Insurance Exposure Management Analyst – Modelling

This role will involve analysing portfolio exposures using a variety of vendor and internal models working as part of the exposure management team in helping to develop and set up the processes and systems within a established insurance/reinsurance company.

The ideal candidate could have 1 to 2 years’ experience working within an Exposure Management team, or knowledge of insurance and catastrophe modelling software e.g., Moody’s RMS, however high-quality graduates will also be considered.

Key tasks:

1. To support the underwriters by providing exposure reports, enabling Underwriters to form risk-taking decisions on the highest quality information thus ensuring exposures are recorded accurately.
2. The manipulation and input of exposure data into Moody’s RMS.
3. Assist with managing the data flow process which will include liaising with underwriting units for data requirements.
4. Extensive portfolio management and variance analysis including running and monitoring Exceedance Probability (EP) and internal aggregate model outputs.
5. Close liaison with underwriters regarding modelled numbers as well as informing underwriters regarding model changes and issues.
6. Involvement in post-event loss analysis.
7. Involvement in the regular internal and external syndicate reporting which includes, but is not limited to, quarterly preparation of RDS loss estimates and combined Exceedance Probability numbers for Lloyd’s, Class of Business EP, and aggregate reporting.
8. The use and development of internal proprietary models and provide input into future model developments.
9. Ad hoc reporting and involvement in projects to continue and expand the development of the Exposure Management.

Key personal skills required:

1. Minimum second-class honours degree ideally in a related field or equivalent.
2. A high level of numeracy, with experience in handling, manipulating, and analysing large data sets.
3. Flexibility to adapt to challenges such as future changes in regulatory requirements and/or the modelling of new business classes.
4. Have an ability to manage time and work demands and adhere to all deadlines.
5. To have the ability and personality to work as part of a team as well as the ability to work under their own initiative.
6. Excellent communication skills both internally within the company, and externally.
7. Ensure compliance with company and other relevant standards and regulations.

Key technical skills, knowledge and professional qualifications required:

1. 1 to 2 years’ relevant industry experience, preferably some of which has been gained within a Lloyd’s Managing Agency Exposure Management team, catastrophe team or D&F experience, however high-quality graduates will also be considered.
2. A high level of computer literacy, with working knowledge and experience of Microsoft applications such as 365, Power BI, Excel and Access. Knowledge and experience of Moody’s RMS and SQL (desired).
3. An interest and understanding of the key principles and complexities of catastrophe insurance, loss modelling and aggregation. Experience in Property/Specialty Treaty (desired).
4. Have an ability to manage time and work demands and adhere to all deadlines.
5. To have the ability and personality to work as part of a team as well as the ability to work under their own initiative.
6. The successful candidate will be required to get involved in a wide variety of tasks as and when required; and excellent communication skills both internally within the company, and externally.

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