Portfolio Modelling Manager

Job Profile Summary

This senior role reports to the Portfolio Change Manager and is accountable for the delivery of Business-as-Usual class catastrophe modelling services across all classes. It leads the Modelling team, manages capacity and quality, supports class catastrophe risk appetite reporting, and ensures Underwriting receives timely, accurate and commercially relevant class modelling analysis to support risk selection, portfolio management and strategic decision-making. The role is responsible for embedding approved changes into BAU operations.

Job Description

Main Duties

• Work with the Portfolio Change Manager, Underwriting Management and other stakeholders to support business priorities and priorities set by the Head of Exposure Management.
• Own class modelling delivery across all classes, setting priorities and meeting internal, regulatory and business deadlines, leading portfolio analysis, reporting and explanation of material movements across the gross catastrophe position.
• Own the delivery of class catastrophe modelling services to Underwriting, ensuring service standards are met and timely, accurate and commercially relevant analysis is provided to support underwriting decisions, portfolio management and business objectives.
• Ensure class modelling outputs, exposure information and contract data are accurate, complete, consistent and clearly communicated.
• Lead class catastrophe modelling and quality assurance of exposure data and outputs for pre-bind, post-bind and downstream use.
• Lead and develop the Modelling teams, maintaining clear responsibilities, appropriate capacity and flexible resourcing across classes.
• Report delivery, resource, quality and operational risks to the Portfolio Change Manager, recommending priorities and capability needs.
• Lead class modelling testing for approved changes, model updates and system enhancements, and own the operational implementation and transition of agreed change initiatives into BAU processes.
• Lead class modelling support for event response, Outwards Reinsurance, ILS, live Partnership and Innovation risks, and recurring analytics.
• Own day-to-day outsourced class modelling and Exposure Management related data entry performance, quality and capacity, supporting future outsourcing reviews.
• Line-manage the Specialty, Emerging Cat and Property & Treaty Leads, setting direction, priorities and performance expectations.
• Deliver class modelling analysis and scenarios for blueprinting and other change initiatives led by the Portfolio Change Manager.
• Own class catastrophe risk appetite monitoring, challenge unexpected positions and coordinate annual reviews of class catastrophe risk appetites and maximum lines.
• Lead continuous improvement within class modelling processes, data quality, reporting and workflows, identifying opportunities to improve efficiency, consistency, quality and scalability.

Other Responsibilities

• Participate in the wider activities of the Exposure Management Team and relevant business-wide projects.
• Maintain current knowledge of catastrophe science, modelling technology and market developments, and promote improved scientific and technical understanding across the team.
• Provide technical support to the Modelling team, wider Exposure Management function and wider business.
• Participate in the Catastrophe Underwriting Group and relevant working groups when required.
• Promote a culture of continuous improvement and innovation within the Modelling team.

Skills and Competencies

Relevant Experience

Essential

• Significant class catastrophe modelling experience.
• Experience leading class modelling delivery and quality assurance across multiple classes.
• People-management experience.

Desirable

• Management of a large or multi-disciplinary team.
• Experience managing outsourced modelling delivery.

Technical Skills

Essential

• Proficient in at least one vendor catastrophe modelling platform, with Moody’s RMS preferred.
• SQL skills focused on catastrophe model output analysis and manipulation.
• Understanding of insurance and reinsurance financial terms.
• Numeracy and understanding of probability, statistics and catastrophe-model methodologies.
• Comprehensive understanding of catastrophe modelling software.
• Intermediate to advanced Excel.

Desirable

• Experience with in-house modelling and aggregation systems.
• Other programming languages.
• Knowledge of GIS or other mapping software.

Education

Desirable

• Educated to degree level.
• Relevant professional qualifications, or progress towards them, such as CSCR, ACII, CRM or CCRA.

Personal Skills

• Excellent organisational skills and ability to meet deadlines and objectives.
• People management and team development skills.
• Positive, proactive and self-motivating approach.
• Numerical and analytical ability.
• Excellent communication skills, with the ability to present complex information clearly and concisely.
• Interpersonal and influencing skills.
• Professional approach to delivery, prioritisation and stakeholder management.

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.