Exposure Analyst

Chaucer; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading insurance group in Greater London is seeking an individual to join their Exposure Analytics team. The role involves managing catastrophe risk portfolios and producing detailed analytics for both natural and non-natural catastrophe events. Candidates should possess strong mathematical skills, experience with analytical tools such as Power BI, and the ability to collaborate across various teams. Opportunities for industry qualifications are encouraged. This position offers a dynamic environment focused on regulatory compliance and innovation.

Qualifications

• Experience in Lloyd's market or general (re)insurance beneficial but not essential.
• Direct experience with catastrophic risk or Exposure Management is desirable but not essential.

Responsibilities

• Support team with regular cat portfolio reporting and analytics.
• Provide analysis and insight into portfolio composition.
• Help automate and streamline analytics and processes.
• Assist with regulatory returns for Lloyd’s, PRA, and others.
• Develop Power BI reporting functionality.

Skills

Strong mathematical skills

Understanding of probability and statistics

Analytical abilities

Coding experience in Python, R or SQL

Strong communication skills

Education

Degree level education

Professional qualifications (ACII, CRM, CCRA)

Tools

Microsoft Excel

Power BI

Job description

This role is in the ‘Exposure Analytics’ team that is a sub-team of Chaucer’s Exposure Management (EM) department. The Exposure Analytics team is responsible for the management and reporting of the Chaucer portfolio of business while adhering to the Chaucer risk appetite and satisfying regulatory requirements.

The primary objective of the role is to assist in the management of the catastrophe risk portfolio, supporting the team with regulatory returns and ad-hoc projects. The role will involve producing detailed and accurate analytics across multiple classes of business for both natural catastrophe (nat cat) and non-nat cat reporting.

The role will involve developing tools and solutions to assist with the automation and efficiency of current processes. You will be collaborating closely with multiple teams such as catastrophe modelling, underwriting, capital modelling and outwards reinsurance purchasing. Other aspects of the role will be supporting the parameterisation of non-modelled perils and classes, identifying areas for improvement, and implementing change to processes where necessary.

Main duties

• Supporting the team with the regular cat portfolio reporting analytics, communication and ad-hoc requests.
• Provide analysis and insight into the portfolio composition and movements and working closely with the class modelling teams to understand such movements.
• Support the team in the automation and streamlining of analytics and processes by developing solutions.
• Support the team with the completion, review, and communication of regulatory returns that will include any for Lloyd’s, the PRA, Central Bank of Ireland (CBI), rating agencies and the parent company (China Re).
• Support the development of the reporting functionality within Power BI.
• Support the team with the development and maintenance of any internal or external realistic disaster scenarios (RDS), their appetites and limits.
• Help to build and maintain loss distributions for non-modelled perils and classes for use in the rollup.
• Assist with monitoring catastrophe appetites and limits.
• Support the team with any stress testing and validation of data, outputs and outwards reinsurance structures.
• Assist in catastrophe event response analysis and communication.

Additional Responsibilities

• Support the Research and Development team with ‘Own View of Risk’ projects and validation of catastrophe models and tools.
• Participating in the wider activities of the Exposure Management Team and Risk Function.
• Keeping up to date with new science and technological developments in the Catastrophe Management field.
• From time to time, taking part in relevant projects throughout the wider business.
• Embrace and support the Chaucer values, especially around Diversity, Equality and Inclusion (DEI).
• Encouraged to complete additional industry qualifications (CII, ACII) and internal training to enhance general understanding and experience.

Relevant Experience

• Any Lloyd’s market or general (re)insurance experienced beneficial but not essential.
• Direct experience with catastrophic risk or Exposure Management is desirable but not essential.

Technical skills

Essential

• Strong mathematical skills with a good understanding of probability and statistics.
• Good knowledge of Microsoft Office packages, especially Excel, Word, Outlook, PowerPoint.
• Analytical abilities coupled with excellent attention to detail.
• Some coding and solution development experience, ideally in Python, R or SQL.
• Strong written and verbal communication skills and the ability to present to a variety of audiences.

Desirable

• Experience using Power BI or other dashboard solutions.
• Knowledge of the insurance industry.
• Experience in risk catastrophe modelling and probabilistic loss quantification.

Education & Experience

• Educated to degree level preferred but not essential.
• Other relevant professional qualifications (or progress towards) such as ACII, CRM or CCRA, desirable but not essential.

Personal skills

• Willingness to use initiative to solve problems.
• Attention to detail in a data intensive environment.
• Ability to identify aspects of processes that could be improved and initiative to act proactively on this.
• Excellent communication skills with the ability to discuss and present complex information clearly and concisely to various audiences.
• Good interpersonal and influencing skills with the ability to build effective relationships.
• Professional attitude to meeting deadlines and objectives.
• Highly motivated
• Able to question and challenge when and where appropriate.
• Able to work collaboratively

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.