London Exposure Management Technical Specialist (ILS)

Chaucer Syndicates Ltd; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

Chaucer Syndicates Ltd is seeking an Exposure Management Technical Specialist (ILS) to design non-standard reinsurance treaties and lead internal reviews. You will collaborate with the RI Purchasing and Exposure Management teams to deliver advanced analytics and protect the portfolio.

The role requires strong statistical skills, SQL, and programming in R/Python, with experience in catastrophe modelling tools. You will engage stakeholders and help automate processes within a dynamic team.

Qualifications

• Experience in Exposure Management and Catastrophe Risk.
• Ability to explain technical information to varied audiences.
• Knowledge of insurance and reinsurance financial terms and structures, traditional and non-traditional.

Responsibilities

• Design non-standard RI (ILS) treaties and lead internal technical reviews.
• Lead Exposure Management activities for non-standard RI (ILS) with reporting and stakeholder engagement.
• Support development of pricing and aggregation systems for Exposure Management tasks and analytics.
• Lead portfolio optimisation work for catastrophe classes using advanced statistical techniques.
• Provide ad hoc catastrophe modelling support and contribute to automation and process improvements.

Skills

Exposure management

Catastrophe risk

Numeracy

Statistical methodologies

R/Python

Education

ACII/CRM/CCRA/FIA

Tools

MS SQL

Excel

R

Python

RMS/AIR

Job description

## Exposure Management Technical Specialist (ILS)Applylocations: Londontime type: Full timeposted on: Posted Todayjob requisition id: JR101122This 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 close 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.Main dutiesSupport the Head of RI Purchasing in the design of non-standard reinsurance treaties (ILS), leading the internal technical review of these treaties. Working closely with the Analytics Lead and other senior members of the Exposure Management team as required. Building strong relationships with Broker Analytics teams.Lead and complete the Exposure Management activities related to non-standard RI (ILS) already in place, including reporting and stakeholder engagement, ensuring an efficient and effective process. Ensuring minimal disruption to BAU for other members of the Exposure Management team.Engaging with external stakeholders as required.Help the Head of Exposure Management and Head of Catastrophe Research drive change through value-added and influential analytics.Support in the development and training of the in-house pricing and aggregation system to support Exposure Management tasks and analytics and the integration with modelling tools and Chaucer’s data strategy.Lead the portfolio optimisation work for Catastrophe driving classes with the Chaucer portfolio utilising a variety of statistical techniques and methods.Additional Responsibilities • Provide input and ideas for improvements in current Exposure Management activities and processes, including the appropriate implementation of controls and automation. • On occasion, support the R&D team in the validation of both internal and externally licensed catastrophe models and provide input on data analytics options to assess different models or tools. • Produce ad hoc Catastrophe modelling related technical support when required within Exposure Management or for the wider business. • Participate in the wider activities of the Exposure Management Team. • On occasion, support the business in non-standard projects as necessary including assessment of new business opportunities. • Keep up-to-date with new science and technological developments in the Catastrophe Management field and ensure that all of the team are improving their scientific and technical understanding. • As an attendee of CUG, provide technical and commercial input to decision making around the use of internal and proprietary models. Skills, Knowledge and ExperienceExperience Essential • Previous Exposure Management and Catastrophe Risk experience.• Previous experience explaining technical information to a variety of audiences. • Previous Insurance and Reinsurance experience with a commercial mind set.Desirable • Experience of developing modelling tools. • Experience of developing new and alternative analytics. • Experience in establishing alternative methods to assess impact of new business opportunities.Technical Skills Essential • Excellent numeracy skills with a good understanding of probability and statistical methodologies including the ability to pass on this knowledge to others. • An understanding of insurance and reinsurance financial terms and structures, both traditional and non-traditional. • Microsoft Excel and MS SQL. • Programming languages, including R and Python.Desirable • A comprehensive understanding of catastrophe modelling software – RMS or AIR. • Knowledge of GIS and/or other mapping software. • Knowledge of key modelling processes within a global (re)insurer. Qualifications Desirable • Relevant professional qualifications such as ACII, CRM or CCRA or FIA***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.