Catastrophe Modelling Portfolio Lead - Marine

AXA UK; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading company in the property and casualty insurance sector seeks a Marine Cat modelling specialist in London. The role focuses on managing Marine modelling processes, ensuring data quality, and improving risk management. Candidates with at least 2 years of catastrophe modelling experience and proficiency with major vendor models are encouraged to apply.

Qualifications

• Minimum 2 year’s catastrophe modelling experience.
• Experience with major vendor models RMS and/or AIR.
• Proficiency in Excel and SQL, programming skills in VBA, Python/R advantageous.

Responsibilities

• Own end-to-end Marine Cat modelling/data capture processes.
• Ensure Marine exposure data standards are well understood.
• Drive process efficiencies by embedding technology, notably Terra.

Skills

Catastrophe modelling experience

RMS and/or AIR experience

Exposure management

Proficient in Excel

SQL

VBA, Python/R programming

Mapping/analytical software (QGIS, Spatial Key)

Job description

About Us

Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd’s of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.

The role involves ensuring key Marine deliverables are met, providing accurate Marine Pro Forma for business planning, aligning Westfield modelling geographies, building relationships with Apex and EM teams, engaging with Marine stakeholders, improving risk selection and portfolio constitution with underwriting leaders, delivering underwriting goals, communicating the Risk Analytics strategy, and assisting in selecting third-party models.

Key responsibilities will include:

• To own end-to-end Marine Cat modelling/data capture processes, maintaining up-to-date documentation.
• To direct Cat Modelling activity across Marine product lines, in line with business priorities
• To ensure Marine exposure data standards are well understood by Underwriting and actively monitored.
• To report and make data quality recommendations highlighting areas for improvement within Marine.
• To drive process efficiencies by embedding technology, most notably Terra, within Marine.
• To maintain an appropriate level of modelling resource, internal and external, to support Marine.
• To manage outsourcing partners to operate in line with Westfield’s own internal standards.
• To contribute towards an Marine strategic roadmap, ensuring profitable portfolio growth and optimisation.
• Ensure processes are aligned with Westfield best practice (R&D), exceed Lloyd’s minimum standards.
• To make risk level recommendations to drive Underwriting margin within the Marine classes.
• To produce the monthly modelled rollup for the Marine product lines.
• To produce the modelled Pro Forma for the Marine product lines.
• To assist and support other Westfield S1200 portfolios where necessary.
• To ensure excellent Cat modelling service levels and accuracy for the Marine product lines.
• To conduct research into non-modelled marine scenarios and make recommendations for effective Exposure Management.
• To develop rollup reporting framework for non-modelled marine & liability exposures

Responsibilities

Skills sought:

• Minimum 2 year’s catastrophe modelling experience.
• Experience of major vendor models RMS and/or AIR essential.
• Previous experience of exposure management in the Lloyds market.
• Experience of / proficiency in the use of mapping / analytical software, QGIS, Spatial Key etc. desirable.
• Must be proficient in Excel and the use of SQL, programming skills in VBA, Python/R, an advantage

Our culture is centred around three core values:Excellence, focused on high performance, agility and embracing change;Ambition, where inquisitiveness, challenge and a bold approach isencouraged; andCollaboration, delivering shared goals through collective expertise,diversity of thoughtand transparency. All three are underpinned byReward & Recognition,where people are supported & respected, and success is celebrated.

EQUAL OPPORTUNITY EMPLOYER

United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.

United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.