Vice President, Investment Team

What we do:

At Ledger Investing, what we are building includes a risk marketplace, an asset management arm (we run an investment fund with in excess of  $170M in capital currently managed through our platform), and a broker dealer all built on our data pipeline Ledger Connect. Risk originators, like insurers and brokers, come to us to gain access to the capital markets but stay for Ledger Connect and the platform’s seamless integration and data services. Investors, like pension plans and other institutional investors, get access to an asset class that is completely uncorrelated with traditional financial asset classes.

Ledger's Investment Manager operates at the intersection of technology, finance and insurance. We are looking to add a stellar individual to our investment team. Ledger’s Investment Manager is responsible for all aspects of Ledger’s investment funds. This includes investing in securities that have exposure to casualty insurance risks that the team is responsible for structuring, evaluating, pricing and monitoring for our investors. The investment management team is also responsible for developing all investor focused products  that align with our goal of bringing unparalleled data analytics and transparency to investing in insurance risk as an asset class.

Data is critical to the success of Ledger and its managed funds. Our investment platform is built on a real time data pipeline that connects us into the underwriting and claims management systems of risk originators. The investment team makes investment decisions using this technology stack, developed by our Engineering and Data Science teams. The position will involve developing products in conjunction with our Engineering and Data Science teams for the benefit of our investors and reporting directly to the Chief Investment Officer.

You will be working on:

• Managing a portfolio for the first casualty risk focused ILS fund in the world.
• Blending portfolio-specific and industry-wide data to optimize the bias-variance tradeoff.
• Empirically estimating underwriting team skill based on historical performance.
• Building stochastic estimates of asset cash flows based on loss ratio forecasts and loss development patterns.
• Dynamically updating asset valuations in real-time based on current policy and claims data.
• Forecasting the ultimate disposition of insurance claims that are still open.
• Accounting for material shifts in the composition of a portfolio over time.
• Managing multiple investment portfolios
• Shepherding deals from initial assessment to investment committee
• Building a platform to allow investors unprecedented insights into their investments.

If these problems sound fun and interesting, we'd love to have you on our team. We offer competitive compensation, including company stock options. Our headquarters are in New York, but this position can be full-time remote as we are a natively all remote company.

About You:

Successful candidates will have all of the following attributes:

• 5 years experience in insurance, finance or a related field; Exposure to an investment related function is preferred but not required
• Extensive knowledge of statistics, stochastic modeling and an interest in machine learning, and data science; Degree in statistics, computer science or a related field preferred but not required.
• Familiarity with hierarchical modeling, time-series/state-space methods, and/or distribution fitting.
• Demonstrated track record of applying and adapting statistical methods to solve complex real-world problems.
• Experience with Python, Matlab or other open-source languages with strong numerical computing ecosystems. Ability to produce analyses that are reproducible and easy to understand/modify.
• Interested in Asset Management and data driven investing.
• Ability to work independently and communicate ideas effectively.

The following attributes will help candidates stand out from the crowd:

• Working knowledge of property & casualty insurance and finance
• A background in structured credit
• Familiarity with version control, especially Git/GitHub.
• Working knowledge of APIs
• Experience reviewing contract in insurance or structured credit

We offer competitive compensation, including company stock options. Our headquarters are in New York, but this position will be full-time remote.

Benefits:

• Generous salary and equity compensation
• Work from anywhere
• Unlimited paid vacation time
• 401k
• Medical, dental, and vision insurance
• Gym membership
• $5,000 paid by Ledger towards your dream desk setup!