The posting
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 do
- 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.
Requirements
What you require for the role
- Minimum 8 years of experience within the P&C insurance and/or reinsurance industry required
- At least 4 years of experience pricing Casualty Reinsurance contracts preferred
- ACAS or FCAS (or progress towards)
- Experience within the P&C insurance and/or reinsurance industry, preferably focused on Casualty Reinsurance
- Experience with programming in VBA, SQL, R and/or Python preferred
- 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
Conduct Standards
- 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
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 working
- Matching 401K plan
- Medical, dental, vision, life, disability
- Generous time off (including parental leave)
- Continued support for professional development
- Gym subsidy
- My day (additional days leave for personal interests/wellness/charity work)
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.
