Specialty Associate Analyst - Exposure Management

Chaucer Syndicates Ltd; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Chaucer Syndicates Ltd is seeking a Specialty Associate Analyst to support the Exposure Management function. The role will focus on Political Violence and Political/Credit Risk initially, expanding across Specialty classes to model and monitor exposures within the company’s risk appetite.

You will manage data accuracy, support governance, and help develop processes for exposure management and regulator reporting, working closely with Senior Analysts and underwriters in London.

Qualifications

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

Responsibilities

• Interpret complex slip terms and conditions, capturing exposures for catastrophe modelling and aggregation systems
• Review underwriting submissions data and liaise with brokers and underwriters to obtain analysis information
• Produce MI and analytical reports for the Specialty classes to monitor exposures within risk appetite
• Oversee peer reviews and query support for outsourced data entry
• Validate and maintain tools to assist evaluation of Specialty classes
• Assist with Exposure Management returns to Lloyd's and external regulators
• Ensure processes are documented and governance updated
• Develop and enhance aggregate management methodologies in collaboration with Senior Analysts
• Work with underwriters daily to align priorities and expectations
• Collaborate with the Specialty Lead to improve risk representation and scenarios

Skills

Exposure Management

London Insurance Market

Advanced Excel

Office Suite

SQL

Power BI

Education

Highly numerate

Tools

RMS Risklink

Sequel Impact

Job description

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.

Main duties

• 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

Relevant experience

Essential

• Knowledge of Exposure Management
• Understanding of the London Insurance Market and fundamental insurance concepts

Desirable

• Experience in risk modelling and loss quantification
• Experience using RMS Risklink / Sequel Impact advantageous

Technical skills

Essential

• Advanced use of Microsoft Excel
• Knowledge of other Microsoft Office products

Desirable

• SQL and Power BI advantageous

Education & Experience

Essential

• 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

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.