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Reserving Manager job in Atlanta

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Atlanta Hiscox Ltd

Job Ref:  R0015846
Employer:  Hiscox Ltd
Sector:  P&C/General Insurance/Non-Life
Qualifications:  Fully Qualified Actuary
Software:  ResQ
SQL
Tableau
Tyche
Job Type:  Full Time
Salary and Benefits:  $189,000 - $212,000
Remote:  No

Location

Country:  United States
City:  Atlanta
Post Code:  Not specified
Map: 

Description

Job Type:
Permanent

Build a brilliant future with Hiscox

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 centralized 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. We are on a continuous journey to ensure we are the leading Actuarial Function in the market.

With many future areas of growth anticipated, coupled with the role actuaries increasingly have in the wider business, this team offers career opportunities as we continue to grow in influence.

Why work for us?

This important 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. You will engage daily with the US Chief Actuary, as well as finance, claims, and underwriting professionals to deliver timely business insight through reserving analysis.

What makes Hiscox unique is that we are a large global company with a small company feel. This means your role will be dynamic and you will be a key business partner. As we are growing and embracing transformational change, you will be integral on the journey to shape our future.

The Role

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. You will build effective working relationships across many different stakeholders throughout the entire business (internal and external). You will specialize 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. All members of the team are expected to develop expertise in more than one area and to contribute on an ongoing basis to continual process improvements.

Being highly organized and efficient will be critical in this role, with the ability to manage your own workload 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 and to 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:

  • Conducting reserve analysis and lead initial review work; Able to build new reserving models and parameterize existing models with supporting work in ResQ (development curves, IELRs, method selection, etc.) and able to articulate and document key judgments to senior actuaries


  • Help train junior members of the Group Actuarial team


  • Develop strong working relationships with key stakeholders across the business


  • Key contributor and initiator to Actuarial and Finance projects


  • Business partnering, bringing new insights and adding value


  • Operate key reserving controls and work within a peer review framework


Person Specification

  • Must be familiar with standard reserving methods and have hands-on experience of parameterizing development curves, selecting IELRs, justifying modeled results to senior managers, and explaining those results to organizational leadership. A solid understanding of ratemaking principles (loss cost trend, on-leveling, etc.) is also important.


  • Experience with IFRS 17 and Solvency II concepts would be beneficial as would any report production experience (e.g. Reserving Committee packs).


  • Credible across the business and able to build strong relationships, in particular with underwriters, pricing actuaries, and claims and finance professionals


  • 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


  • Excellent written and verbal communication skills; Capable of working with people at all levels internal and external to the business


  • Must be able to demonstrate significant achievement in your pursuits to-date


  • Experience working in non-reserving functions for breadth of knowledge

Commercial Awareness
  • 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.


  • Good financial acumen and intuition, with an ability to handle large and complex datasets


Qualifications & Experience

  • Minimum bachelor's degree from accredited university
  • Qualified or near-qualified Actuary
  • At least 7 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
  • Demonstrable process improvement experience
  • Experience with SQL and general data management
  • Experience with relevant software tools such as ResQ, Tableau, Tyche, or similar applications desirable


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 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 us on LinkedIn, Glassdoor, and Instagram (@HiscoxInsurance).

Salary Range - $189,000 - $212,000

#LI-EA1

Work with amazing people and be part of a unique culture
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