Specialty Associate Analyst - Exposure Management

Chaucer Syndicates Ltd; Greater London; Hybrid; GBP 55,000 - 75,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Chaucer Syndicates Ltd in London seeks a Specialty Associate Analyst to support the Exposure Management function, focusing on Political Violence, Political/Credit Risk initially, and expanding into Energy & Marine. You will capture, cleanse and import exposures for modelling and monitoring against risk appetite.

You will work with underwriters and brokers to gather data, produce MI and analytical reports, support governance, and help develop aggregate management methodologies with the Specialty

Qualifications

• Knowledge of Exposure Management.
• Understanding of the London Insurance Market and fundamental insurance concepts.
• Experience in risk modelling and loss quantification.
• Experience using RMS Risklink / Sequel Impact advantageous.
• Advanced use of Microsoft Excel.
• Knowledge of other Microsoft Office products.
• SQL and Power BI advantageous.

Responsibilities

• Interpret complex slip terms and conditions, identifying and capturing exposures for modelling and aggregation systems.
• Review data in underwriting submissions and liaise with brokers/underwriters to obtain required information.
• Produce management information and analytical reports for the Specialty classes.
• Oversee peer reviews and query support for outsourced data-entry work.
• Validate and maintain tools for evaluating Specialty classes.
• Assist with Exposure Management returns to Lloyd's and external regulators.
• Ensure processes are documented and governance is up to date.
• Collaborate with Senior Analyst(s) on process improvements.
• Work with underwriters daily to align priorities and manage expectations.
• Help develop aggregate management methodologies and scenarios.

Skills

Exposure Management

Insurance market knowledge

Risk modelling

Loss quantification

Numeracy

Analytical abilities

Communication skills

Problem solving

Tools

RMS Risklink

Sequel Impact

Excel

Power BI

SQL

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 summary

This is a Specialty Associate Analyst position within the Exposure Management function, initially focusing on the Political Violence & Political/Credit Risk classes of business and broadening into other Specialty classes such as Energy & Marine. The role is to provide risk modelling services to the underwriting function through the data management of exposures. Exposures will need to be captured, cleansed and imported into the various Exposure Management tools, in order to model and monitor the results against the company’s risk appetite. The Associate Analyst will be responsible for ensuring the completeness and accuracy of the data and subsequent analytics. In addition to supporting the underwriting division, the Associate Analyst will help develop and enhance processes to manage the exposures of the Specialty classes and report accumulations into various committees and regulators.

• Interpret complex slip terms and conditions, identifying and capturing the exposures into a data format suitable for the catastrophe modelling and aggregation 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
• Oversee the completion of peer reviews and query support for the data entry work by our outsourced team
• Validate and maintain tools that can be used to assist in the evaluation of Specialty classes
• Assist with the production of Exposure Management returns, both internally and to Lloyds and other external regulators including Outwards Reinsurance data production
• Ensure all processes are fully documented and relevant governance documents are up to date
• Make updates or improvements to processes in conjunction with Senior Analyst(s)
• Working closely with the Senior Analyst(s) 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
• Work with the Specialty Lead to develop and enhance aggregate management methodologies and scenarios to represent the risk to the business

Our requirements

• Knowledge of Exposure Management
• Understanding of the London Insurance Market and fundamental insurance concepts
• Experience in risk modelling and loss quantification
• Experience using RMS Risklink / Sequel Impact advantageous

Technical skills

• Advanced use of Microsoft Excel
• Knowledge of other Microsoft Office products
• SQL and Power BI advantageous

Education & Experience

• Highly numerate evidenced within education or experience

Personal skills

• Strong numeracy and analytical abilities coupled with excellent attention to detail
• Strong written and oral communication skills
• Willingness to use initiative to problem solve

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 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.