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Assistant Portfolio Analyst - Job Opportunity at Hiscox Re & ILS

London, United Kingdom
Full-time
Entry-level
Posted: April 16, 2025
Hybrid
GBP 35,000 - 45,000 per year based on London market rates for entry-level quantitative roles in reinsurance

Benefits

Hybrid working arrangement with minimum 2 days office presence
Career development opportunities in global reinsurance
Modern technology stack and tools
Collaborative international work environment

Key Responsibilities

Build and optimize portfolio analysis models using advanced data science techniques
Analyze and balance risk against available capital to optimize returns
Shape long-term strategy through data-driven insights
Create and maintain data visualizations for strategic decision making
Validate and manage data integrity across group reporting
Modernize business processes through technology implementation

Requirements

Education

2:1 or higher degree in Mathematics, Physics, Computing, or Data Science from a leading university

Experience

0-2 years

Required Skills

SQL Snowflake Python Statistical analysis Data visualization Strong communication skills Creative problem-solving Analytical thinking Portfolio management understanding
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Sauge AI Market Intelligence

Industry Trends

The reinsurance industry is experiencing rapid digital transformation, with increased focus on data-driven decision making and algorithmic underwriting Growing importance of AI/ML in risk assessment and portfolio optimization is creating new opportunities for technical analysts Rise of Insurance-Linked Securities (ILS) is driving demand for quantitative skills in traditional reinsurance firms

Role Significance

Likely part of a specialized analytics team of 5-10 professionals supporting broader underwriting operations
Junior role with direct impact on portfolio strategy and risk management decisions

Key Projects

Portfolio optimization and risk modeling Capital allocation analysis Underwriting strategy support Technology modernization initiatives

Success Factors

Strong foundation in quantitative methods combined with business acumen Ability to translate complex technical concepts for non-technical stakeholders Proactive learning mindset in a rapidly evolving technical landscape Balance between analytical precision and practical business application

Market Demand

High demand with growing trajectory as reinsurance firms compete with fintech and traditional finance for quantitative talent

Important Skills

Critical Skills

Data science and programming skills for model development and automation Statistical analysis capabilities for risk assessment Communication skills for stakeholder management

Beneficial Skills

Knowledge of insurance/reinsurance principles Experience with AI/ML applications Understanding of capital markets and ILS

Unique Aspects

Rare opportunity to combine quantitative skills with reinsurance in a specialist firm
Direct exposure to both traditional reinsurance and modern ILS markets
Strong focus on technology and innovation in a traditional industry

Career Growth

2-3 years in role before advancement, with accelerated progression possible based on impact and skill development

Potential Next Roles

Senior Portfolio Analyst Quantitative Risk Manager Data Science Team Lead Underwriting Analytics Manager

Company Overview

Hiscox Re & ILS

Hiscox is a global specialist insurer with a strong presence in unique and high-value risk markets, known for innovation in the reinsurance and ILS space

Leading position in specialty insurance and reinsurance, particularly strong in London and Bermuda markets
Strategic London office focusing on European and global reinsurance operations
Progressive, tech-forward environment with emphasis on innovation and professional development
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