Senior Space Engineering Specialist

elseco Limited; United Arab Emirates; On-site; AED 400,000 - 600,000; Full time

Job summary

elseco is a high technology specialty insurance underwriting agency and Lloyd's Coverholder. Based in Dubai, the company leads Space insurance and operates the ATOM platform for robust risk data management.

We seek a senior space risk engineer to join the Dubai/London team, focusing on platform and payload analysis, data modeling, and broker/client relationships. Applicants should have an aerospace-related degree and 8–10 years in satellite payload systems, plus strong communication and a

Qualifications

• Degree in Aerospace or payload engineering or related field.
• 8–10 years in satellite manufacturing, payload system design/engineering.
• Proficient with Microsoft Office and data analysis.
• Excellent written and verbal communication; team player.
• Ability to learn new technologies and work across teams.

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

Skills

Satellite payload engineering

Microsoft Office

Excellent communication

Team player

Attention to detail

Self-motivated

Learning agility

Automation interest

Stakeholder management

Education

Bachelor's degree in Aerospace or Payload Engineering or related field

Tools

ATOM platform

Job description

INTRODUCTION:

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:

Working with the Space team in Dubai and London to strengthen and build robust processes on underwriting and claims:

• 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
• 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;