Who Are We?
Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Job Category
Actuarial
Target Openings
1
What Is the Opportunity?
We are currently recruiting for a Senior Catastrophe Risk Manager to join our team based in London.
As a Senior Catastrophe Risk Manager you will be responsible for building a small (4 Direct reports), high-performing team responsible for producing comprehensive portfolio roll-ups, regulatory returns, and conducting in-depth peril investigations. You will drive process improvements and support model validation efforts to ensure the business meets both internal and external expectations. You will be reporting into the Director of CAT Risk and join the CAT Risk leadership team. This is an exciting opportunity for someone looking to take the next step in their career and drive real change as we continue to grow our CAT Risk function.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
This role is eligible for a £2500 new joiner bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.
What Will You Do?
- Lead and manage the production of portfolio roll-ups and regulatory returns to ensure compliance and accuracy.
- Oversee peril investigations to assess and understand risk exposures for key regions and perils.
- Drive process improvement initiatives to enhance efficiency and accuracy in catastrophe risk operations.
- Validate catastrophe models, working closely with internal teams and external vendors to ensure accuracy and reliability.
- Collaborate with cross-functional teams to support business needs and regulatory requirements.
- Mentor and develop team members, fostering an environment of innovation, learning, and continuous improvement.
- Ensure timely and effective communication of risk insights to senior management and stakeholders.
- Act as a subject matter expert focused in one or more of the following catastrophe risk evaluation areas: CAT model framework, monitoring aggregation profiles, development of catastrophe view of risk, and/or performing risk reward analysis.
- Develop and analyse business and market results, identify trends, and formulate hypotheses for potential future research and analysis.
- Partner with the business to establish and monitor one or more of the following: CAT underwriting strategy, development of hazard maps, and/or metric standards including data quality, data feed attributes, concentration metrics, and profitability ratios.
- Maintain knowledge of Data Repository & Catastrophe Ecosystem for metrics, reports and exposure data.
- May lead CAT Event Response coordination across the enterprise, producing impacted exposure summaries for major events, and providing guidance to executive, claim, reserving and analytical teams.
- May lead or participate on post event reviews for catastrophe perils.
- Perform and apply judgement to appropriately identify current or future problems or opportunities, analyse, synthesize and compare information to understand issues, identify cause/effect relationships, and develop proposals and begin to make decisions independently.
- Lead and direct enterprise-wide projects.
Be Committed, Be Connected, Be Creative and Be Energised – these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making Travelers Europe a great place to work.
To be successful, you will need to consistently deliver a great experience in every customer contact; connect with the right partners internally to find creative solutions to problems; be a role model; and consistently deliver on your commitments.
What Will Our Ideal Candidate Have?
- Significant relevant analytics experience.
- Advanced knowledge of Microsoft suite, SQL, geospatial, statistical packages or other programs used to retrieve and analyze data.
- Progress toward Certified Specialist in Catastrophe Risk (CSCR) designation or CAT model designation from leading 3rd party vendor such as Verisk Certified Extreme Event Modeler (CEEM).
- Project or people management experience
- Experience leading and managing complex projects.
- Thorough knowledge and understanding of Catastrophe Risk Modeling components including model output and metrics.
- Excellent communication skills with the ability to interact with all levels of management.
- Collaborate with business partners to set project goals and make recommendations for improvements.
What is a Must Have?
- Bachelor’s Degree in STEM (Science, Technology, Engineering, Mathematics), Business, or a related field.
- Considerable relevant analytics experience
- Proven experience in catastrophe risk management, with strong knowledge of portfolio roll-ups, regulatory reporting, and model validation within the Lloyd's market.
- Strong leadership skills with the ability to manage and motivate an enthusiastic and fast-paced team.
- Excellent analytical and problem-solving abilities, with a focus on improving processes and delivering results.
- Familiarity with catastrophe models (preferably AIR) and understanding of key perils such as hurricanes, earthquakes, sever convective storms, wildfire and floods.
- Effective communication skills, with the ability to present complex risk concepts to diverse stakeholders.
- Detail-oriented with strong organisational and project management skills.
What Is in It for You?
- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
Employment Practices
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.
