Exposure Management Technical Specialist (ILS)

Chaucer; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance group in the UK seeks a Senior Technical Professional for its Exposure Management Team. The role focuses on non-traditional reinsurance structures, requiring collaboration with various internal stakeholders and strong statistical, SQL, Power BI, and R/Python skills. The ideal candidate will provide technical support for modelling and engage in projects to enhance overall processes. Flexible working arrangements are supported, promoting an inclusive work culture.

Benefits

Flexible working arrangements

Commitment to diversity and inclusion

Qualifications

• Strong statistical background and knowledge in SQL, Power BI, VBA, R/Python.
• Detailed knowledge of non-traditional reinsurance structures (ILS).
• Ability to explain complex technical concepts to various stakeholders.

Responsibilities

• Provide technical support for modelling related to Outwards RI purchases.
• Work with the Outwards RI Purchasing team on Exposure Management analysis.
• Get involved in projects to improve processes through automation.

Skills

Statistical background

SQL

Power BI

VBA

R/Python

Understanding of non-traditional reinsurance structures

Understanding of simulation financial models

Job description

This is a senior technical position within the Exposure Management Team, working directly with the Head of Catastrophe Research, Head of Exposure Management, CUO, CRO and Head of RI Purchasing. This role mainly provides support for the more ad hoc technical work that comes up in the Exposure Management team outside of standard modelling or Portfolio Analytics BAU. The main focus of the role relates to non-traditional reinsurance structures (ILS). The role requires strong collaboration with the Outwards RI Purchasing team providing Exposure Management analysis for more unusual products that may be purchased to protect the Chaucer portfolio as part of the intelligent capital strategy. The holder of the role would be expected to explain complex technical work to technical and non-technical internal and external stakeholders. The role holder is also expected to provide technical support for modelling produced for standard Outwards RI purchases.

The role requires a strong statistical background with a good knowledge of SQL, Power BI, VBA, R/Python, whilst having good commercial understanding. Detailed knowledge about different reinsurance structures is essential, especially non-traditional structures (ILS) as well as detailed understanding of simulation financial models, given this is the main focus of the role. There will be some opportunity to get involved in different projects and to help the team improve and refine overall processes through automation whilst ensuring suitable controls and quality control. There will also be some opportunity to work with the other senior managers within Exposure Management to develop alternative tools or analytics to support the business supporting the Portfolio Manager as required.

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.

Diversity and Inclusion

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.

Flexible Working

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.