Portfolio Optimisation Lead

W. R. Berkley Corporation; London, East Midlands; On-site; GBP 200,000 +; Full time

Job summary

An established industry player is seeking a talented professional to enhance their Specialty Property and Casualty portfolios. This role involves performance management, data analysis, and strategic planning, all while collaborating with senior underwriters and stakeholders. The ideal candidate will possess a deep understanding of insurance principles, strong analytical and communication skills, and the ability to drive portfolio optimization. Join a dynamic team where your insights will shape the future of underwriting in the Lloyd's and London markets. If you're passionate about making a significant impact in the insurance sector, this opportunity is perfect for you.

Qualifications

• In-depth understanding of insurance and reinsurance principles.
• Exceptional analytical skills to interpret complex data.

Responsibilities

• Manage performance and portfolio analysis for Specialty Property and Casualty.
• Utilize analytics to drive improved underwriting performance insights.

Skills

Market knowledge

Communication

Project management

Analytical skills

Problem-solving

Tools

Data analysis tools

Portfolio management software

Job description

Responsibilities

• Performance and portfolio management: Work closely with the CUO, Head of Pricing and Senior Underwriters to analyse and optimse the performance of Specialty Property and Specialty Casualty portfolios
• Data analysis and reporting: Utilise advanced analytics to drive improved underwriting performance insight, identify trends, and propose actions. Regularly report findings and recommendations to senior management
• To co-ordinate monthly CIPs (Class Insight Pods) with multiple stakeholders for each line of business, drive discussions, inform strategy and foster culture of continuous portfolio improvement
• Lead business planning exercise to formulate loss ratios and reinsurance assumptions that to support of the annual business plans
• Support reinsurance function by leading analysis into alternative structures and adequacy of reinsurance placements by working closely with Capital modelling team. Coordinate with RI technical support and reinsurance brokers to provide data, analysis and insights to support the reinsurance purchasing process.

Qualifications

• Market knowledge: In-depth understanding of insurance and reinsurance principles, particularly within the Lloyd's and London markets
• Market trends:Awareness of current market trends, emerging risks, and industry best practices within the Lloyd's market
• Communication:Excellent communication skills to effectively convey complex actuarial and financial concepts to non-technical stakeholders. Able to establish credibility with senior underwriters and act as a central conduit across multiple functions
• Project management:Strong project management skills to handle multiple tasks, prioritize workloads, and meet deadlines
• Analytical skills:Exceptional analytical and quantitative skills to interpret complex data and develop robust portfolio models
• Data science:Beneficial to have experience in applying data science techniques in an insurance setting
• Problem-solving:Strong problem-solving abilities to identify issues, develop solutions, and implement strategies to optimize portfolio performance
• Financial acumen: clear understanding of an insurance P&L and what drives performance