Reserving and Portfolio Analytics Actuary

WHO WE ARE

Nephila Capital Ltd is a leading ILS investment manager specialising in catastrophe reinsurance and, more recently, specialty risk. The firm is headquartered in Bermuda, with offices in Nashville, and London.

Nephila Syndicate Management (NSM) is an important part of Nephila Group, managing 3 syndicates, as well as the broader Specialty portfolio.  NSM manages one of the largest catastrophe syndicates in Lloyd’s (2357), a follow-only syndicate writing across multiple specialty lines both inside and outside of Lloyd’s (2358), and, from 2026, a second catastrophe syndicate in Lloyd’s (2359).

The NSM team is small, so has a collaborative, energetic and hands-on working environment, embracing both the entrepreneurial culture of Nephila and the prudential oversight of Lloyd’s. The successful applicant will enjoy contributing to a wide range of cross-team objectives. 

WHAT WE VALUE:

• Entrepreneurial spirit


• Thinking outside the box


• Collaboration, curiosity and authenticity  


• Interesting and innovative work


• Autonomy and ownership

ABOUT THE ROLE

NSM’s Actuarial and Exposure-Management team is small, this role would be the fifth actuary in the team. The size means that all members are involved in a wide range of aspects of NSM and input into the broader Nephila group. The successful candidate will engage with senior stakeholders across the syndicate team, including members of the Executive Committee and NEDs.

This is an exciting opportunity for a nearly or newly qualified actuary, this is anything but a BAU Reserving role. Although reserving and valuation will be the main focus of the role, there is scope for the successful candidate to be involved in many areas of the business.

The role reports to the Reserving & Portfolio Analytics Actuary and will support the managing agency and specialty funds in valuation and reserving.

In this role, you will: 

Reserving/Valuation

• Deliver quarterly reserving processes, including RITC Margins, calculating SII TPs, monthly roll-forwards, and present reserves to the Reserving Committee


• Perform valuation duties, specifically for Nephila’s Specialty fund


• Troubleshoot and debug Reserving and other Calculation Engines (SQL-based scripts) when issues arise


• Engage closely with the Finance team to ensure alignment across financial and actuarial results


• Partner with the Claims and Underwriting to understand how deals are performing


• Work closely with valuation teams across the Nephila Group


• Assist with parametrisation and review of Reserve Risk


• Work with Auditors/SAO actuaries to understand the reserves


• Conduct 3-yearly Internal Audit review of Reserving Processes

Portfolio Analytics

• Provide feedback to Syndicate Management Committee on performance of Specialty Deals.


• Create self-serve dashboards to help other areas of the business understand performance.


• Assist in renewal conversations/pricing parameterisation.

Other

• Contribute to pricing, capital and other functions as required


• Possess the ability to expand your scope of work to other areas as needed
  

ABOUT YOU

• Clear, authentic communicator with strong presentational skills and experience of report writing


• Asks the right questions, willing to contribute to discussions and bring ideas.


• Comfort with ambiguity, ability to explain selections even when the data is limited.


• Creative problem solving, when new problems arise, can come up with efficient solutions.


• Learns from mistakes, when things go wrong, understanding why and, if possible, taking corrective action.

WHAT YOU BRING TO THE TEAM (Qualification)

• Actuarial professional – nearly or newly qualified actuary, approximately 2-4 years experience


• Numerical degree, minimum 2:1 class or equivalent


• Maths or Statistics ‘A’ Level or equivalent


• Advanced use of Microsoft Excel as well as some experience coding/debugging code.


• Reserving experience is preferred


• Desirable: Experience in SQL and Power Query


• Experience in or willingness to learn: Microsoft Power BI as well as R or Python


• Ability to work in our London office 5 days a week most weeks

WHAT WE OFFER:

• Comprehensive private medical cover for medical, dental and vision fully funded by the company


• Paid time off of 25 days per year, increasing with tenure, plus sick days and 8 paid holidays


• Pension scheme


• Annual wellness benefit up to £750


• Variety of paid leave policies


• Daily lunch when working from a Nephila office