Hamilton Recruitment

ACTUARY – ILS – P&C – BERMUDA – 10% TAX – HR102

About this opportunity

Our client provides specialty property, casualty and life reinsurance products through reinsurance intermediaries worldwide. The actuarial ILS team assists our client Partners platform in a wide variety of projects spanning from product development, financial modelling, software development, product valuations and servicing. As part of the team, the holder of this position is expected to contribute and, in some cases, lead these projects to help the platform be the best in class in the ILS industry.

This role will required use strong analytical, problem solving and critical thinking abilities. These include deepening our understanding of our insurance risks and developing solutions to enhance reporting needs.

Responsibilities and duties:

  • Pricing, valuation and development of ILS and reinsurance products (e.g., ILW, Cat bonds)
  • Produce or update financial cash flows model for various portfolios (e.g. IRR, NAV, etc.)
  • Help producing quarterly information needed by the finance outwards and operations teams
  • Use actuarial and other analytical techniques to help the platform to deepen our understanding of insurance risks and understand drivers of change in various partners’ portfolios
  • Work with various stakeholders to develop specs for systems when needed, and work with software engineer to help development of such systems
  • Help with writing development specs for software engineers when prototypes are ready for larger deployment
  • Seek opportunities to automate reports and processes
  • Understand our business processes and make the connection with the data coming of the operational systems of the company
  • Support research projects, both actuarial and non-actuarial, including testing non-standard and innovative approaches for modelling risks and construction of portfolios of complex reinsurance risks
  • Build trusting relationship with all colleagues
  • Continuous development of technical knowledge of coding and analytical tool in use

What you’ll need

  • Associate or Fellow of a recognized actuarial association, with a bachelor’s degree in Statistics, Mathematics, Computer Science, Data Science, Physics, Engineering, or similar discipline with emphasis on quantitative analysis and methods
  • 8+ years of experience with at least 3 in a similar role
  • Preference will be given to candidates who can demonstrate experience P&C related products
  • Demonstrated analytical capabilities, including critical thinking with strong attention to detail
  • Ability to challenge and question the status-quo
  • Produce and interpret key metrics from property catastrophe models (e.g. OEP, AEP, Return period, PML, Occurrence pattern, etc.)
  • Understanding of database structures and logic, including database language such as SQL or Snowflake
  • Understanding use of data science and statistical tools / languages (e.g. R, Python)
  • Excellent written communication skills along with the ability to present results of analysis to a non-technical audience
  • Excellent interpersonal skills
  • Able to work independently and as part of a team
  • Highly organized with demonstrated experience in solving problems
  • Desire to learn and continuously develop both technical and non-technical skills

How to apply

  • To apply, attach your résumé or include a link to your LinkedIn profile
  • If you don't provide one of the above, we can't progress your application

For reasons of confidentiality and to ensure best match for positions, our normal practice is to submit applications to employers only after we have had a Career Consultation with candidates. In the event that you are not shortlisted for this particular vacancy, your details will be held on file and considered for other relevant opportunities.

Our clients are equal opportunity employers and value diversity. They do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you believe you deserve an exceptional career, we’ll help make it happen.