Atlanta GA

Bermuda

Hamilton

London

New York NY

Intern

Part Qualified

Associate

Qualified

Life

Health

Property & Casualty

Reserving

Reinsurance

Python

Data Science

Coding

Pricing

Tyche

Capital

Excel

ResQ

Power BI

Tableau

Hiscox is a global specialist insurance company with a focus on providing coverage for small and medium-sized businesses, professionals, and high-net-worth individuals. They offer a wide range of insurance products, including property, liability, cyber, and professional indemnity insurance. Hiscox is known for its expertise, personalized service, and commitment to innovative solutions in the insurance industry.

Hiscox

Job Type: PermanentBuild a brilliant future with HiscoxThe AVP, Team Manager - MPL is a first line manager responsible for assisting in the delivery of team objectives by developing, managing, and motivating engaged, high-performance claims professionals. This person combines excellent technical claims handling, people management, and leadership skills.AVP’s provide managerial support, guidance, and mentorship to their assigned team. This person also:<ul><li>Drives employee engagement, adjuster development, and team performance and growth</li><li>Drives Key Performance Indicators and adherence to Hiscox USA Best Practices through managerial diary and file audits</li><li>Reviews coverage analyses drafted by team, including denials</li><li>Drives litigation management behaviors within assigned team</li><li>Identifies and provides solutions for key issues and trends to senior claims management</li><li>Allocates new incoming claims, reopened claims, and claims that may need to transfer due to severity</li><li>Acts as the escalation point for customer and broker complaints</li><li>Assists VP in preparing and presenting reserve analysis and claims trends</li><li>Takes an active role in the Claims/UW/Actuarial feedback loop</li><li>Plays an active role in recruitment and onboarding</li></ul>Person specification:The US Claims team at Hiscox is a growing group of professionals working together to provide superior customer service and claims handling expertise. The claims staff are empowered to manage their claims within given authority to provide fair and fast resolution of claims for our insured and broker partners.With strong growth across the US business, the Claims team is focused on delivering profitability while reinforcing Hiscox’s strong brand built on a long history of outstanding claims handling.<ul><li>10+ years of claims handling experience. A JD from an ABA accredited law school may be considered as a supplement to claims handling experience</li><li>5+ years of Professional Liability claims experience. Miscellaneous Professional Liability is a must.</li><li>4+ years of Claims management experience</li><li>Leadership and people management skills</li><li>Expert knowledge of claims handling practices to include: coverage analysis, litigation management, and negotiation</li><li>Excellent analytical, critical thinking, verbal and written communication skills</li><li>Strong rapport-building and relationship effectiveness skills</li></ul>Additional Factors Considered:<ul><li>Subject matter expertise</li><li>Demonstrated efforts to advance product innovation, improve claims processes and/or develop a greater understanding of other aspects of the business by training, interactions with external/internal stakeholders or other relevant projects</li><li>Technical leader with ability to respond to challenges that may arise when asked by direct reports or others inside and outside of the organization</li></ul>What we offer:<ul><li>401(k) with competitive company matching</li><li>Comprehensive health insurance, vision, dental, and FSA plans (medical, limited purpose, and dependent care)</li><li>Company paid group term life, short-term disability, and long-term disability coverage</li><li>24 Paid time off days plus 2 Hiscox days, 10 paid holidays plus 1 paid floating holiday, and ability to purchase up to 5 PTO days</li><li>Paid parental leave</li><li>4-week paid sabbatical after every 5 years of service</li><li>Financial Adoption Assistance and Medical Travel Reimbursement Programs</li><li>Annual reimbursement up to $600 for health club membership or fees associated with any fitness program</li><li>Company paid subscription to Headspace to support employees’ mental health and wellbeing</li><li>2023 Gold level recipient of Cigna’s Healthy Workforce Designation for having a best-in-class health and wellness program</li><li>Dynamic, creative, and values-driven culture</li><li>Modern and open office spaces, complimentary drinks</li><li>Spirit of volunteerism, social responsibility, and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation</li></ul>Salary Overview: $150,000 - $180,000Compensation Overview:The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country.The actual salary for this position will be determined by a number of factors, including the scope, complexity, and location of the role; the skills, education, training, credentials, and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state, or local protected class.Work with amazing people and be part of a unique culture.

Hiscox Re & ILS is the reinsurance and insurance-linked strategy (ILS) business unit within Hiscox Group. Our team of circa 150 curious and collaborative individuals are committed to providing top quality service to brokers, clients, quota share partners and investors through an innovative range of reinsurance products and third-party capital opportunities.Reinsurance is about providing insurance for insurance companies. We protect our clients’ assets against natural and man-made events, covering everything from earthquake and hurricane damage to cyber and terror attacks. We do this by working as one team to provide top quality products to our brokers and clients.Our Re & ILS business is based in Bermuda and London and is part of the wider Hiscox Group. Hiscox is a diversified international insurance group with a powerful brand, strong balance sheet and plenty of room to grow. Tracing its roots back to 1901, Hiscox is today listed on the London Stock Exchange and headquartered in Bermuda, we currently have over 3,000 staff across 14 countries and 35 offices.The internship and what you’ll be doing:This internship is an excellent opportunity to develop your understanding of the reinsurance market and build experience in core areas of our business. You will learn a lot about a range of risks – everything from tornados to climate change and cyber vulnerabilities -- and how they affect businesses, large and small. As an intern you will be:<ul><li>Working in our Operations and Claims teams building your knowledge of key teams helping to deliver success in our reinsurance business</li><li>Supporting projects by gathering further information where required and driving the adoption of new initiatives amongst different teams</li><li>Working with bespoke systems, building your knowledge of the processes and life cycle of reinsurance risks</li><li>Helping to produce management information reports; analysing and presenting data to assist strategic decisions</li></ul>What is needed to excel in this opportunity?<ul><li>Ability to work quickly and accurately</li><li>Interpersonal savvy, a flexible working style and the ability to build relationships with various people</li><li>Analytical skills to support decision making</li><li>Strong attention to detail</li><li>Proactive, showing initiative when completing tasks by pre-empting issues and proposing solutions</li></ul>What are the requirements?<ul><li>Our internship is open to current postsecondary education students who have completed 2 years of their study programs. You must have permission to work in Bermuda.</li><li>The Internship takes place from mid - June to mid -August (dates are flexible, minimum 8 weeks).</li></ul>

About the team/divisionOur team of over twenty underwriters and pricing analysts focus on Property lines written within the London Market. Methods of placement range from Binders and line slips to direct and facultative, shared and layered open market placements.We are looking for an analyst to join our pricing team on to work across all the classes but with a heavy focus on the Flood line. The role will involve a mix of risk pricing, exposure management, reporting, portfolio analytics, research, model development and process improvements.The strategy for the Property team is to build upon a profitable, enviable book of core clients and coverholders. We actively manage the size of the portfolio based on market conditions and our internal view of risk.Expectations are high, but the team enjoy a well-established, lead market position and have an excellent track record of outperforming our peers – the challenge will be not just to maintain this, but to drive it forward in an ever evolving market place.What you’ll be doing in the role<ul><li>Working day to day with the senior pricing analysts and exposure management team on the Flood rollup.</li><li>Working day to day with the senior pricing analysts and underwriters to supporting the underwriting process via risk pricing, analytics and reporting.</li><li>Working with IT and change teams across a mix of continuous improvement tasks, bug fixes and broader project work as part of the HiscoxPlus, Bordereaux Data and Exposure Management improvement workstreams.</li><li>Performing portfolio optimisation and other analytical work with a focus on commercially applicable results.</li><li>Enhancing our view of risk via research projects. Working with our senior pricing analysts, group cat research and data science teams to further our understanding of property perils.</li><li>Support the pricing team with our regular deliverables such as loss ratio parameterisation, QMR reporting, QMB returns, reforecast EP curves and RI purchase exhibits.</li></ul>The CandidateWe are looking for an individual who is analytical, driven and detail orientated with a passion for excellent execution. You will need to be articulate and exhibit a track record of good decision making skills, working under pressure and to tight deadlines, with an ability to quickly understand problems and implement solutions.Pricing, catastrophe modelling or exposure management experience is desirable but more important is a good understanding of the nuances involved in performing detailed analytics combined with a strong commercial mindset.Our must haves<ul><li>Excellent mathematical and analytical skills; the team is primarily involved in catastrophe modelling and actuarial analysis and the individual must be willing to embrace and develop this aspect of their skillset.</li><li>At least 12 months of experience in an analytical role.</li><li>Good working knowledge of at least one of SQL, R or Python and at least one of Excel, Tableau or Power BI.</li><li>A driven individual and effective team worker.</li><li>Ability to prioritise work and manage effectively and accurately under pressure, ensuring that deadlines are met.</li><li>A confident communicator with demonstrable communication skills, both oral and written.</li></ul>Nice to have<ul><li>2 years of pricing, catastrophe modelling, exposure management or similar experience</li><li>Related actuarial experience such as insurance reserving, capital modelling or reinsurance analytics</li><li>Experience of London market binder business</li></ul>About HiscoxAs 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 flexible working at HiscoxAt 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 also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.

The roleReserving Actuary - nearly/newly qualified<ul><li>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.</li><li>You will build effective working relationships across many different stakeholders throughout the entire business (internal and external).</li><li>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.</li><li>All members of the team are expected to develop expertise in more than one area and to contribute on an ongoing basis to the continual process improvement.</li></ul>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:<ul><li>Conducting reserves analysis with and lead initial review work. Able to build new reserving models and parametrise existing models in Tyche with supporting work in ResQ (development curves, IELRs, method selection etc.) and be able to articulate and document key judgments to senior actuaries</li><li>Help train junior members of the Group actuarial team</li><li>Develop strong working relationships with key stakeholders across the business</li><li>Key contributor and initiator to the actuarial and finance projects</li><li>Business partnering, bringing new insights and add-value</li><li>Operate key reserving controls and work within a peer review framework</li></ul>Person Specification:Must be familiar with standardised reserving methods and have hands on experience of parameterising development curves, selecting IELRs and justifying modelled results to managers. A solid understanding of rate making principles (loss cost trend, on-leveling, etc) is also important<ul><li>Experience of producing Solvency II technical provisions would be beneficial as would any report production experience (e.g. Reserving committee packs)</li><li>Credible across the business and able to build strong relationships, in particular with underwriters</li><li>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 </li><li>Excellent written and verbal communication skills, capable of working with people at all levels internal and external to the business</li><li>Must be able to demonstrate significant achievement in your pursuits to date</li><li>Experience of working in non-reserving functions for breadth of knowledge</li><li>Commercial Awareness</li><li>A genuine commercial operator: streetwise and a certain toughness of spirit. Must be positive and optimistic and be able to express these views across the business</li></ul>Qualifications &amp; Experience<ul><li>Minimum, 2:1 degree</li><li>Qualified Actuary or close to Qualifications completed</li><li>At least 5 years of general insurance experience with in particular very strong reserving experience on casualty lines of business with exposure to the US markets and insurance coverages a major plus</li><li>Demonstrable process improvement experience</li><li>Experience with SQL and general data management</li><li>Experience of relevant software tools such as ResQ, Tableau, Tyche or similar applications</li></ul>Why 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 ins 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.

Salary: £25,000 per annum (pro-rated).The TeamActuaries are experts in risk management, using mathematical skills to measure the probability and risk of future events to look at the financial impact it may have on Hiscox and our clients. At Hiscox, Actuarial Reserving is responsible for ensuring integrity of financial statements and identifying key business trends. We are developing our team to help drive, influence and embed models and processes across finance and reserving to ensure we are the leading Actuarial Function in the market. The centralised team works across all of Hiscox’s extensive and varied portfolios, with the organisation 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.The InternshipDuring the internship you can expect to:<ul><li>Support with building new reserving models and parameterising existing models, articulating and documenting key judgements to colleagues as well as supporting impact assessments of new models compared with existing results.</li><li>Collaborate with members of the team across different levels to support continuous work to improve and develop processes and key analysis.</li><li>Be involved in various project work where you will learn key insights and provide meaningful conclusions to drive the business forward.</li><li>Gain an understanding of the Reserving function and key processes, developing your technical skills and professional knowledge.</li><li>Have an opportunity to build a network across the broader Actuarial team and understand the different roles and work within the function.</li></ul>Throughout your internship, you will receive lots of support, starting with an induction day to welcome you into the business and get you settled in. Through targeted training sessions you will develop an understanding of our business and the industry we operate in. In addition, your line manager and dedicated ‘buddy’ will provide regular support throughout, and you will also have check-ins with the Early Careers team to talk through your development and internship experience.As a business, we have adopted hybrid working, where we have a combination of time in the office and at home. In this role you can expect to be in the office approximately 2-3 days per week, although you are welcome to attend the office more frequently if you would like.What is needed to excel in this opportunity?<ul><li>You’ll be studying for a degree in Actuarial Science, Mathematics, Statistics, Economics, Accountancy, Engineering, Chemistry or Physics</li><li>Ambition, motivation and the ability to learn quickly</li><li>A curiosity and hunger to learn, absorb and understand new information and concepts</li><li>Excellent written and verbal communication skills</li><li>An ability to identify problems and propose innovative solutions</li><li>Analytical, organised, and systematic thinking style</li><li>High level of attention to detail</li><li>Team player, capable of building strong relationships and contributing to both individual and team goals</li><li>A self-starter with the initiative and courage to stretch yourself out of your comfort zone</li></ul>What are the requirements?Our internships are open to current students in their penultimate year who are planning to return to one further year of undergraduate or postgraduate studies following their time with us. In other words, if you are due to graduate from an Undergraduate or Master’s degree in 2024, we want to hear from you.Our internships are open to current students in their penultimate year who are planning to return to one further year of undergraduate or postgraduate studies following their time with us. In other words, if you are due to graduate from an Undergraduate or Master’s degree in 2024, we want to hear from you.<ul><li>You’ll be on course for at least a 2:1 degree (or equivalent) in Actuarial Science, Mathematics, Statistics, Economics, Accountancy, Engineering, Chemistry or Physics.</li><li>As well as being able to demonstrate strong interpersonal skills, you’ll be good with numbers and able to speak and write fluently in business English.</li><li>You must, by the start of the employment, have permission to work in the UK.</li></ul>The Internship will take place from 26 June to 18 August 2023. The salary for our internship programme is £25,000 per annum (pro-rated).The closing date for applications is 3 March 2023, although opportunities may close earlier if we receive a high volume of applicants – therefore we recommend that you apply as soon as possible.

This is a great opportunity to gain insight and influence the way the group takes risk. There is real opportunity for you to add value in decision making and change the direction of the group at the highest level.Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!The TeamThe Underwriting Risk Analysis team sits within the wider Underwriting Risk and Reinsurance function which reports to the group CUO. Our role is to blend the skills and knowledge of capital modelling, reinsurance purchase and exposure management to drive understanding and quantification of underwriting risk such that we can enhance our decision making and create a competitive advantage.The RoleReporting to the Head of Underwriting Risk Analysis the Group Underwriting Risk Manager is responsible for ensuring that we fully understand the underwriting risks we face; that they are appropriately captured in the Internal Capital Model and that senior management are well placed to make the right decisions for the group.An important aspect of the role is to be able to effectively communicate the level of underwriting risk with the senior management team and provide detailed analysis to influence key strategic decisions across the group and challenge risk appetite. Analysis is principally conducted with reference to financial and catastrophe modelling tools but a broader perspective on the impact of different decisions is also vital requiring a commercial mindset and interaction with a wide range of people across the business.Principal Duties and Responsibilities<ul><li>Driving understanding and quantification of group underwriting risks</li><li>Working with the capital management team to coordinate updates to the group Internal Capital Model and ensure that the risk is suitably captured and monitored</li><li>Using technical skills and analysis to drive senior decision making</li><li>Developing improved ways to understand and communicate the risks we face</li><li>Preparing board papers to keep senior management teams informed and engaged in risk management</li><li>Analysing and challenging the group underwriting risk strategy and appetites</li></ul>Skills you must have<ul><li>5+yrs of capital modelling experience with a detailed understanding of underwriting risk and reinsurance</li><li>Good written/report writing skills and the ability to explain complicated ideas clearly</li></ul>Our nice to haves<ul><li>Aptitude for technical coding (we use SQL, R, VBA but no specific knowledge is essential).</li></ul>Diversity and Working PatternsAt 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 2 years that working life doesn’t always have to be in the office and 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.

London with Hybrid working - ave of 2/3 days in the office (22 Bishopsgate)Hiscox is on a journey to deliver best in class reserving amidst a period of significant growth and change. This team offers evolving career opportunities as we continue to expand and grow the influence of actuaries around the business.The Actuarial Function 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.Why work for us?This high profile 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.What makes Hiscox unique is that we are a large company with a small company feel. This means your role will be dynamic and you will be a key business partner.The roleYou will be a reserving actuary or senior analyst (depending on qualification status) in the Group reserving team reporting to the Group Reserving Actuary and working closely with the legal entity actuaries and analysts.This team is responsible for Group wide reserving policies, standards and systems and managing the quarterly the group process to collate entity level analysis and communicate results to senior management and key stakeholders across the business. In this role you will have a unique vantage point to maintain an overview of, and insight into, results and key judgements across the Group. As a less traditional actuarial role the successful applicant will develop a breadth of expertise in areas outside of typical reserving work, including financial planning & forecasting and accounting standards & processes.About you<ul><li>Technical experience – Strong technical experience of reserving across commercial and reinsurance lines of business. A genuine curiosity in the art of the possible and drive to continuously improve approaches</li><li>Commercial mindset – The role holder will need to be able to translate the actuarial results into business implications and identify consequences of decisions. This role also requires awareness and knowledge of industry changes, legal updates and technical developments related to applicable areas of Hiscox.</li><li>Communication – Confident communicator with an ability to communicate technical terms to a wider audience, combined with good interpersonal and relationship-building skills.</li></ul>Responsibilities<ul><li>Business partnering with key stakeholders across the business, providing new insights and add-value.</li><li>Contribute to the delivery of group processes and papers on a quarterly basis:<ul><li>Working closely with the owners of key processes that feed into reserving to ensure working day timetables can continue to be met.</li><li>Collation of entity-level reserving results into group reports and analysis.</li><li>Prepare Group audit committee papers.</li><li>Timely delivery of early-view ‘flash’ financial results for the Group CFO, including a view of prior year reserve development.</li><li>Coordinate and review accident year triangle analysis.</li></ul></li><li>Delivery of annual EBS BMA technical provisions and report for Group and the Hiscox Bermudian entity, to feed into the BSCR process.</li><li>Coordination of reserve risk inputs and assumptions.</li><li>Preparation of materials for rating analysts on Group reserves.</li><li>Respond to ad hoc requests from management, regulators and auditors as required, including liaising with the external actuaries.</li><li>Proactively contribute to the design and implementation of enhancements to existing processes and the creation of new reserving modeling tools and processes. This includes managing the monthly Change Control Forum to prioritise and plan reserving tool & system development.</li><li>Contribute to the growth of intellectual capital within the actuarial department through attendance and participation in professional development initiatives and events, as well as sharing of specialised expertise with other members of the team.</li></ul>A person in this position should meet the following requirements<ul><li>Minimum 2:1 degree</li><li>Nearly or newly qualified Actuary with the Institute and Faculty of Actuaries (or equivalent).</li><li>Non-life industry experience with a focus on Reserving.</li></ul>Diversity and Working PatternsAt 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 2 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.

The teamThe wider Group Capital Management (GCM) team is responsible for the capital modelling and capital management activities for the Group.The team is split into four subteams, each with business partnering responsibilities for specific parts of the Group. Each team member will also contribute to the Group’s general capital modelling activities through the allocation specialisms to individuals. The allocation of each specialism is not generally impacted by an individual’s subteam. Currently the team has sixteen members and operates through a hybrid model of working at home and in the office.The RoleThe capital manager is responsible for partnering with the relevant parts of the business to address capital management questions and running the Hiscox Integrated Capital Model (HICM) to produce relevant output. Needs to work closely with the retail entity senior management (especially the CFOs) with all of the capital management activities for their respective business units / risk carriers.The HICM produces regulatory and economic capital numbers for risk carriers, business units and for the group as a whole in addition to providing information to support numerous business decisions.The capital manager will need to understand the drivers of capital requirements for the relevant parts of the business and be able to monitor and explain these on an ongoing basis.The successful candidate will have management responsibility for producing risk profiles for our UK, US and Europe based risk carriers and be responsible for producing the capital components of the HIC and HSA Solvency II standard formula regulatory submissions.Mentoring more junior members of the team in the fundamentals of capital management and capital modelling is a large part of the capital manager’s responsibilities, so being able to robustly develop and support others is essential.Key responsibilities<ul><li>Line management responsibility for immediate team of four.</li><li>Delivery of the standard formula regulatory capital to different regulators in accordance with Hiscox policies and Solvency II requirements.</li><li>Production of risk profile information to enable the business and governance committees to monitor and manage against risk appetite and to feed into the production of the ORSA.</li><li>Liaison with the business to ensure suitable production of information to inform business decisions such as reinsurance purchase, asset strategy and capital allocation as well as supporting capital sections of risk carrier operating plans.</li><li>Ensuring internal and regulatory reporting requirements are met for the retail entities.</li><li>Providing support/additional resource on other non-retail entities deliverables where appropriate.</li><li>Input into the regular parameterisation process and validation exercise for the HICM across various risk categories and</li><li>Modelling inwards and outwards reinsurance scenario testing and other “what if” type analysis to maintain capital efficiency.</li><li>Promotion of model use by ensuring model outputs are timely and communicated effectively.</li><li>Ensuring business users of modelling information receive suitable training and understand risk drivers, diversification effects and any limitations of the model.</li></ul>Person specification:<ul><li>Qualified actuary with about five / six years’ experience in the non-life insurance industry. Please note that the years stipulated is just a guide to indicate the level of knowledge that we are looking for. Those with less years but with the right level of knowledge will naturally be considered.</li><li>Line management experience.</li><li>Experience in interpreting results of capital models essential.</li><li>Strong communication skills across range of stakeholders, including those not from a capital modelling background.</li><li>Knowledge of Solvency II standard formula requirements would be useful.</li></ul>Reporting relationships<ul><li>Reports into the Head of Group Capital Management.</li><li>Key internal relationships include the UK, Europe and US senior management.</li><li>Finance and FP&A teams, reserving and pricing teams, functional experts, reinsurance purchase team, the Group CRO and risk actuaries.</li></ul>Diversity and Working PatternsAt 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 2 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.

The roleThe capital manager is responsible for leading a team of 4 and partnering with the relevant parts of the business to address capital management questions and running the Hiscox Integrated Capital Model (HICM) to produce relevant output.The HICM produces regulatory and economic capital numbers for risk carriers, business units and for the group as a whole in addition to providing information to support numerous business decisions. The capital manager will also need to understand the other drivers of capital requirements for the relevant parts of the business and be able to monitor and explain these on an ongoing basis.The successful candidate will have management responsibility for producing risk profiles for our UK, US and Europe based risk carriers and be responsible for producing the capital components of the HIC and HSA regulatory submissions.Key responsibilities<ul><li>Line management responsibility for immediate team of four.</li><li>Delivery of the standard formula regulatory capital to different regulators in accordance with Hiscox policies and Solvency II requirements.</li><li>Production of risk profile information to enable the business and governance committees to monitor and manage against risk appetite and to feed into the production of the ORSA.</li><li>Liaison with the business to ensure suitable production of information to inform business decisions such as reinsurance purchase, asset strategy and capital allocation as well as supporting capital sections of risk carrier operating plans.</li><li>Ensuring internal and regulatory reporting requirements are met for the retail entities.</li><li>Providing support/additional resource on other non-retail entities deliverables where appropriate.</li><li>Input into the regular parameterisation process and validation exercise for the HICM across various risk categories and</li><li>Modelling inwards and outwards reinsurance scenario testing and other “what if” type analysis to maintain capital efficiency.</li><li>Promotion of model use by ensuring model outputs are timely and communicated effectively.</li><li>Ensuring business users of modelling information receive suitable training and understand risk drivers, diversification effects and any limitations of the model.</li></ul>Skills required<ul><li>Qualified Actuary</li><li>Line management experience.</li><li>Experience in the non-life insurance industry essential.</li><li>Good understanding of the fundamental concepts of general insurance.</li><li>Very strong analytical ability combined with a pragmatic and logical approach to problem-solving.</li><li>Experience in interpreting results of capital models essential.</li><li>Strong communication skills across range of stakeholders.</li><li>Good knowledge of Solvency II standard formula requirements.</li></ul>Reporting relationships<ul><li>Group Head of Capital Management.</li><li>Key internal relationships include UK, Europe and US CFOs, finance and FP&A teams, reserving and pricing teams, functional experts, reinsurance purchase team, the Group CRO and risk actuaries.</li><li>Key external relationships include auditors, peers at other comparable organisations, regulators (PRA, CAA), reinsurance brokers.</li></ul>

Reporting to: Head of Portfolio AnalyticsRole & Team:The Portfolio Analytics team is responsible for delivering outputs that drive decision making for the underwriting organization. At the heart of our underwriting management team, the team works across all lines of business, geographies and distributions. The primary function of this role is to run loss ratio planning / parameterization for up to eight lines of business. This will include owning and managing relationships with product leadership and delivering outputs that drive the business strategy for the company.There is also the opportunity to get involved in other actuarial processes and projects. These could include assumptions analysis and tracking, profitability analysis, analysis of reinsurance structures, management reporting, and other special projects.The role is best suited for someone who is looking to get close to the business and demonstrate ownership over the outputs of their analyses. We’re looking for someone comfortable in an environment where variety and change is the norm. You will have the opportunity to create from scratch and will not be “pushing a button” in a repetitive process.In this role, we will look to you to offer your own ideas and insights and take a point of view on questions relating to the business. We are continuously looking for innovative ways to deliver analysis and improve existing processes, while adhering to actuarial best practices and ensuring excellent communication with all stakeholders.This is a fantastic opportunity to join Hiscox USA, a growing business where you will be able to make a real impact. You will become part of a team that is leading technical excellence within the company and working to develop and deploy strong analytical and technical capabilities that enable us to deliver on our business goals.Key Responsibilities:<ul><li>Run the business planning process for up to eight lines of business, coordinating with underwriting leadership, reserving, pricing and capital modeling teams to determine expected profitability for all US lines</li><li>Support quarterly reserving by ensuring an efficient process and coordinate with the US Finance teams to promote transparency around reserving</li><li>Create and update management reports and analyses to deliver insight on business performance and emerging issues</li><li>Perform statistical analysis of US business to assess volatility</li><li>Perform ad-hoc deep dives and profitability analysis</li></ul>Salary range for a Band II roles is $50,000 to $250,000Required<ul><li>5+ years of experience in an actuarial role</li><li>ACAS qualification or higher strongly preferred</li><li>Bachelor’s degree or equivalent experience in a relevant field.</li><li>Strong technical, analytical and data skills</li><li>Proactive nature and ability to get things done when faced with new tasks and uncertainty around final outputs</li><li>Strong time management skills and ability to prioritize</li><li>Experience building strong business relationships</li><li>Superior oral and written communication skills with an ability to explain insights and convey technical concepts to audiences of different levels of seniority and technical backgrounds</li><li>Specialty and casualty commercial lines experience</li></ul>Preferred<ul><li>Experience with loss ratio planning for a P&C insurance company</li><li>Experience pulling and manipulating data using SQL</li></ul>Compensation OverviewThe annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

<div>About the team/divisionOur team of over twenty underwriters and analysts focus on Property lines written within the London Market. Methods of placement range from Binders and line slips to direct and facultative, shared and layered open market placements.We are looking for a senior analyst to join our pricing team on to work on the Binders side. The role will involve a mix of risk pricing, portfolio analytics, research, model &nbsp;development and process improvements.The strategy for the Property team is to build upon a profitable, enviable book of core clients and coverholders. We actively manage the size of the portfolio based on market conditions and our internal view of risk.Expectations are high, but the team enjoy a well-established, lead market position and have an excellent track record of outperforming our peers &ndash; the challenge will be not just to maintain this, but to drive it forward in an ever evolving market place.&nbsp;The RoleWhat you&rsquo;ll be doing in the role<ul><li>Working day to day with the underwriters to supporting the underwriting process via risk pricing, analytics and reporting.</li><li>Working with IT and change teams across a mix of continuous improvement tasks, bug fixes and broader project work as part of the HiscoxPlus, Bordereaux Data and Exposure Management improvement workstreams.</li><li>Performing portfolio optimisation and other analytical work with a laser focus on commercially applicable results.</li><li>Enhancing our view of risk via research projects. Working with our group cat research and data science teams to further our understanding of property perils.</li><li>Support the pricing team with our regular deliverables such as loss ratio parameterisation, QMB returns, reforecast EP curves and RI purchase exhibits.</li></ul>The CandidateWe are looking for an individual who is highly analytical, driven and detail orientated with a passion for excellent execution. You will need to be articulate and exhibit a track record of good decision making skills, working under pressure and to tight deadlines, with an ability to quickly understand problems and create and implement solutions. As a senior analyst pricing or catastrophe modelling experience is required but more important is an extremely good understanding of the nuances involved in performing detailed analytics combined with a strong commercial mindset.&nbsp;Our must haves<ul><li>Good mathematical and analytical skills; the team is primarily involved in catastrophe modelling and actuarial analysis and the individual must be willing to embrace and develop this aspect of risk selection.</li><li>At least 2 years of insurance pricing, catastrophe modelling or similar experience.</li><li>Good working knowledge of at least one of SQL / R or Python and at least one of Excel / Tableau or Power BI.</li><li>A driven individual and effective team worker.</li><li>Ability to prioritise work and manage effectively and accurately under pressure, ensuring that deadlines are met.</li><li>A confident communicator with demonstrable communication skills, both oral and written.</li></ul>&nbsp;Nice to have<ul><li>4 plus years of pricing, catastrophe modelling or similar experience.</li><li>Related actuarial experience such as insurance reserving, capital modelling or reinsurance analytics.</li><li>Experience of London market binder business.</li></ul>&nbsp;About HiscoxAs 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.You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)&nbsp;Diversity and Working PatternsAt Hiscox we care about our people. We hire the best people for the job and we&rsquo;re committed to diversity and creating a truly inclusive culture, which we believe drives success. &nbsp;We have also learned that working life doesn&rsquo;t always have to be in the office and 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.</div>

<div>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 business units.It is an exciting time for Hiscox actuarial as the delivery of new reserving tools progresses and we look forward to further change projects encompassing the IFRS 17 accounting changes. We are on a continuous journey to ensure we are the leading Actuarial Function in the market.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 also into underwriting, and Finance roles.This is a role with exposure to senior stakeholders via the quarterly reserving cycle and throughout the year as we work with other areas of the business in capital, pricing, underwriting and risk.The roleYou will be working with a Reserving Actuary led team of two people focused on reinsurance and property classes, as well as catastrophe events in general. This will be across both Hiscox Syndicates and the HIB Bermuda entity.The role has a key business partnering aspect with the relevant  business units in respect of underwriting, claims, pricing actuaries and finance.You will be responsible for working as part of the team undertaking a quarterly cycle of reserve assessment in order to inform business performance and satisfy regulatory and statutory requirements. 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.We are currently part way through embedding a transformation project that will enhance the data, tools, processes, reporting,  accuracy, controls and governance of the reserving analysis and this role is expected to play a material part in this.About you<ul><li>Results driven - This role requires a highly results driven individual with energy and determination to succeed in a very fast paced environment.</li><li>Resilience - You will need to be resilient in your approach with stakeholders and thrive in challenging situations that others would shy away from.</li><li>Commercial awareness - A genuine commercial operator: streetwise and a certain toughness of spirit. A genuine interest in the business environment we operate in and commitment to success at Hiscox.</li><li>Problem solving – Very strong analytical ability combined with a pragmatic and logical approach to problem-solving.</li><li>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</li><li>Collaborator – Work collaboratively on a range of projects / internal responsibilities and manage priorities appropriately.</li><li>Mentor – Act as a mentor to junior team members to aid their development as reserving actuaries.</li><li>Communication - Confident communicator with an ability to communicate technical terms to a wider audience.</li></ul>Responsibilities<ul><li>Business partnering with key stakeholders across the business, providing new insights and commercial value.</li><li>Delivery of quarterly review of IFRS reserves and Solvency II technical provisions. </li><ul><li>Applying appropriate reserving techniques and expert judgment, combined with articulating and documenting key judgments to a wide range of stakeholders.</li><li>Timely delivery and communication of results to management, relevant committees and heads of underwriting business units.</li><li>Ensure governance and professional standards are met.</li></ul><li>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)</li><li>Manage and review junior analysts’ work, providing timely performance feedback and training to ensure high professional standards are met at all times.</li><li>Develop expertise in reserving class knowledge,  processes or methodologies.</li><li>Ongoing development and enhancement of actuarial methods and diagnostic tools applied in reserving analyses and monitoring of loss trends.</li><li>Proactively contribute to the design and implementation of enhancements to existing processes and  the creation of new reserving modelling 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.</li><li>Contribute to the growth of intellectual capital within the actuarial department through attendance and participation in professional development initiatives and events, as well as sharing of specialized expertise with other members of the team.</li><li>Contribute to IFRS17 deliverables as required.</li></ul>Person specificationA person in this position should meet the following requirements:<ul><li>Experience with reinsurance business and/or the reserving of catastrophe events whilst not necessary, would be ideal.</li><li>Making solid progress through the exams of the Institute & Faculty of Actuaries (or equivalent). Hiscox offer a competitive study support and reward package for Actuarial examinations.</li><li>At least 2 years of experience in one or more core actuarial disciplines</li><li>Proven ability to demonstrate ownership of a task to completion including review of your own work</li><li>Ability to demonstrate initiative in order to achieve task independently</li><li>A developing knowledge of Hiscox businesses and how the actuarial functions support the Hiscox purpose</li><li>Strong potential to succeed as an actuary at Hiscox</li></ul>Other desired skills & characteristics<ul><li>Intermediate to advanced  Excel, SQL, Access, VBA capabilities; additional experience with Tyche, ResQ, Tableau, and/or similar applications is a plus.</li><li>Experienced reserving knowledge, including Solvency II technical provisions.</li><li>Experience of working in non-reserving functions for breadth of knowledge</li><li>Demonstrable process improvement experience.</li></ul>Why 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 ins 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. You can follow us on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)Diversity and Working PatternsAt 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 2 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.</div>

Actuarial jobs at Hiscox