Reserving Actuary
Job Summary
Were looking for an Reserving Actuary
Based in London and reporting to the Head of Reserving this role will contribute and add value to the Actuarial team and Hamilton groupwide through involvement in the Actuarial function. You will provide actuarial expertise to the business together with independent rigour and review of underwriting data and statistics for the purpose of reserving.
Hamilton Global Specialty is our multi-platform specialty insurer operating primarily through a Lloyds Syndicate and Dublin operating company with a managing general agency in the US.
What you will do
- Assist in managing the GAAP reserving process for each Hamilton entity for both Lloyds and other regulatory reporting requirements; review method and assumptions
- Assist in managing the Solvency II TPs calculation and validation process for each of the syndicate/entities: review method and assumptions; regulatory reporting for all entities with support from reserving analysts
- Actively contribute to the development and application of Technical Actuarial models and methods and the process of continuous improvement within the department
- Help manage relationships and communication flows with external auditors
- Work with internal stakeholders including Underwriters Finance Claims and Outwards Reinsurance
- Act in accordance with all applicable supervisory bodies principles rules and regulations
- Provide support to the capital modelling team by focusing mainly on reserving risks and underwriting risks for parameterisation and validations
- Work with the Pricing team on ad-hoc projects as and when they arise
- Assist in Group reporting
- Develop and communicate associated management information packs
What you require for the role
- Demonstrable experience in GI reserving; making good progress on actuarial exams or nearly/newly qualified actuary
- Extensive experience in GAAP and Solvency II calculation and reporting preferable with Lloyds market experience
- Expert user of Microsoft Excel VBA; Access and SQL ResQ experience is a plus
- Excellent verbal and written communication skills
- The ability to be both strategic and pragmatic. Must be able to think broadly about the business
- A creative proactive and innovative mindset that does not accept the status quo
- Credible across the business with the proven ability to build strong relationships
- Previous experience of mentoring and/or managing more junior staff is preferred but not essential
What you can expect from us
At Hamilton we offer a vibrant entrepreneurial and collaborative workplace shaped by our values: Be Smart Be Sensible Be Open and Be More.
Our employees consistently say they would recommend Hamilton as a great place to work a testament to the inclusive supportive and empowering culture weve built together. We embrace individuality value diverse perspectives and recognise the unique contribution each person makes to our continued success.
In good company
Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty Hamilton Select and Hamilton Re each with dedicated and experienced leadership provide access to diversified and profitable business around the world.
Headquartered in Bermuda Hamilton has over 600 employees with key underwriting operations in London Bermuda the US and Dublin. We work collaboratively we share a passion for the service and results we deliver and we know that what we do each day is meaningful to our customers and our business. We believe we are In good company. with everyone we interact with.
Required Experience:
Senior IC
About Company
Hamilton Insurance Group, Ltd. is a Bermuda-headquartered company that underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries.