About us
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions. We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism. Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.
The role
This is an important role assisting the Exposure Management Manager to develop and support Aspen’s exposure management capabilities within non-modelled cat.
For this role, exposure management refers to the management of risk accumulations from a wide range of perils to which Aspen may be exposed, including (but not limited to) casualty, cyber, terror and other man-made catastrophes as well as ‘non-modelled’ natural catastrophe risks.
The key functions of exposure management fulfilled by this role can be summarised as:
- Catastrophe / accumulation measurement and monitoring – developing and reporting on catastrophe risk metrics for different perils, to be reported against internal risk appetites and in support of regulatory reporting (e.g. Lloyd’s RDS exercises)
- Source of exposure information – understanding and managing exposures at an appropriate level of detail and being the ‘source’ of exposure information across the group (e.g. to be able to report on limits exposed following a major loss event)
- Continuous improvement – i.e. working with Risk Management, Underwriting and other relevant departments in scanning for new sources of potential accumulation risk, and better methods of defining and measuring existing ones.
Key accountabilities
Main Duties
- Responsibility for the management of aggregations of non-natural cat risks identified including casualty, terror, cyber and any other material sources of risk accumulations as felt appropriate. This will include:- Timely delivery of agreed BAU reporting and analysis- Timely response to management and underwriting queries and requests
- Responsibility for completion of regulatory returns as appropriate including the Lloyd’s RDS, the BMA, credit rating agencies etc.
- Developing new tools, methodologies and processes as necessary to identify and measure exposures to non-natural catastrophe accumulation risks.
- Documentation and presentation of Exposure Management procedures and methodologies.
- Assisting the Exposure Management Manager in the implementation and promotion of Exposure Management best practice around the Aspen Group.
- Becoming a subject matter expert in areas of casualty, liability and cyber exposure management (or others) via working closely with Underwriting, Actuarial, Risk and independent research as required
- Assisting in the development and maintenance of the central Exposure Management DataMart
Additional Duties
- To act in accordance with and be an advocate for Aspen’s Principles & Values.
- To participate and undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required.
- Where applicable ensure company, market and client related documentation is issued (internally and externally) accurately and on time
- Comply with external and internal regulatory and statutory policies, procedures and regulations
- To operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives.
- To liaise with relevant and associated areas and groups within the business process to establish, support and maintain business relationships and organisational effectiveness.
- To undertake any other duties of a similar nature that the company reasonably requests to be performed that are within the expertise and skills of the jobholder. These may be subject to periodic review and any updates and changes to be introduced after consultation with the person concerned.
Skills & experience
- 3+ years exposure management/cat modelling/actuarial experience
- Strong verbal and written communication skills
- Business and customer focused, able to take initiative to solve problems and gain information
- Experience operating within the Lloyd’s environment a plus (experience with regulatory requirements such as RDS, minimum standards)
- Strong technical experience with data manipulation and/or programming (SQL highly preferred)
- Good knowledge of the Microsoft Office suite including highly proficient in Excel
- Track record of improvement to processes and exposure or modelling processes desired
- Experience working on change projects desired
Other
We're committed to making Aspen a great place to work, where you're rewarded and recognised for your efforts. As well as your pay and discretionary performance related bonus, you'll also enjoy a huge range of benefits. There are plenty of options available with our exciting benefits package, designed for your health, your family and to help ensure that you enjoy the most from your lifestyle.
Senior Exposure Management Analyst in London employer: Aspen Insurance
Aspen is an exceptional employer that fosters a dynamic and inclusive work environment, where respect, honesty, trust, and professionalism are at the core of our values. As an Actuary in our UK Actuarial Function, you will have the opportunity to engage in meaningful projects, develop your skills, and collaborate with talented colleagues while being rewarded for your achievements. Our commitment to employee growth and a supportive culture makes Aspen a fantastic place to advance your career in the insurance industry.
