At a Glance
- Tasks: Support innovative reinsurance projects and collaborate with senior leaders in Exposure Management.
- Company: Join Chaucer, a leading insurance group at Lloyd's, committed to diversity and innovation.
- Benefits: Flexible working arrangements, competitive salary, and opportunities for professional growth.
- Other info: Dynamic team environment with opportunities to lead and innovate in analytics.
- Why this job: Make an impact in catastrophe risk management while developing your technical skills.
- Qualifications: Experience in Exposure Management, strong statistical skills, and knowledge of reinsurance structures.
The predicted salary is between 70000 - 90000 £ per year.
Job Summary
This is a senior technical position within the Exposure Management Team, working directly with the Head of Catastrophe Research, Head of Exposure Management, CUO, CRO and Head of RI Purchasing.
The role mainly provides support for the more ad hoc technical work that comes up in the Exposure Management team outside of standard modelling or Portfolio Analytics BAU.
The main focus is on non traditional reinsurance structures (ILS).
It requires close collaboration with the Outwards RI Purchasing team, providing Exposure Management analysis for unusual products that may be purchased to protect the Chaucer portfolio as part of the intelligent capital strategy.
The holder is expected to explain complex technical work to technical and non technical stakeholders, and to provide technical support for modelling produced for standard Outwards RI purchases.
The role requires a strong statistical background, SQL, Power BI, VBA, R/Python, commercial understanding, detailed knowledge of reinsurance structures, and detailed understanding of simulation financial models.
It offers the opportunity to work on projects, help improve processes through automation, and collaborate with other senior managers to develop alternative tools or analytics supporting the business and portfolio managers.
Responsibilities
- Support the Head of RI Purchasing in the design of non standard reinsurance treaties (ILS) and lead the internal technical review of these treaties.
- Work closely with the Analytics Lead and other senior members of the Exposure Management team.
- Build strong relationships with Broker Analytics teams.
- Lead and complete the Exposure Management activities related to non standard RI (ILS) already in place - including reporting, stakeholder engagement, and ensuring an efficient process.
- Ensure minimal disruption to BAU for other team members.
- Engage with external stakeholders as required.
- Help the Head of Exposure Management and Head of Catastrophe Research drive change through value added and influential analytics.
- Support the development and training of the in house pricing and aggregation system to support Exposure Management tasks and analytics, and integration with modelling tools and Chaucer's data strategy.
- Lead portfolio optimisation work for Catastrophe driving classes across the Chaucer portfolio using various statistical techniques.
- Additional Responsibilities
- Provide input and ideas for improvements in current Exposure Management activities and processes, implementing controls and automation.
- Support the R&D team in validating internal and externally licensed catastrophe models and advise on data analytics options.
- Produce ad hoc Catastrophe modelling technical support for Exposure Management or the wider business.
- Participate in the wider activities of the Exposure Management Team.
- Support the business with non standard projects, including assessment of new business opportunities.
- Keep up to date with new science and technological developments in the Catastrophe Management field, ensuring team improvement.
- As an attendee of CUG, provide technical and commercial input to decision making around the use of internal and proprietary models.
Skills, Knowledge and Experience
Experience Essential
- Previous Exposure Management and Catastrophe Risk experience.
- Experience explaining technical information to diverse audiences.
- Insurance and Reinsurance experience with a commercial mindset.
Desirable
- Experience developing modelling tools.
- Experience developing alternative analytics.
- Experience establishing alternative methods to assess the impact of new business opportunities.
- Technical Skills
Essential
- Excellent numeracy skills and understanding of probability and statistical methodologies.
- Understanding of insurance and reinsurance financial terms and structures, both traditional and non traditional.
- Microsoft Excel and MS SQL.
- Programming languages, including R and Python.
Desirable
- Comprehensive understanding of catastrophe modelling software - RMS or AIR.
- Knowledge of GIS and/or other mapping software.
- Knowledge of key modelling processes within a global (re)insurer.
Qualifications
- Relevant professional qualifications such as ACII, CRM, CCRA or FIA.
About Us
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.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore.
We are committed to diversity, values difference and respects people regardless of the protected characteristics outlined in the Equality Act 2010 (UK legislation) and the Equal Treatment Directive 2006 (EU legislation).
We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and ensures we select the right person for the job, based on merit.
We are open to considering flexible working arrangements for all roles.
Exposure Management Technical Specialist (ILS) employer: Chaucer Underwriting Services Limited
Chaucer is an exceptional employer that fosters a dynamic and inclusive work culture, prioritising employee development and mentorship within the Transport Logistics team. With a commitment to strategic innovation and commercial awareness, employees are empowered to lead and shape the future of the TL business while enjoying opportunities for growth and collaboration across global platforms. Located in a vibrant market, Chaucer offers a unique advantage for professionals seeking meaningful and rewarding careers in the marine underwriting sector.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Exposure Management Technical Specialist (ILS)
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We think you need these skills to ace Exposure Management Technical Specialist (ILS)
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 Underwriting Services Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Chaucer Underwriting Services Limited. 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 Underwriting Services Limited
✨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 Underwriting Services Limited to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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As a full-timer at Chaucer Underwriting Services Limited, 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 Underwriting Services Limited'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.
