Senior Actuarial Analyst

Job Type:

Permanent

Build a brilliant future with Hiscox
 

Senior Reserving Analyst for Europe

London based / Hybrid working / Some travel to Europe

The role

You will be working directly with the European Chief Actuary in a team of two people focused on the European branch of our retail business. The role has a key business partnering aspect with the European business unit in respect of underwriting, claims, pricing actuaries and finance.

You will be responsible for the day-to-day reserving process across multiple lines of business culminating in a quarterly cycle of reserve analyses including IFRS assessment in order to inform business performance and satisfy regulatory and statutory requirements.  You will build effective working relationships across many different stakeholders throughout the entire business (internal and external). In addition you will be involved in other work across the year which for example would include business planning, reserving deep dives, and reserve risk assessment.

The European Chief Actuary role is based in Luxembourg so there will also be opportunity to travel.

About you

• Results driven - This role requires a highly results driven individual with energy and determination to succeed in a very fast paced environment.
• Resilience - You will need to be resilient in your approach with stakeholders and thrive in challenging situations that others would shy away from.
• Problem solving – Very strong analytical ability combined with a pragmatic and logical approach to problem-solving.
• Relationship builder – this role requires the development of strong relationships with key stakeholders in the business; you need to be agile and flexible in your communication and able to build such relationships quickly and develop your profile in the business as a business partner. Experience of working closely with underwriting, pricing and leadership teams will be advantageous.
• Collaborator – Work collaboratively on a range of projects / internal responsibilities and manage priorities appropriately.
• Mentor – Act as a mentor to junior team members to aid their development.
• Communication - Confident communicator with an ability to communicate technical terms to a wider audience.

Responsibilities

• Delivery of quarterly review of IFRS reserves and Solvency II technical provisions.
  • Applying appropriate reserving techniques and expert judgment, combined with articulating and documenting key judgments to a wide range of stakeholders.
  • Timely delivery and communication of results to management, relevant committees and heads of underwriting business units.
  • Ensure governance and professional standards are met.

• Lead on ad hoc requests from management, regulators and auditors as required, including liaising with the external actuaries (e.g Auditors and/or SAO providers)
• Develop expertise in reserving class knowledge, processes or methodologies.
• Business partnering with key stakeholders across the business, providing new insights and commercial value.
• Ongoing development and enhancement of actuarial methods and diagnostic tools applied in reserving analyses and monitoring of loss trends.
• Proactively contribute to the design and implementation of enhancements to existing processes and the creation of new reserving modeling tools and processes to enable faster delivery of high-quality outputs and to enable the reserving team to add insight to business decision making through business partnering.

A person in this position should meet the following requirements:

• At least 2 years of reserving experience in the Non-Life Insurance industry
• Making solid progress through the exams of the Institute & Faculty of Actuaries – as a broad ballpark, between 6 and 10 exams passed.
• Proven ability to demonstrate ownership of a task to completion including review of your own work
• Ability to demonstrate initiative in order to achieve task independently

Other desired skills & characteristics

• Intermediate to advanced  Excel
• Experience with SQL and general data management
• Experience of relevant software tool such as ResQ, Tableau, Tyche, PowerBI or similar applications
• Demonstrable process improvement experience.

Why work for us?

What makes Hiscox unique is that we are a large company with a small company feel. We have a track record of promoting actuaries around the business: not only in the traditional actuarial functions (reserving, pricing, capital and risk) but we have also had actuaries move into CFO roles, Divisional directors, underwriting insights, ILS valuations and in 2021 we had our first actuarially trained entity CEO. This role will provide the opportunity to develop deep analytical, communication and stakeholder management skills that will give you exposure to some of the most senior stakeholders across the business.

You will engage daily with the European Chief Actuary, as well as finance, claims and underwriting professionals to deliver timely business insight through reserving analysis.

What makes Hiscox unique is that we are a large global company with a small company feel. This means your role will be dynamic and you will be a key business partner. As we are growing and embracing transformational change, you will be integral on the journey to shape our future.

Competitive Salary

Annual Bonus Scheme

10% Company Pension Contribution

25 Days AL + 2 extra Hiscox Days

Study Support

4 week Paid Sabbatical after 5yrs Service

Private Medical & Dental

+more

About Hiscox

As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

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.

 
Apply now for further information
 
You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)
 
#LI-AS1

Work with amazing people and be part of a unique culture