Syndicate Reserving Actuary
Apply locations UK, London
Time type: Full time
Posted on: Posted 3 Days Ago
Job requisition id: R0016520
Job Type: Permanent
Build a brilliant future with Hiscox
Reporting to the Chief Actuary for Hiscox Syndicates
London based - min of 2 days in the office per week
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. Group Actuarial is a centralised team responsible for all reserving and actuarial function activities across Hiscox’s seven legal entities and associated underwriting business units.
The role
The role is at the centre of the Hiscox Syndicates from a reserving viewpoint, responsible for high profile deliverables and exposure to senior stakeholders throughout the business. You will be reporting to the Hiscox Syndicates Limited (HSL) Chief Actuary and will manage a team of 4 actuarial colleagues.
The Syndicate Reserving Actuary and team are pivotal to the collation and interpretation of reserving outcomes for the Hiscox Syndicates, the communication of analysis to senior stakeholders and maintaining Lloyds relationships. The team also lead on Lloyds reserving related deliverables including Lloyds Principles assessment, production of Solvency 2 Technical provisions and Actuarial Function reports.
The role requires very strong relationship building combined with technical knowledge and attention to detail. The role holder is expected to keep abreast of new reserving methodologies, technologies, trends, emerging risks and other external issues and share knowledge with the wider actuarial team as appropriate.
About you
- Results driven - This role requires a highly results driven individual with energy and determination to succeed in a very fast paced environment with accuracy and attention to detail.
- Relationship builder – this role requires the development of strong relationships with key stakeholders in the business.
- Regulatory knowledge – a thorough knowledge of the regulatory environment, including specific responsibilities placed on the actuarial function.
- Technical experience – strong technical experience of reserve methods and business performance analysis.
- Communication - Confident communicator with an ability to communicate technical terms to a wider audience.
- People manager – able to inspire, motivate and guide development of team members.
- Commercial mindset – this role requires awareness and knowledge of industry changes, legal updates and technical developments.
- Resilience - You will need to be resilient in your approach with stakeholders.
- Problem solving - Very strong analytical ability combined with a pragmatic and logical approach to problem-solving.
A person in this position should meet the following requirements
- Qualified Actuary with at least 5 years post qualification experience
- At least 8 years of general insurance experience with a focus on reserving in a Lloyds context.
- Management experience of at least 2 direct reports
- Demonstrable process improvement experience
- Minimum 2:1 degree
Other desired skills & characteristics
- Intermediate to advanced Excel; additional experience with SQL Server, PowerBI, and/or similar applications is a plus.
About Hiscox
As an international specialist insurer, 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.
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.
Apply now for further information
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