AVP, Pricing Actuary

We’re looking for an AVP, Pricing Actuary.

Based in the US and reporting to the Head of Pricing, US, this role will contribute and add value to the Actuarial team and to Hamilton groupwide through providing pricing support and analysis as well as specific project-based work. 

Hamilton Select is our US excess and surplus lines insurer based in Richmond, Virginia underwriting hard-to-place accounts in the small and middle-market space through an appointed wholesale broker network.

What you will do

• Monthly calculation and reporting renewal rate change
• Perform periodic product reviews for each underwriting division
• 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
• 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).

What you require for the role

• ACAS or FCAS preferred
• At least four years’ experience within the P&C insurance and/or reinsurance industry focused on actuarial analyses
• Experience calculating and reporting renewal rate change indications
• Familiarity with reinsurance terms, structures, and data
• Demonstrable ability to effectively communicate pricing and analytical findings
• Experience with programming in VBA, SQL, R and/or Python preferred
• Experience with Verisk/ISO rating and the ISO Commercial Lines Manual
• 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

What you can expect from us

We offer a vibrant, entrepreneurial, and collaborative culture guided by our values: Be Smart, Be Sensible, Be Open and Be More.

We know if we welcome and respect differences, we’ll attract and retain talent that brings a valuable diversity of perspectives and experience. We want all our colleagues to feel that they can bring their whole selves to work at Hamilton and know that they can be part of building a great company.

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.