Jobs · New Jersey

Reinsurance Pricing Actuary

Hamilton · Pennington, NJ · 1 wk ago
HybridFull-time
In good companyHamilton (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. 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. What you will doPrice reinsurance contracts across Casualty, Specialty and other classesConduct profitability studies in various segments of the portfolioMaintain and update pricing models, pricing parameters, and data tables supporting underwriting divisions rating algorithmsAssist in reporting underwriting results to Company and Group leadershipCollaborate with other departments including underwriting, claims, and ITAssist in the production, interpretation and clear communication of analyses to support ad-hoc projectsComplete benchmarking studies using internal and external data sourcesAnalysis of claims trends to improve prediction of likely outcomesSupport the future development of the actuarial pricing function and any associated business development workSupport 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. Requirements What you require for the roleMinimum 8 years of experience within the P&C insurance and/or reinsurance industry requiredAt least 4 years of experience pricing Casualty Reinsurance contracts preferredACAS or FCAS (or progress towards)Experience within the P&C insurance and/or reinsurance industry, preferably focused on Casualty ReinsuranceExperience with programming in VBA, SQL, R and/or Python preferredClear understanding of reinsurance terms, structures, and dataHands-on, proactive and flexible, with strong organizational skills and the ability to prioritize effectively in a fast paced, changing environmentDemonstrable ability to effectively communicate pricing and analytical findingsTechnical expertise & capabilities within the actuarial fieldAbility to productively leverage data and technologyAbility to work both independently and collaboratively Conduct Standards You must act with integrityYou must act with due skill, care and diligenceYou must be open and cooperative with the FCA, the PRA and other regulatorsYou must pay due regard to the interests of customers and treat them fairlyYou must observe proper standards of market conductYou must act to deliver good outcomes for retail customers Benefits 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 we've built together. We embrace individuality, value diverse perspectives, and recognise the unique contribution each person makes to our continued success. Hamilton offers a competitive salary with an annual performance-based target bonus and a comprehensive benefits package, to include: Hybrid workingMatching 401K planMedical, dental, vision, life, disabilityGenerous time off (including parental leave)Continued support for professional developmentGym subsidyMy day (additional days leave for personal interests/wellness/charity work)

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