At a Glance
- Tasks: Lead a global team in catastrophe modelling and pricing for reinsurance across Europe and Asia Pacific.
- Company: Dynamic reinsurance firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Make a significant impact in the reinsurance industry while tackling global challenges like climate change.
- Qualifications: 10+ years in treaty reinsurance with strong negotiation and communication skills.
- Other info: Join a forward-thinking team dedicated to excellence and continuous improvement.
The predicted salary is between 72000 - 108000 £ per year.
Manage the International Reinsurance Catastrophe Modelling team in the pricing and accumulation monitoring of catastrophe exposures. The remit of the role is global excluding Americas & Caribbean.
Job Details:
- Manage catastrophe pricing for reinsurance in Zug and Singapore, covering Europe and Asia Pacific.
- Oversight of the Probable Maximum Loss process for International Reinsurance, including the following:
- Monthly roll-up for modelled perils
- Derivation of non-modelled perils
- Completion of reconciliation process quarterly to meet Audit requirements
- Undertake and review validation of external catastrophe models in key peril-regions within the scope of the role, including presentation of results to Chief Reinsurance Actuary and company management.
- Manage completion of catastrophe modelling elements for regulatory returns, fulfilling FINMA (Swiss regulator) requirements as required by Swiss OpCo, likewise for MAS (Singaporean regulator) in respect of Singapore branch and Lloyd's for Singapore service company.
- Catastrophe event reporting – ensure the production of accurate and timely information in respect of natural catastrophe events in Europe and Asia Pacific. Communication of results to underwriting and senior management.
- Modelling process – collaborate with other senior leaders of the Catastrophe Modelling group to ensure best practice regarding installation and optimisation of vendor software. Research and recommend ways in which the process can be improved through in-house development or software acquisition.
- Support the Chief Reinsurance Actuary as a member of the Catastrophe Modelling Management Team on matters and initiatives relating to catastrophe business, e.g., climate change, exposure management, validation policy, selection/renewal of models, determination of peril-regions to validate.
Person Specification:
- 10+ years’ experience of treaty reinsurance (underwriting or broking).
- Established expertise with RI products (particularly Property).
- Broad Broker and Client relationships in Europe required with the ability to generate new relationships with brokers and cedants.
- Contract wording expertise and an in-depth understanding of actuarial and cat modelling pricing techniques are beneficial.
- Excellent negotiation skills.
- Strong communication skills required and comfortable working within an underwriting team sharing views on risk, strategy and market trends.
- Ability to multitask, work independently to deadlines and solve problems. Must be highly organized, accurate and detail-oriented.
Vice President, International Reinsurance Treaty (Cat Modelling) in England employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vice President, International Reinsurance Treaty (Cat Modelling) in England
✨Network Like a Pro
Get out there and connect with industry professionals! Attend conferences, webinars, or local meetups related to reinsurance and catastrophe modelling. We can’t stress enough how important it is to build relationships that could lead to job opportunities.
✨Showcase Your Expertise
When you get the chance to chat with potential employers, don’t hold back on sharing your knowledge. Discuss your experience with RI products and your insights on market trends. We want to see you shine and demonstrate why you’re the perfect fit for the role!
✨Prepare for Interviews
Do your homework before any interview! Understand the company’s approach to catastrophe modelling and be ready to discuss how you can contribute. We recommend practising common interview questions and preparing examples from your past experiences that highlight your skills.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. Let’s get you that dream role in catastrophe modelling!
We think you need these skills to ace Vice President, International Reinsurance Treaty (Cat Modelling) in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Vice President, International Reinsurance Treaty. Highlight your experience in catastrophe modelling and treaty reinsurance, especially your expertise with RI products and any relevant relationships you've built in Europe.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of your past achievements in managing catastrophe pricing and how you’ve successfully collaborated with teams to improve processes.
Showcase Your Communication Skills: Since strong communication skills are key for this position, make sure to demonstrate your ability to convey complex information clearly. Use your application to show how you've effectively communicated results to senior management in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at Allied World
✨Know Your Catastrophe Modelling Inside Out
Make sure you brush up on your knowledge of catastrophe modelling techniques and the specific software used in the industry. Be prepared to discuss how you've applied these skills in previous roles, especially in relation to pricing and risk assessment.
✨Showcase Your Relationship-Building Skills
Since this role requires strong broker and client relationships, think of examples where you've successfully built or maintained these connections. Be ready to share how you can leverage these relationships to benefit the company and enhance its market presence.
✨Prepare for Regulatory Discussions
Familiarise yourself with the regulatory requirements for both FINMA and MAS, as well as Lloyd's standards. Be prepared to discuss how you've navigated similar regulatory landscapes in the past and how you would ensure compliance in this role.
✨Demonstrate Your Problem-Solving Abilities
Think of specific instances where you've tackled complex problems in catastrophe modelling or pricing. Highlight your analytical skills and how you approach challenges, especially in a fast-paced environment where multitasking is key.