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Exposure Analytics and Regulatory Manager job in London

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London Chaucer Group

Job Ref:  JR100526
Employer:  Chaucer Group
Sector:  Reinsurance
Qualifications:  Unclassified
Software:  Python
R
SQL
VBA
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  United Kingdom
City:  London
Post Code:  Not specified
Map: 

Description

Job summary

This role is a management position within Chaucer's Exposure Management Team.

The primary objective of the role is to enhance the analysis, use, and communication of the modelled Chaucer catastrophe portfolio. Working closely with all functions across Exposure Management, the role involves delivering insightful analytics of Chaucer's portfolio internally and externally. The role also involves supporting View of Risk projects, as well as Outwards Reinsurance modelling and portfolio blueprint management. Therefore, the scope of the role includes heavy interaction with multiple teams across the company, including Underwriting, Outwards Reinsurance Purchasing, and all Actuarial functions. Externally, the role includes overseeing and supporting the Exposure Manager with all Regulatory return work, ensuring accuracy and operational management. A key function is to also work closely with the Lloyd's Exposure Management account manager to ensure strong understanding and alignment between Chaucer and the Regulator.

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.
  • Support the Head of Exposure Management in the development and management of all stochastic and deterministic cat appetites, for both Nat and Non-Nat Cat.
  • Have overall central responsibility for the production of Group-level cat blueprints to support strategy and planning, working with the catastrophe modelling teams, Underwriting Management and Business Planning teams.
  • Oversee Outwards Reinsurance modelling, including design modelling and net position movement analysis, and submissions.
  • Oversee all Exposure Management Regulatory returns.
  • Work with the business on cat portfolio output use and its improvement, in particular with Capital Modelling and Actuarial teams.
  • 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.
  • Provide portfolio and financial modelling insight as part of model and system reviews.
  • Provide support to the Exposure Manager and department on post-cat event response.
  • Work with Exposure Management Operations Manager to enhance the overall operational efficiency of the team.
  • Help the Head of Exposure Management drive change through value-added and influential analytics.
  • Ensure that the team is suitably resourced and experienced, so that all tasks are completed.


Other expectations:
  • Participate in the joint activities of the Exposure Management Team.
  • From time to time take part in relevant projects 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 as and when 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 teams
  • People management experience


Desirable
  • Previous experience contributing to a portfolio analytics team, or equivalent, and Exposure Regulatory work


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
  • A strong understanding of insurance and reinsurance financial terms
  • Analytical abilities coupled with excellent attention to detail
  • Have the ability to communicate effectively
  • Strong written and oral communication skills and the ability to present to a variety of audiences
  • SQL programming skills, in particular with a focus on cat model output analysis and manipulation


Desirable
  • Programming skills (Python, VBA, R) are not essential but highly desirable


Education & Experience
Essential
  • Educated to degree level in a relevant discipline is preferred
Desirable
  • Other relevant professional qualifications (or progress towards) such as CSCR, ACII, CRM, CCRA


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


Board & Committee Memberships

None, although regular attendance at some relevant committees is expected.

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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