Exposure Management Technical Specialist (ILS)

This is a senior technical position within the Exposure Management Team, working directly with the Head of Catastrophe Research, Head of Exposure Management, CUO, CRO and Head of RI Purchasing. This role mainly provides support for the more ad hoc technical work that comes up in the Exposure Management team outside of standard modelling or Portfolio Analytics BAU. The main focus of the role relates to non-traditional reinsurance structures (ILS). The role requires close collaboration with the Outwards RI Purchasing team providing Exposure Management analysis for more unusual products that may be purchased to protect the Chaucer portfolio as part of the intelligent capital strategy. The holder of the role would be expected to explain complex technical work to technical and non-technical internal and external stakeholders. The role holder is also expected to provide technical support for modelling produced for standard Outwards RI purchases. The role requires a strong statistical background with a good knowledge of SQL, Power BI, VBA, R/Python, whilst having good commercial understanding. Detailed knowledge about different reinsurance structures is essential, especially non-traditional structures (ILS) as well as detailed understanding of simulation financial models, given this is the main focus of the role. There will be some opportunity to get involved in different projects and to help the team improve and refine overall processes through automation whilst ensuring suitable controls and quality control. There will also be some opportunity to work with the other senior managers within Exposure Management to develop alternative tools or analytics to support the business supporting the Portfolio Manager as required. Main duties Support the Head of RI Purchasing in the design of non-standard reinsurance treaties (ILS), leading the internal technical review of these treaties. Working closely with the Analytics Lead and other senior members of the Exposure Management team as required. Building strong relationships with Broker Analytics teams. Lead and complete the Exposure Management activities related to non-standard RI (ILS) already in place, including reporting and stakeholder engagement, ensuring an efficient and effective process. Ensuring minimal disruption to BAU for other members of the Exposure Management team. Engaging with external stakeholders as required. Help the Head of Exposure Management and Head of Catastrophe Research drive change through value-added and influential analytics. Support in the development and training of the in-house pricing and aggregation system to support Exposure Management tasks and analytics and the integration with modelling tools and Chaucer’s data strategy. Lead the portfolio optimisation work for Catastrophe driving classes with the Chaucer portfolio utilising a variety of statistical techniques and methods. Additional Responsibilities • Provide input and ideas for…