Vice President, International Reinsurance Treaty (Cat Modelling) in Slough
Vice President, International Reinsurance Treaty (Cat Modelling)

Vice President, International Reinsurance Treaty (Cat Modelling) in Slough

Slough Full-Time 72000 - 108000 £ / year (est.) No home office possible
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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:
  • 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, communicating 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 Slough employer: Allied World

    As a leading player in the international reinsurance market, our company offers an exceptional work environment that fosters innovation and collaboration. With a strong focus on employee development, we provide ample opportunities for growth and advancement within our dynamic teams located in Zug and Singapore. Our commitment to a supportive work culture, combined with competitive benefits and the chance to engage in meaningful projects addressing global challenges, makes us an outstanding employer for those seeking a rewarding career in catastrophe modelling.
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    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 Slough

    ✨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 about catastrophe pricing and risk management. We want to see you shine and demonstrate your understanding of the market trends and challenges in Europe and Asia Pacific.

    ✨Prepare for Interviews

    Do your homework before interviews! Familiarise yourself with the company’s recent projects and their approach to catastrophe modelling. We recommend preparing some insightful questions that show you’re genuinely interested in their operations and how you can contribute.

    ✨Apply Through Our Website

    Don’t forget to check out our website for the latest job openings! Applying directly through us not only streamlines the process but also shows your enthusiasm for joining our team. We’re excited to see your application!

    We think you need these skills to ace Vice President, International Reinsurance Treaty (Cat Modelling) in Slough

    Catastrophe Modelling
    Pricing Techniques
    Probable Maximum Loss Process
    Regulatory Compliance (FINMA, MAS)
    Data Validation
    Communication Skills
    Negotiation Skills
    Relationship Management
    Project Management
    Attention to Detail
    Problem-Solving Skills
    Organisational Skills
    Software Installation and Optimisation
    Research and Development

    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, and don’t forget to showcase your established relationships 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 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 Models

    Make sure you brush up on your knowledge of catastrophe modelling techniques and the specific models used in the industry. Be prepared to discuss how you've validated external models in the past and any insights you've gained from that process.

    ✨Showcase Your Relationship 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 generate new business opportunities.

    ✨Demonstrate Your Regulatory Knowledge

    Familiarise yourself with the regulatory requirements for FINMA and MAS, as well as Lloyd's standards. During the interview, highlight your experience in ensuring compliance and how you’ve managed regulatory returns in previous roles.

    ✨Prepare for Scenario Questions

    Expect to face scenario-based questions that assess your problem-solving skills and ability to multitask. Think of specific instances where you've had to manage multiple priorities under tight deadlines and how you navigated those challenges.

    Vice President, International Reinsurance Treaty (Cat Modelling) in Slough
    Allied World
    Location: Slough
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    • Vice President, International Reinsurance Treaty (Cat Modelling) in Slough

      Slough
      Full-Time
      72000 - 108000 £ / year (est.)
    • A

      Allied World

      100-200
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