Senior Reserving Analyst (Part Qual, GI)

City of London
£40000 - £55000 per annum + Salary dependent on experience
15 Nov 2018
15 Dec 2018
Hiscox Group
Contract Type
Full Time

Senior Actuarial Analyst

The Group Actuarial function has grown to over 20 people as a result of Hiscox's consistent and profitable growth. With many future areas of growth anticipated, coupled with the role actuaries increasingly have in finance & business transformation activities, this team has career opportunities as it continues to expand and grow in influence.

This centralised team works across all of Hiscox's extensive and varied portfolios. Hiscox writes business globally, operating three Syndicates at Lloyd's, a Bermudian reinsurance & ILS carrier and has rapidly expanding commercial and retail carriers in the UK, US, Europe and Asia.

Hiscox is evolving; we're currently embarking on a multi-year Finance and Actuarial Transformation Programme, which means significant change is happening. You will help drive and influence a modern 'Best of Breed' Actuarial Function and embed enhanced models and processes across finance and reserving.

The Role

Hiscox is looking for a Senior Actuarial Analyst to join the Group Actuarial department. You'll be responsible for the day-to-day reserving process across multiple lines of business, building effective working relationships across many different stakeholders throughout the entire business (internal and external). You will specialise in specific lines of business and be the "go-to person" for these areas, as well as contributing to the team's wider analysis and outputs.

Being highly organised and efficient will be critical in this role, with the ability to manage your own work load and to deliver high quality outputs within tight deadlines. You'll be someone who isn't about the status quo, you'll have the drive and confidence to challenge ideas and processes, think broadly about the business and the services we can offer. Being able to communicate technical terms to a wider audience will be important in this role; not all our stakeholders come from an Actuarial background, and it's our job to ensure they understand the ideas we are proposing to achieve buy-in.

Principle Accountabilities:

  • Conducting reserves analysis with and lead initial review work. Able to build new reserving models and parametrise existing models in ResQ (development curves, IELRs, method selection etc.) and be able to articulate and document key judgments to senior actuaries.

  • Help train junior members of the Group actuarial team

  • Develop strong working relationships with key stakeholders across the business

  • Key contributor and initiator to the actuarial and finance projects

  • Business partnering, bringing new insights and add-value

  • Operate key reserving controls and work within a peer review framework

You will have

  • GI reserving experience (ideally 2-4 years)

  • Have passed 6 actuarial exams or more.
  • Must be familiar with standardised reserving methods and have hands on experience of parameterising development curves, selecting IELRs and justifying modelled results to managers.

  • Experience of producing Solvency II technical provisions would be beneficial as would any report production experience (e.g. Reserving committee packs).Credible across the business and able to build strong relationships, in particular with underwriters

  • Highly results driven, with the energy and determination to succeed in a very fast paced environment where the pace of response is critical to success

  • Experience of working in non-reserving functions for breadth of knowledge

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