Job Title: Catastrophe Modelling Analyst
Division:Risk – Exposure Management
Location:London
Type:Permanent
Role of Department:
The role of the Exposure management team is:
- Support of Underwriting teams with modelling analysis for business and risk decision making and business opportunities.
- Support of Underwriting teams with analysis to help them manage and optimise their portfolios to their underwriting risk limits.
- Recording and modelling of exposure information with sufficient levels of detail and integrity.
- Production of data to support portfolio rollup processes, LSM and Liberty Group reporting and external reporting (Regulatory return data includes RDS, Lloyd’s Catastrophe Model and other Supplementary information).
- Production of post event exposure and loss potential analysis.
- Production of required outward reinsurance placing information.
- Production of capital model catastrophe data feeds.
- Production of internal Management Information.
Key Purpose of the job:
Recording and modelling of exposure information in order to monitor allocated portfolios.
Liaison with the class Underwriters for the allocated portfolios to lead the quoting/aggregation service. Support rollup processes ensuring consistency across multiple geographies. Support the training of junior analysts and the outsourcing team.
Key Responsibilities:
- Support the Integrated Business Unit team to lead the quoting/cleansing service for your allocated classes that in turn supports all rollups and reporting as well as bespoke Underwriter analytics to assist with assessing new business opportunities.
- Use third party modelling software (AIR) to model risks on behalf of Underwriters pre-bind.
- Maintaining an excellent relationship with offshore partner modelling team, answering queries and providing ongoing guidance.
- Peer reviewing third party output, providing guidance and improvement strategies where necessary.
- Supporting the senior team to ensure accurate and timely completion of BAU tasks focused on allocated classes.
- Support the senior team to deliver the recording and maintenance of policy and exposure information in accumulation systems monitoring, maintaining and improving data quality.
- Lead Integrated Business Unit and Outsourcing training and knowledge transfer.
- Support the team with tasks as part of the delivery of exposure management projects.
- Lead the response to the outsourcing business partners with queries around the cleansing assumptions for aggregation and modelling, taking ownership of complex accounts as required.
- Provide validated modelled output that can be used in all required internal and external regulatory submissions including but not limited to RDS, LCM, Aggregate Monitoring, Outwards RI submissions, ERM Reporting, GAREAT/LFB reporting.
- Learn about classes modelled in modelling platforms and how to best use catastrophe models
Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.
Skills and Experience:
- Undergraduate degree (or equivalent) in a relevant field (e.g. Natural Sciences, Finance, Economics, Mathematics, Geography).
- Working knowledge of third-party catastrophe models/aggregation tools essential.
- Advanced knowledge of using functions within Microsoft Excel.
- Familiarity of Technical coding including SQL essential (R, VBA, Python desirable).
- Experience of using and implementing Data Dashboards (e.g. PowerBI, Pyramid, Tableau) is desirable.
- Experience of working with offshore business partners is desirable.
- Highly analytical, with ability to process and understand data quickly and creatively.
- Efficient and organised individual with a mindset for continuous improvements.
- Ability to work independently whilst integrating into a time critical business environment.
- Excellent business communication skills including the ability to communicate technical concepts to range of audiences, and creative thinking to solve complex issues as they arise.
About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
· Offering a vibrant and inclusive environment and committing to their career development.
· Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
· Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
· A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
For more information, please follow the links below:
https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us
https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-equity-and-inclusion
