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- 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 inclusion.
- Benefits: Flexible working arrangements, competitive salary, and opportunities for professional growth.
- Other info: Dynamic team environment with opportunities for automation and process improvement.
- Why this job: Make an impact in catastrophe risk management while developing your technical skills.
- Qualifications: Strong statistical background and experience in insurance or reinsurance required.
The predicted salary is between 60000 - 80000 £ per year.
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. This 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 of the role relates to non-traditional reinsurance structures (ILS). The role requires close collaboration with the Outwards RI Purchasing team providing Exposure Management analysis for more unusual products that may be purchased to protect the Chaucer portfolio as part of the intelligent capital strategy. The holder of the role would be expected to explain complex technical work to technical and non-technical internal and external stakeholders. The role holder is also expected to provide technical support for modelling produced for standard Outwards RI purchases.
The role requires a strong statistical background with a good knowledge of SQL, Power BI, VBA, R/Python, whilst having good commercial understanding. Detailed knowledge about different reinsurance structures is essential, especially non-traditional structures (ILS) as well as detailed understanding of simulation financial models, given this is the main focus of the role. There will be some opportunity to get involved in different projects and to help the team improve and refine overall processes through automation whilst ensuring suitable controls and quality control. There will also be some opportunity to work with the other senior managers within Exposure Management to develop alternative tools or analytics to support the business supporting the Portfolio Manager as required.
Main duties
- Support the Head of RI Purchasing in the design of non-standard reinsurance treaties (ILS), leading the internal technical review of these treaties.
- Working closely with the Analytics Lead and other senior members of the Exposure Management team as required.
- Building strong relationships with Broker Analytics teams.
- Lead and complete the Exposure Management activities related to non-standard RI (ILS) already in place, including reporting and stakeholder engagement, ensuring an efficient and effective process.
- Ensuring minimal disruption to BAU for other members of the Exposure Management team.
- Engaging 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 in the development and training of the in-house pricing and aggregation system to support Exposure Management tasks and analytics and the integration with modelling tools and Chaucer’s data strategy.
- Lead the portfolio optimisation work for Catastrophe driving classes with the Chaucer portfolio utilising a variety of statistical techniques and methods.
Additional Responsibilities
- Provide input and ideas for improvements in current Exposure Management activities and processes, including the appropriate implementation of controls and automation.
- On occasion, support the R&D team in the validation of both internal and externally licensed catastrophe models and provide input on data analytics options to assess different models or tools.
- Produce ad hoc Catastrophe modelling related technical support when required within Exposure Management or for the wider business.
- Participate in the wider activities of the Exposure Management Team.
- On occasion, support the business in non-standard projects as necessary including assessment of new business opportunities.
- Keep up-to-date with new science and technological developments in the Catastrophe Management field and ensure that all of the team are improving their scientific and technical understanding.
- 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.
- Previous experience explaining technical information to a variety of audiences.
- Previous Insurance and Reinsurance experience with a commercial mindset.
- Experience of developing modelling tools.
- Experience of developing new and alternative analytics.
- Experience in establishing alternative methods to assess impact of new business opportunities.
Technical Skills
- Essential
- Excellent numeracy skills with a good understanding of probability and statistical methodologies including the ability to pass on this knowledge to others.
- An 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.
- A 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
- Desirable
- Relevant professional qualifications such as ACII, CRM or CCRA or FIA.
Exposure Management Technical Specialist (ILS) in London employer: Chaucer Underwriting Services
Contact Detail:
Chaucer Underwriting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Exposure Management Technical Specialist (ILS) in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those connected to Exposure Management and Catastrophe Risk. Attend events or webinars where you can meet potential colleagues and decision-makers. Remember, it’s all about who you know!
✨Tip Number 2
Show off your skills! Prepare to discuss your experience with SQL, Power BI, and programming languages like R or Python during interviews. Bring examples of how you've used these tools in past roles to solve complex problems. This will help you stand out as a candidate.
✨Tip Number 3
Be ready to explain technical stuff in simple terms. You’ll need to communicate with both technical and non-technical stakeholders, so practice breaking down complex concepts into easy-to-understand language. This will show your versatility and communication skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Chaucer. Let’s make it happen!
We think you need these skills to ace Exposure Management Technical Specialist (ILS) in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience with non-traditional reinsurance structures and technical skills. We want to see how your background aligns with the Exposure Management role, so don’t hold back!
Show Off Your Technical Skills: Since this role requires a strong statistical background, be sure to mention your proficiency in SQL, Power BI, R, or Python. We love seeing candidates who can demonstrate their technical prowess, so include any relevant projects or experiences.
Explain Complex Concepts Simply: You’ll need to communicate complex technical information to various stakeholders. Use your application to showcase your ability to break down intricate ideas into simple terms. This will show us you’re ready for the collaborative nature of the role.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the position. Plus, it’s super easy to do!
How to prepare for a job interview at Chaucer Underwriting Services
✨Know Your Numbers
Make sure you brush up on your statistical methodologies and probability concepts. This role requires a strong numerical background, so be ready to discuss how you've applied these skills in past experiences, especially in relation to Exposure Management and Catastrophe Risk.
✨Master the Tech Stack
Familiarise yourself with SQL, Power BI, VBA, R, and Python. Be prepared to explain how you've used these tools in your previous roles, particularly in developing modelling tools or analytics. Showing that you can leverage technology effectively will set you apart.
✨Communicate Clearly
You’ll need to explain complex technical information to both technical and non-technical stakeholders. Practice articulating your thoughts clearly and concisely, perhaps by explaining a past project to a friend who isn’t in the field. This will help you convey your expertise without losing your audience.
✨Show Your Collaborative Spirit
This role involves working closely with various teams, including the Outwards RI Purchasing team. Highlight your experience in building relationships and collaborating on projects. Share examples of how you’ve successfully worked with others to drive change or improve processes in your previous roles.