Senior Space Engineering Specialist

elseco; Dubai; On-site; AED 400,000 - 560,000; Full time

Job summary

elseco, a high technology specialty insurance underwriting agency and Lloyd's Coverholder, seeks a senior analyst with aerospace/payload engineering background to analyze space-related risks and support underwriting decisions in Dubai. The role focuses on developing the ATOM platform data, modeling space risks, and maintaining strong broker and client relationships.

The candidate will contribute to end-to-end risk reviews, pricing, and policy wording analysis while promoting elseco’s space

Qualifications

• Degree in Aerospace or Payload Engineering required.
• 8-10 years of experience in satellite manufacturing, predominantly on payload system design and engineering.
• Proficient in Microsoft software applications and automated processes and systems.
• Excellent written and verbal communication; ability to translate technical specs.
• Team player with independent judgment and proactive approach.

Responsibilities

• Conduct technical analysis of platform and payload specs for new and renewal insurance placements.
• Develop and maintain a space technical database to ensure data accuracy.
• Build models and statistics on space risks using internal and external databases.
• Perform analysis and sensitivity testing of space policy loss criteria.
• Support the Claims Manager by analyzing technical aspects of failures and computing loss parameters.
• Attend briefings, draft questions, and prepare summaries for market meetings.
• Promote the elseco brand and collaborate across the organization; issue quotes per authority rules.
• Capture and analyze Space Risk data in the ATOM platform; develop broker/client relationships.
• Represent elseco at conferences, roadshows and market events and contribute to data entry.

Skills

Payload engineering

Satellite systems

Data analysis

Technical communication

Cross-functional teamwork

Education

Degree in Aerospace or Payload Engineering

Tools

Microsoft Office

Job description

elseco is a high technology specialty insurance underwriting agency and Lloyd's Coverholder.

elseco underwrites on behalf of circa 50 insurance and reinsurance companies including Lloyd's syndicates. elseco is headquartered in the Dubai International Financial Centre (Dubai, UAE) and is regulated by the Dubai Financial Services Authority. The company employs around 120 professionals with regulated offices in Dubai and London.

The company was founded two decades ago launching Space insurance and has since diversified into Aviation, Accident & Health and Energy insurance.

At the cornerstone of elseco's latest evolution is the technology "Platform" development namely "ATOM". It sits at the very core of the company and is seen as business critical to the company's future success and growth plans.

Specific duties and responsibilities

• Technical analysis of platform and payload specifications for new and renewal incoming insurance placements, with an emphasis on communication and observation payloads;
• Development and maintenance of elseco proprietary space technical database to ensure accuracy and integrity of data;
• Use of elseco database and relevant third-party databases to develop models and statistics on Space risks;
• Perform analysis and sensitivity testing of space insurance policy loss criteria;
• Support the Claims Manager in analysing the technical aspects of failure and impact to the policy, plus perform calculations of all space claims within the parameters of the loss criteria;
• Attend technical briefings and market meetings as and when required, draft technical questions and prepare summaries;
• Promote the elseco brand at all times and cross collaborate across the organization;
• Issuing quotes in line with Delegated Authority rules and internal processes
• Space Risk data capture in ATOM (proprietary system) and analysis
• Develop and maintain relationships with brokers and clients
• Promotion of the brand in the space industry and insurance market, including content production and participation to conferences, roadshows and market events
• Participation to Risk Assessment: including but not limited to: New Business, Renewals, endorsements to current policies, always working within the Underwriting Authority agreement framework and the Underwriters
• Involved in end-to-end risk review, including policy wording analysis, pricing adequacy, satellite health report review, historical loss ratio analysis and line size determination
• Contributes to the acquisition and entry of all relevant space risk data in the ATOM platform

Requirements

• Degree educated (in Aerospace or Payload Engineering or related field);
• 8-10 years of experience in satellite manufacturing, predominantly on payload system design and engineering
• Proficient in the use of Microsoft software applications and demonstrated experience and interest in automated processes and systems
• Excellent communication skills, written and verbal; ability to effectively translate and communicate complex technical specifications
• Team player and ability to offer differing opinions in a respectful setting;
• Meticulous, hardworking ethic, positive can-do attitude, displaying strong mental agility, curiosity and having independent judgement;
• Professional approach, self-motivated and takes initiatives to find solutions;
• Maintain and develop excellent Engineering and or Space insurance product knowledge;
• Ability to learn and understand new technologies;