underwriters
• Development, maintenance and reporting of appropriate risk metrics for your specific portfolio/ line of business
• Support and enhance underwriting and risk management by the collection and reporting of relevant data
• Production of ad hoc portfolio reports, deep dives and profitability metrics
• Provide general reinsurance actuarial/analytical support

Our must haves

• Excellent mathematical and analytical skills and a demonstrated logical, numerical and structured approach to problem solving
• High proficiency in working with and visualizing data and databases using mediums such as SQL/Snowflake and Tableau/Power BI
• Ability to implement statistical techniques in code such as R or Python
• A driven individual and effective team player.
• Ability to prioritise work and manage effectively and accurately under pressure, ensuring that deadlines are met.
• A confident communicator with demonstrable communication skills, both oral and written.
• Prepared to study towards Actuarial qualifications. You’ll get a competitive study support and reward package, including paid study leave to support those sitting the Actuarial examinations. However you must be prepared to commit personal time to study for the exams over and above this support.

Nice to have

• Experience in the (re)insurance market
• Related actuarial experience such as insurance reserving, capital modelling or reinsurance analytics

Diversity and Hybrid working

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.

We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance.
 
This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

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Work with amazing people and be part of a unique culture