Reinsurance Pricing Actuary

Hamilton Insurance Group•Pennington, NJ

1d•Hybrid

About The Position

We’re looking for a Reinsurance Pricing Actuary. Based in our Pennington, NJ office, this role is eligible for a hybrid or remote work arrangement. Reporting to the Head of Pricing US, Hamilton Re and Hamilton Select, this newly created position will play a key role in supporting the US-based Actuarial team, by delivering Casualty pricing support and analysis as well as contributing to a variety of strategic and project-based initiatives. Hamilton Re is our Bermuda insurer underwriting property, casualty and specialty insurance and reinsurance on a global basis. Hamilton Select is our US domestic excess and surplus (E&S) carrier and writes P&C insurance for small- to mid-sized clients in the hard-to-place niche of the US E&S market.

Requirements

Minimum 8 years of experience within the P&C insurance and/or reinsurance industry required
ACAS or FCAS (or progress towards)
Experience within the P&C insurance and/or reinsurance industry, preferably focused on Casualty Reinsurance
Clear understanding of reinsurance terms, structures, and data
Hands-on, proactive and flexible, with strong organizational skills and the ability to prioritize effectively in a fast paced, changing environment
Demonstrable ability to effectively communicate pricing and analytical findings
Technical expertise & capabilities within the actuarial field
Ability to productively leverage data and technology
Ability to work both independently and collaboratively
You must act with integrity
You must act with due skill, care and diligence
You must be open and cooperative with the FCA, the PRA and other regulators
You must pay due regard to the interests of customers and treat them fairly
You must observe proper standards of market conduct
You must act to deliver good outcomes for retail customers

Nice To Haves

At least 4 years of experience pricing Casualty Reinsurance contracts preferred
Experience with programming in VBA, SQL, R and/or Python preferred

Responsibilities

Price reinsurance contracts across Casualty, Specialty and other classes
Conduct profitability studies in various segments of the portfolio
Maintain and update pricing models, pricing parameters, and data tables supporting underwriting divisions rating algorithms
Assist in reporting underwriting results to Company and Group leadership
Collaborate with other departments including underwriting, claims, and IT
Assist in the production, interpretation and clear communication of analyses to support ad-hoc projects
Complete benchmarking studies using internal and external data sources
Analysis of claims trends to improve prediction of likely outcomes
Support the future development of the actuarial pricing function and any associated business development work
Support various other projects within the reserving and actuarial teams (e.g. claims inflation, reinsurance solutions, claims performance metrics and reserving trend analysis) primarily for Hamilton Re and secondarily for Hamilton Select.