Senior Specialty Analyst - Exposure Management

Chaucer Syndicates Ltd; London; On-site; USD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Senior Specialty Analyst to join their Exposure Management team. This pivotal role focuses on Political Violence and Political/Credit Risk, where you'll lead exposure analysis, manage data accuracy, and enhance processes to support underwriting functions. You'll collaborate closely with underwriters and outsourcing partners, ensuring that all data is meticulously captured and analyzed. The company values flexibility, offering a hybrid working model that promotes work-life balance. With a commitment to diversity and a robust benefits package, this is an exciting opportunity to contribute to a growing organization at the forefront of the insurance industry.

Benefits

Pension

Medical Insurance

Life Insurance

Flexi Benefits

Options for Buying and Selling Holidays

Qualifications

• In-depth knowledge of exposure management and data analysis.
• Experience managing relationships with brokers and underwriters.

Responsibilities

• Lead exposure analysis for Political Violence and Political/Credit Risk.
• Produce analytical reports for underwriters to manage portfolios.

Skills

Exposure Management

Analytical Skills

Attention to Detail

Problem Solving

Numeracy

Education

Numerate Education

CII Qualification

Tools

Microsoft Excel

SQL

Sequel Impact

Job description

Senior Specialty Analyst - Exposure Management

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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 Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com

Job summary

This is a Senior Analyst position within the Exposure Management function, with specific focus on the Speciality classes of Political Violence and Political/Credit Risk. This role includes the line management and development of the Analyst(s) working within the focus classes. The role will provide exposure analysis services to the underwriting function at a risk and portfolio level. Accumulation will need to be closely monitored against the company's risk appetites. The job holder requires an in-depth knowledge of exposure management.

The Senior Analyst will be responsible for ensuring the completeness and accuracy of the data and subsequent analytics. They will need to manage relationships with outsourcing partners and provide training where necessary. In addition to supporting the underwriting division, the Senior Analyst will help develop and enhance processes to manage the exposures of the Specialty classes and report accumulations into various committees and regulators.

Main duties

• Be the subject expert for capturing the exposure to Political Violence and Political/Credit Risk classes and the analysis of risk within our modelling and aggregation systems. This includes being able to interpret slip terms and conditions, identifying and capturing the exposures into a data format suitable for the systems.
• Reviewing the data presented in underwriting submissions and liaising with brokers and underwriters to obtain information required to analyse the risk.
• Produce management information and analytical reports for the Specialty classes to enable underwriters to monitor and quantify their exposures, in order to manage their portfolios within risk appetite.
• Answer queries and peer review data entry work from outsourced team.
• Overall responsibility for the entry of data into the aggregation and modelling systems, improving performance and efficiency on a continuous basis.
• Assist with the production of Exposure Management returns, both internally and to Lloyds and other external regulators.
• Ensure all processes are fully documented and relevant governance documents are up to date.
• Working closely with the Specialty Analysts to understand the team's priorities and deadlines.
• Working closely with underwriters on a daily basis to understand their priorities and manage their expectations accordingly.
• Understand how the 'Chaucer View of Risk' relates to the business written by the Specialty divisions and be able to explain this to stakeholders.
• Provide management, training and development to the Specialty Analyst(s).
• Manage relationships with outsourcing partners and provide training where necessary.

Our requirements

Relevant experience

Essential

- Knowledge of Exposure Management

Desirable

- Experience of deterministic scenario reporting

- Experience using Sequel Impact

Technical skills

Essential

- Advanced use of Microsoft Excel

Desirable

- SQL advantageous

Education & Experience

Essential

- Numerate, as evidenced within education or experience

Desirable

- CII qualification

Personal skills

- Excellent attention to detail.

- Good analytical skills.

- Ability to manage priorities and meet deadlines across many varying tasks.

- Strong numeracy.

- Willingness to use initiative to problem solve.

- Highly collaborative, with the ability to work both independently and as part of a team.

Other responsibilities

- Participate in the joint activities of the Exposure Management Team.

- From time to time take part in relevant projects throughout the wider business.

Why Chaucer

An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.

This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.

Hybrid working

We have no appetite to change this, whilst the market is steadily moving back to 4/1 working days, we are continuing to operate on a much more flexible hybrid basis with Heads of teams working closely with employees to strike a balance of what works best in their area. Our approach has been immensely popular and a successful way of working for the business and all employees at Chaucer.

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.

Benefits - Extensive, non-contributory benefits, including pension, medical insurance, life insurance, flexi benefits, options for buying and selling holidays, not to mention a diverse and inclusive culture, we pride ourselves on managing employees welfare. We have a wide range of other benefits on offer.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Finance

Industries: Insurance Agencies and Brokerages, Insurance Carriers, and Insurance