Exposure Management - Senior Treaty Analyst
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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.
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 www.chaucergroup.com
This role is a Senior Analyst role within Chaucer's Exposure Management Team, with a specific focus on Chaucer's Property Treaty business.
The primary objective of the role is to provide the catastrophe risk modelling service to the Property Treaty Underwriting Teams. This includes day-to-day account modelling for underwriting and pricing using internal and external modelling platforms, analysing and explaining modelled results, monitoring aggregate usage, maintaining a complete and accurate portfolio of accounts and supervision of the external outsourced resources.
The Senior Analyst will be responsible for ensuring the completeness and accuracy of the data and subsequent analytics. They will need to manage relationships with outsourcing partners and provide training where necessary.
The role also requires working closely with the Property and Treaty Lead and underwriting teams to support the blueprinting of potential growth in the portfolio for appetite setting and producing detailed account level analytics to support them in the underwriting processes.
This role will include line management responsibilities; however, this will not be immediate.
The intention is that the Senior Treaty Analyst will eventually be required to support in the daily supervision and development of the Treaty Analysts, in addition to conducting Annual Performance Reviews & Objective setting.
Main duties
Utilising various catastrophe modelling platforms to process, model and analyse aggregate and detailed exposure data
Providing analysis and insight into the model outputs to underwriters at both an individual account and portfolio level
Monitoring portfolios against risk appetite measures
Overall responsibility for maintaining an in-force portfolio and ensuring the completeness and accuracy of the data and results
Working closely with underwriters on a daily basis to understand their priorities and manage their expectations accordingly
Working closely with the Treaty Analysts to understand the team's priorities and deadlines
Create and produce regular exposure metric reports
Assisting Property and Treaty Lead in adhoc requests
Take a leading role in appetite planning for future years
Continuously work with Property and Treaty Lead to identify efficiencies within processes
Assist in management of Outsourcing team workflow and ensuring process manuals are maintained and updated when required.
Understand, investigate and report on any and all loss movements during monthly roll up
Understand how the "Chaucer view of risk" relates to the business written by the Property Treaty Division and be able to explain this to stakeholders
Provide management, training and development of Analysts and Outsourcing Team
Regulatory responsibilities
Participating in the wider activities of the Exposure Management Team
From time to time, taking part in relevant projects throughout the wider business
Keeping up-to-date with new science and technological developments in the Catastrophe Management field Performing other related duties to meet the on-going needs of the organisation
Take a leading role in presenting reports and data to key stakeholders
Skills, Knowledge and Experience
Experience
Willingness to work across different teams and continuously learn and adapt
Direct experience with analysing and pricing catastrophe risk
Previous experience in the (re)insurance industry; preferably with Property Treaty modelling.
Skills
Excellent numeracy skills with a good understanding of probability and statistics
Analytical abilities coupled with excellent attention to detail
Have the ability to communicate effectively
Written and oral communication skills
Advanced knowledge of Microsoft Excel and MS SQL
Proficient understanding of insurance and reinsurance financial terms
Proficient in using at least one vendor catastrophe platform ideally RMS
Understanding of the statistical methodologies underlying catastrophe models
Knowledge of GIS and/or other mapping software (desirable)
Knowledge of or interest in programming languages, including R and Python (desirable)
Qualifications
Experience
Experience in a similar exposure management role
Educated to degree level preferred but not essential for an excellent candidate (desirable)
Other relevant professional qualifications such as ACII, CRM or CCRA (desirable)
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