At a Glance
- Tasks: Lead analytics and optimise catastrophe portfolio management for a leading insurance group.
- Company: Join Chaucer, a top player in the global insurance market with a diverse and inclusive culture.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on innovation and continuous improvement.
- Why this job: Make a real impact in risk management while collaborating with senior stakeholders.
- Qualifications: Experience in catastrophe modelling or actuarial pricing, with strong analytical skills.
The predicted salary is between 59400 - 72600 £ per year.
This role is a key management position within Chaucer’s Exposure Management Team.
The primary objective of the role is to deliver the analysis, use, and communication of the modelled Chaucer catastrophe portfolio to ensure catastrophe portfolio accumulation is understood and optimised.
Working closely with all functions across Exposure Management, the role involves delivering insightful analytics of Chaucer’s portfolio internally and externally, ensuring alignment to the overall Chaucer strategy.
The role holder is expected to have a strong Cat Modelling and statistics background, with experience in understanding Insurance and Reinsurance structures and terms.
Key components of the role are Outwards Reinsurance modelling (netting down of the portfolio) and Net portfolio blueprint (pro forma) management.
The scope of the role includes heavy interaction with multiple teams and Senior stakeholders across the company, including Underwriting, Outwards Reinsurance Purchasing, and all Actuarial functions, giving the role holder a high profile from day one.
Externally, the role includes overseeing and supporting all Regulatory return work, ensuring accuracy and operational efficiency.
The role will also participate in the wider functions of the Exposure Management Team as well as the overall Risk Function.
Main duties
- Manage and deliver insightful portfolio analysis and reporting to internal stakeholders, communicating portfolio composition changes within Exposure Management and across the business.
- Drive change through value-added and influential analytics and overall portfolio optimisation.
- Lead the development and management of all Portfolio stochastic and deterministic cat appetites, for both Nat and Non-Nat Cat.
- Oversee Outwards Reinsurance netting down, including design of modelling and net position movement analysis.
- Lead the Exposure Management input for calculating the Net position impact of alternative Outwards Reinsurance options in the lead up to the 01/01 ORI purchase period.
- Support in the production of any portfolio outputs for modelling provided to Outwards Reinsurers.
- Have overall central responsibility for the production of Group-level cat Net blueprints to support strategy and planning, working with the catastrophe modelling teams, Underwriting Management and Business Planning teams.
- Work with the business on cat portfolio output analytics use and accessibility, improving dashboards where possible, in particular in conjunction with Capital Modelling and Actuarial Pricing teams.
- Provide portfolio and financial modelling insight as part of model and system reviews.
- Oversee the portfolio post-cat event response and ensure coordination with the Portfolio Manager and Senior Analysts for their respective classes.
- Support the catastrophe research team in View of Risk validation projects, largely from a cat analytics view, providing holistic view point that ensures underwriting and actuarial are considered, as well as catalogues.
- Look to improve processes to enhance the overall operational efficiency of the team.
- Oversee all Exposure Management Regulatory returns.
- Management of the Analytics and Regulatory sub team.
- Ensure that the team is suitably resourced, experienced and developing, so that all tasks are completed and the expertise of the team is increasing.
• Other expectations
- Participate in the joint activities of the Exposure Management Team.
- From time to time take part in relevant projects within Exposure Management or throughout the wider business.
- Keep up-to-date with new science and technological developments in the Catastrophe Management field, and also relevant news and developments within the (re)insurance market itself.
- Provide technical support within your team, the wider Exposure Management team and the wider Chaucer business.
- Participate in the Catastrophe Underwriting Group if required.
- Participate in the management team of Exposure Management.
- Regulatory responsibilities
- Lloyd’s return oversight: LCM, RDS, Model Completeness, and more.
- PRA Returns involvement.
- Rating agency returns oversight.
- CBI Returns oversight.
- Our requirements
- Relevant experience
Essential
- Experience within Exposure Management or Catastrophe Modelling or Actuarial Pricing Capital Modelling teams
- People management experience
- Desirable Previous experience contributing to a portfolio analytics team, or equivalent
- Exposure Regulatory experience
- Technical skills
Essential
- Experience with using and interpreting outputs from simulation platforms
- Proficient in using at least one vendor catastrophe platform (RMS preferred)
- Good knowledge of the build and financial output of catastrophe models
- High level understanding of insurance and reinsurance financial terms
- SQL programming skills, in particular with a focus on cat model output analysis and
- manipulation
- Advanced excel
- High level numeracy skills with a detailed understanding of probability and statistical methodologies
- Ability to explain complex statistical problems to your team and ensure their continued development and improved understanding
Desirable
- Programming skills such as Python, VBA, R
- Knowledge of GIS and/or other mapping software
- Experience of in-house Pricing and Aggregation systems
- Experience creating analytics in dashboard software such as Power BI
- Dynamic Financial Analysis (DFA) model experience
- Ability to create alternative solutions to solve a problem or provide analytics
Education & Experience
Essential
- Educated to degree level (in a relevant mathematical or statistical discipline is preferred)
- Desirable
- Other relevant professional qualifications (or progress towards) such as CSCR, ACII,
- CRM, CCRA
- Actuarial qualifications
- Personal skills
- Willingness to use initiative to solve problems
- Attention to detail in a data intensive environment
- Excellent communications skills with the ability to present complex information clearly and concisely
- Good interpersonal and influencing skills with the ability to build effective relationships
- Professional attitude to meeting deadlines and objectives
- Highly motivated and prepared to go the extra mile
- Flexibility and ability to prioritise for yourself and your team
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 to be closer to our clients across the world.
To learn more about us please visit our website.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture.
We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit.
We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
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Exposure Analytics and Regulatory Manager in London employer: Chaucer
Chaucer Syndicates Ltd. is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets collaboration. Employees benefit from a strong focus on professional development, with opportunities to enhance their skills through client-facing roles and strategic partnerships. The company fosters a culture of teamwork and inclusivity, making it an ideal place for actuaries looking to make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Exposure Analytics and Regulatory Manager in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Chaucer). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Chaucer. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Exposure Analytics and Regulatory 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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Chaucer. 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
✨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 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, 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'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.
