Reporting to: Exposure Management Lead
Location: London
About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation, and human expertise to make smart decisions, fast.
ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.
The role
The Senior Exposure Management Analyst is a role supporting the Exposure Management Team as IQUW continues to expand its underwriting of Specialty, Commercial and Reinsurance business. The role will be focussed on portfolio modelling analytics and will suit an analytically minded individual with and interest in coding.
It is a unique opportunity to work in a rapidly evolving and fast-growing environment, where exposure risk management and analytics are at the core of our business.
We are looking for an individual that will bring a strong level of expertise and contribute to the development of robust and innovative analytics in order to drive IQUW to achieve a highly profitable and optimised portfolio.
Key responsibilities
- Supporting the Exposure Management Lead, Research Lead, and other Senior Exposure Management Analysts to ensure catastrophe exposure is well understood, measured, and clearly communicated across the business.
- Develop the automated systems we use for roll-up of aggregate modelling positions to support deal-by-deal underwriting decisions, enabling strong controls and optimised use of risk appetite.
- Support the Research Lead and Exposure Management Lead in developing the IQUW ‘View of Risk’, to reflect IQUW’s best view of catastrophe risk from a severity and frequency perspective. Ensure a consistent view of risk can be used for pricing, exposure monitoring, and group risk management. This will include proprietary adjustments and potentially a range of outcomes through deployment of multiple of views of risk.
- Aid in the design of systems and processes (e.g., development of dashboards) to support management and monitoring of the Group’s aggregate catastrophe exposures (natural and non-natural perils).
- Contribute to delivering regulatory exposure management reports to ensure submission requirements and deadlines are met.
- Develop analytics to inform outwards reinsurance strategy and contribute to reinsurance data submissions. This will involve representation of the portfolio via multiple alternate views of risk.
- Support the exposure management and underwriting teams to ensure the smooth and effective execution of IQUW Catastrophe Modelling procedures via external model and solution providers
- Involvement in ad-hoc projects to continue to enhance Exposure Management capabilities throughout IQUW.
- Evaluation, research, and development into cloud-based technologies that can enable greater efficiency processes and reports with improved data integrity.
- Contributing catastrophe inputs for the group capital model and ensuring clear communication on portfolio completeness and data accuracy.
- Supporting the exposure management and claims teams in responding to events and estimating potential loss, sourcing data from multiple inputs.
The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Essential qualifications, skills and experience
- Strong exposure management knowledge and expertise in modelling natural/non natural catastrophe risk.
- In depth knowledge of how catastrophe models work, their strengths and weaknesses, and how to draw maximum value from their results.
- Strong programming skills and experience with tools to manipulate large data sets, preferably R or Python
- Experience working in a Catastrophe Modelling / Exposure Modelling team
- Knowledge of both Lloyd’s, PRA and Solvency II requirements
- Strong written and face to face communication skills
- Have or develop a good network outside ERS related to exposure management matters
- Experience or desire to manage/mentor junior members of the team
Desirable behavioural attributes
- Strong analytical, quantitative, problem-solving, and critical thinking skills
- Critically assessing the status quo, thinking outside of the box to build an exposure management function for the future
- Good written, verbal and presentation communication skills
- Ability to work collaboratively with other business units to achieve common objectives
- Organised self-starter, with drive and commitment; able to finish work with little supervision
- Excellent interpersonal skills and the ability to maintain effective working relationships
