Catastrophe Modeller - London, United Kingdom - Avencia Consulting

Avencia Consulting
Avencia Consulting
Verified Company
London, United Kingdom

3 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

Avencia consulting is partnered with a commercial insurer seeking an AIR catastrophe modeller for their London office. This is an exciting role as its a first of its kind for this client.

The role

1.To drive an appropriate branch Catastrophe Modelling function. Working closely with home office 'Catastrophe Modelling' department.

  • Support the branch in our ambition to provide market leading catastrophe analytics and control of our business.
  • Contribute to the delivery of branch and home office systems, projects and activities in line with the Company's strategy and business plan
  • To support the Head of Actuarial in developing the objectives for the function by providing sound advice and clearly communicated risks and assumptions
  • To ensure that the relevant people receive timely and comprehensive MI.

Key accountabilities
-
Actuarial:


  • Natcat modelling of Delegated Authority accounts via thirdparty vendor models (mainly Touchstone) and if applicable inhouse developed tools
  • Natcat modelling of Single Risk portfolios and supporting the company Nat cat exposure system SPEX
  • Upon request, SR account modelling (e.g. Olympic Games for Contingency)
  • Advising underwriters regarding portfolio changes and impact on natcat results (scenario analysis, portfolio optimization etc)
  • Contribution towards selected projects (infrastructure (e.g. SPEX), model validation, model development)
  • Review and calculation of CAT loss ratios and premium projections used in the business planning cycle
  • Responsible for ensuring documentation is completed for various reports, committees as required by the company for functional area
  • Provide advice, recommendations and solutions to colleagues for projects that will assist in implementing the HDI Global Specialty strategy
  • To provide timely and MI to Underwriting and Management to enable comprehensive Nat-Cat exposure management with respect to aggregate management and efficient capacity utilisation
Support for reinsurance pricing

1.
Relationship Management
-
Build strong and effective relationships within the business, encouraging cross company team working to facilitate effective commercial decisions.
-
Willingness to closely cooperate with team in Hannover, working on the same agreed standards, processes and systems
-
Frequent/regular travel to Hannover to meet modelling colleagues

2.Risk Management

  • Design, implement and maintain process controls to ensure the quality of the output of the function. Ensure documentation of the processes and output is accurate, uptodate and accessible

3.Compliance and Conduct

  • Maintain an understanding of and comply with all relevant FCA / PRA / Company regulatory requirements and other relevant regulatory requirements

4.Reporting

  • Design, deliver, analyse and critically review reports providing necessary commentary, insights and findings and where necessary take appropriate action

5.Process Improvement

  • Identify and enhance the quality and value of processes across the function
  • Report any existing or new risks, as well as significant control failings/weaknesses or events that may arise to the head of function.

6.Project Management

  • Oversee and deliver functional projects and contribute to any Branch/group wide projects

Skills & experience

  • Communication Skills
  • Builds influencing strategies that achieve change significant change in stakeholder positions by understanding all parties' positions and demonstrates advanced influencing techniques. Strong presentation skills both in person andthrough documentation
  • Preventing and Solving Problems breaks down and analyses complex problems and uses specialised techniques to analyse and solve the problem


  • Planning and Organising

  • The flexibility, drive and ability to meet demanding deadlines while maintaining a high quality output


Collaborating with others - Creates healthy stakeholder relationships and networks across the group in order to successfully challenge and solve conflict.

-
Experience of MI production
-
Experienced user in software relevant to cat modelling preferably AIR Touchstone
-
Strong knowledge of Microsoft Excel and VBA for excel

  • Experience in natcat modelling of worldwide property and specialty business via third party vendor models, preferably AIR Touchstone
  • Experience of London market specialty business
More jobs from Avencia Consulting
See all jobs of Avencia Consulting