Portfolio Modelling Manager

Chaucer Group; Greater London; Hybrid; GBP 110,000 - 150,000; Full time

Benefits offered by this job

Flexible hybrid work

Medical, life and pension cover

Wellbeing support

Job summary

Chaucer Syndicates Ltd, a London-based insurer active in the Lloyd's market, seeks a senior professional to lead the class catastrophe modelling delivery across all classes. The role includes ensuring timely, accurate and commercially relevant analysis to support underwriting decisions and portfolio management, embedding changes into BAU operations.

You will manage the Modelling team, oversee quality, capacity and data integrity, and coordinate with Portfolio Change Manager and stakeholders to

Qualifications

• Significant catastrophe modelling experience across multiple classes.
• Experience leading delivery and QA of modelling across classes.
• Proven ability to manage large or multi-disciplinary teams.
• Experience managing outsourced modelling delivery.

Responsibilities

• Own class modelling delivery across all classes, meeting deadlines and regulatory requirements.
• Lead BAU integration of approved changes into modelling processes.
• Ensure high-quality, timely analysis for underwriting and portfolio management.
• Oversee data quality, exposure information, and contract data communications.
• Line-manage the Modelling team and coordinate capacity across classes.
• Report risks and capacity needs to Portfolio Change Manager.

Skills

Catastrophe modelling

Leading teams

Stakeholder management

Regulatory reporting

Education

Degree level

Professional qualifications (CSCR/ACII/CRM/CCRA)

Tools

Moody's RMS

SQL

Excel

Job description

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.

Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world. To learn more about us please visit our website: www.chaucergroup.com

Job Profile Summary

This senior role reports to the Portfolio Change Manager and is accountable for the delivery of Business-as-Usual class catastrophe modelling services across all classes. It leads the Modelling team, manages capacity and quality, supports class catastrophe risk appetite reporting, and ensures Underwriting receives timely, accurate and commercially relevant class modelling analysis to support risk selection, portfolio management and strategic decision-making. The role is responsible for embedding approved changes into BAU operations.

Job Description

Main Duties

• Work with the Portfolio Change Manager, Underwriting Management and other stakeholders to support business priorities and priorities set by the Head of Exposure Management.
• Own class modelling delivery across all classes, setting priorities and meeting internal, regulatory and business deadlines, leading portfolio analysis, reporting and explanation of material movements across the gross catastrophe position.
• Own the delivery of class catastrophe modelling services to Underwriting, ensuring service standards are met and timely, accurate and commercially relevant analysis is provided to support underwriting decisions, portfolio management and business objectives.
• Ensure class modelling outputs, exposure information and contract data are accurate, complete, consistent and clearly communicated.
• Lead class catastrophe modelling and quality assurance of exposure data and outputs for pre-bind, post-bind and downstream use.
• Lead and develop the Modelling teams, maintaining clear responsibilities, appropriate capacity and flexible resourcing across classes.
• Report delivery, resource, quality and operational risks to the Portfolio Change Manager, recommending priorities and capability needs.
• Lead class modelling testing for approved changes, model updates and system enhancements, and own the operational implementation and transition of agreed change initiatives into BAU processes.
• Lead class modelling support for event response, Outwards Reinsurance, ILS, live Partnership and Innovation risks, and recurring analytics.
• Own day-to-day outsourced class modelling and Exposure Management related data entry performance, quality and capacity, supporting future outsourcing reviews.
• Line-manage the Specialty, Emerging Cat and Property & Treaty Leads, setting direction, priorities and performance expectations.
• Deliver class modelling analysis and scenarios for blueprinting and other change initiatives led by the Portfolio Change Manager.
• Own class catastrophe risk appetite monitoring, challenge unexpected positions and coordinate annual reviews of class catastrophe risk appetites and maximum lines.
• Lead continuous improvement within class modelling processes, data quality, reporting and workflows, identifying opportunities to improve efficiency, consistency, quality and scalability.

Other Responsibilities

• Participate in the wider activities of the Exposure Management Team and relevant business-wide projects.
• Maintain current knowledge of catastrophe science, modelling technology and market developments, and promote improved scientific and technical understanding across the team.
• Provide technical support to the Modelling team, wider Exposure Management function and wider business.
• Participate in the Catastrophe Underwriting Group and relevant working groups when required.
• Promote a culture of continuous improvement and innovation within the Modelling team.

Skills and Competencies

• Significant class catastrophe modelling experience.
• Experience leading class modelling delivery and quality assurance across multiple classes.
• Management of a large or multi-disciplinary team.
• Experience managing outsourced modelling delivery.

Technical Skills

• Proficient in at least one vendor catastrophe modelling platform, with Moody’s RMS preferred.
• SQL skills focused on catastrophe model output analysis and manipulation.
• Understanding of insurance and reinsurance financial terms.
• Numeracy and understanding of probability, statistics and catastrophe-model methodologies.
• Comprehensive understanding of catastrophe modelling software.
• Intermediate to advanced Excel.
• Experience with in-house modelling and aggregation systems.
• Other programming languages.
• Knowledge of GIS or other mapping software.

Education

• Educated to degree level.
• Relevant professional qualifications, or progress towards them, such as CSCR, ACII, CRM or CCRA.

Personal Skills

• Excellent organisational skills and ability to meet deadlines and objectives.
• People management and team development skills.
• Positive, proactive and self-motivating approach.
• Numerical and analytical ability.
• Excellent communication skills, with the ability to present complex information clearly and concisely.
• Interpersonal and influencing skills.
• Professional approach to delivery, prioritisation and stakeholder management.

Why Join Chaucer?

Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are.

We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.

We offer:

• A flexible hybrid work model that supports individual and team needs.
• A diverse, inclusive culture that values people for who they are.
• Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.