Exposure Management - Treaty Analyst

Chaucer; City Of London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading insurance group in London is seeking an individual for the Exposure Management Team. The role involves providing catastrophe risk modelling services, analysing underwriting data, and monitoring risk measures. Ideal candidates will have experience in the (re)insurance industry and strong analytical skills, alongside a degree. This position fosters a culture of diversity and welcomes flexible working arrangements.

Qualifications

• Previous experience in the (re)insurance industry.
• Direct experience with analysing and pricing catastrophe risk is preferable.

Responsibilities

• Utilise catastrophe modelling platforms to process and analyse exposure data.
• Provide analysis to underwriters at account and portfolio level.
• Monitor portfolios against risk appetite measures.
• Maintain an accurate portfolio of accounts.

Skills

Numeracy skills

Analytical abilities

Effective communication

Knowledge of Microsoft Excel

Knowledge of MS SQL

Understanding of statistical methodologies

Education

Educated to degree level

Tools

RMS

GIS software

R programming

Python programming

Job description

Job summary

This role is within Chaucer’s Exposure Management Team, with a specific focus on Chaucer’s Treaty business.

The primary objective of the role is to provide the catastrophe risk modelling service to the Treaty Underwriting Team.

This includes day‑to‑day account modelling for underwriting and pricing using internal and external modelling platforms, analysing, and explaining modelled results, monitoring aggregate usage, and maintaining a complete and accurate portfolio of accounts.

Main duties

• Utilising various catastrophe modelling platforms to process, model, price and analyse aggregate and detailed exposure data
• Providing analysis and insight into the model outputs to underwriters at both an individual account and portfolio level
• Monitoring portfolios against risk appetite measures
• Maintaining an in‑force portfolio and ensuring the completeness and accuracy of the data and results.
• Working closely with underwriters daily to understand their priorities and manage their expectations accordingly

Additional responsibilities

• Participating in the wider activities of the Exposure Management Team
• From time to time, taking part in the relevant projects through the wider business
• Keeping up to date with new science and technological developments in the Catastrophe Management field
• Performing other related duties to meet the on‑going needs of the organisation

Skills, Knowledge and Experience

Experience

• Previous experience in the (re)insurance industry
• Preferably direct experience with analysing and pricing catastrophe risk

Skills

• Numeracy skills with a good understanding of probability and statistics
• Analytical abilities coupled with excellent attention to detail
• Have the ability to communicate effectively
• Written and oral communication skills
• Knowledge of Microsoft Excel and MS SQL
• Understanding of insurance and reinsurance financial terms (desirable)
• Experience in reinsurance catastrophe modelling including use of RMS (desirable)
• Understanding of the statistical methodologies underlying catastrophe models (desirable)
• Knowledge of GIS and/or other mapping software (desirable)
• Knowledge of or interest in programming languages, including R and Python (desirable)

Qualifications

• Educated to degree level preferred but not essential for an excellent candidate

Personal Skills

• Willingness to use initiative to solve problems
• Attention to detail in a data intensive environment
• Excellent communications skills with the ability to present complex information clearly and concisely
• Good interpersonal and influencing skills with the ability to build effective relationships
• Professional attitude to meeting deadlines and objectives
• Highly motivated and prepared to go the extra mile

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.