At a Glance
- Tasks: Lead a team in delivering top-notch catastrophe modelling services and support strategic decision-making.
- Company: Join Chaucer, a leading global insurer with a strong presence in Lloyd's market.
- Benefits: Enjoy flexible hybrid work, extensive benefits, and a diverse, inclusive culture.
- Other info: Be part of a dynamic team with excellent career growth opportunities.
- Why this job: Make a real impact in risk management for industries worldwide while growing your career.
- Qualifications: Significant experience in catastrophe modelling and strong leadership skills required.
The predicted salary is between 60750 - 74250 £ per year.
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market.
We help protect industries around the world from the risks they face.
Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world.
To learn more about us please visit our website
Job Profile Summary
This senior role reports to the Portfolio Change Manager and is accountable for the delivery of Business-as-Usual class catastrophe modelling services across all classes.
It leads the Modelling team, manages capacity and quality, supports class catastrophe risk appetite reporting, and ensures Underwriting receives timely, accurate and commercially relevant class modelling analysis to support risk selection, portfolio management and strategic decision-making.
The role is responsible for embedding approved changes into BAU operations.
Job Description
Main Duties
- Work with the Portfolio Change Manager, Underwriting Management and other stakeholders to support business priorities and priorities set by the Head of Exposure Management.
- Own class modelling delivery across all classes, setting priorities and meeting internal, regulatory and business deadlines, leading portfolio analysis, reporting and explanation of material movements across the gross catastrophe position.
- Own the delivery of class catastrophe modelling services to Underwriting, ensuring service standards are met and timely, accurate and commercially relevant analysis is provided to support underwriting decisions, portfolio management and business objectives.
- Ensure class modelling outputs, exposure information and contract data are accurate, complete, consistent and clearly communicated.
- Lead class catastrophe modelling and quality assurance of exposure data and outputs for pre-bind, post-bind and downstream use.
- Lead and develop the Modelling teams, maintaining clear responsibilities, appropriate capacity and flexible resourcing across classes.
- Report delivery, resource, quality and operational risks to the Portfolio Change Manager, recommending priorities and capability needs.
- Lead class modelling testing for approved changes, model updates and system enhancements, and own the operational implementation and transition of agreed change initiatives into BAU processes.
- Lead class modelling support for event response, Outwards Reinsurance, ILS, live Partnership and Innovation risks, and recurring analytics.
- Own day-to-day outsourced class modelling and Exposure Management related data entry performance, quality and capacity, supporting future outsourcing reviews.
- Line-manage the Specialty, Emerging Cat and Property & Treaty Leads, setting direction, priorities and performance expectations.
- Deliver class modelling analysis and scenarios for blueprinting and other change initiatives led by the Portfolio Change Manager.
- Own class catastrophe risk appetite monitoring, challenge unexpected positions and coordinate annual reviews of class catastrophe risk appetites and maximum lines.
- Lead continuous improvement within class modelling processes, data quality, reporting and workflows, identifying opportunities to improve efficiency, consistency, quality and scalability.
- Other Responsibilities
- Participate in the wider activities of the Exposure Management Team and relevant business-wide projects.
- Maintain current knowledge of catastrophe science, modelling technology and market developments, and promote improved scientific and technical understanding across the team.
- Provide technical support to the Modelling team, wider Exposure Management function and wider business.
- Participate in the Catastrophe Underwriting Group and relevant working groups when required.
- Promote a culture of continuous improvement and innovation within the Modelling team.
Skills and Competencies
- Significant class catastrophe modelling experience.
- Experience leading class modelling delivery and quality assurance across multiple classes.
- Management of a large or multi-disciplinary team.
- Experience managing outsourced modelling delivery.
- Technical Skills
- Proficient in at least one vendor catastrophe modelling platform, with Moody’s RMS preferred.
- SQL skills focused on catastrophe model output analysis and manipulation.
- Understanding of insurance and reinsurance financial terms.
- Numeracy and understanding of probability, statistics and catastrophe-model methodologies.
- Comprehensive understanding of catastrophe modelling software.
- Intermediate to advanced Excel.
- Experience with in-house modelling and aggregation systems.
- Other programming languages.
- Knowledge of GIS or other mapping software.
Education
- Educated to degree level.
- Relevant professional qualifications, or progress towards them, such as CSCR, ACII, CRM or CCRA.
- Personal Skills
- Excellent organisational skills and ability to meet deadlines and objectives.
- People management and team development skills.
- Positive, proactive and self-motivating approach.
- Numerical and analytical ability.
- Excellent communication skills, with the ability to present complex information clearly and concisely.
- Interpersonal and influencing skills.
- Professional approach to delivery, prioritisation and stakeholder management.
Why Join Chaucer?
Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property.
Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are.
We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024.
Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.
We offer
- A flexible hybrid work model that supports individual and team needs.
- A diverse, inclusive culture that values people for who they are.
- Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
Portfolio Modelling Manager in London employer: Chaucer Group
Chaucer Group is an exceptional employer that prioritises employee development and collaboration, particularly in the dynamic role of Senior Compliance Monitoring & Assurance Lead. With a hybrid work model based in London, we foster a supportive work culture that encourages strategic thinking and innovation, while providing ample opportunities for professional growth and engagement with senior management to drive meaningful improvements across our compliance framework.
StudySmarter Expert Advice🤫
We think this is how you could land Portfolio Modelling Manager in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Portfolio Modelling Manager in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Chaucer Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Chaucer Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Chaucer Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Chaucer Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Chaucer Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Chaucer Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
