Senior Underwriting Risk Analyst

Job summary

The Risk Team has a core focus on improving overall underwriting risk management. Working with the underwriting teams, Active Underwriter, CUO and support functions. The team ultimately plays a part in improving our underwriting result and controls environment, while at the same time giving the Board/Executives comfort over our strategy, business plan and adherence to underwriting processes and procedures.

Role includes:

• Co-ordination of Independent Underwriting Reviews and Class Oversight Reviews.       

• Effective identification of underwriting risk issues

• The instigation of appropriate challenge of underwriting

• Performing risk assessments on an ad-hoc basis on topics and areas that encompass Underwriting Risk

• Support of Risk Reporting and regulatory return that include elements of Underwriting Risk.

Main duties

The role encompasses a broad range of Underwriting risk management activities. As an Underwriting Risk Analyst your duties will include:

• Responsibility for the co-ordination of Independent Underwriting Reviews. This includes assisting with the scope of reviews, co-ordinating with the external reviewer and organising all Management Information used within the review.

• Lead on Class Oversight reviews which includes data analysis review and documentation of specific underwriting classes from a second line perspective.

• Production of Underwriting management information / regular reporting for committees, management meetings and the wider Group.

• Carry-out and lead where required on ad-hoc Risk Assessments for specific Underwriting risks (e.g. Business Plan Risk Assessment)

• Support the projects that fall under the remit of the team such as the Annual ORSA Report, Internal Model Validation, Stress Testing and Regulatory returns, providing input from an Underwriting expertise perspective.

• Build relationships with internal stakeholders to effectively communicate key risk issues and to ensure timely receipt of key Risk metrics and KPIs

• Attendance at meetings as required

Regulatory responsibilities

• Support in the production of Regulatory Reports

Our requirements

Relevant experience

Essential             

• Relevant insurance industry experience either within an underwriting or broking function or with regular exposure to underwriting

Technical skills

Essential             

• Insurance industry experience
• Experience of underwriting processes, practices and underwriting risk management
• Proficient knowledge of Excel, Word and PowerPoint

Desirable

• Underwriting performance experience as well as in-depth knowledge of underwriting metrics
• Good understanding of capital modelling, catastrophe management, actuarial and finance practices Broader risk awareness

Education & Experience

Essential             

• 2:1 degree or better
• Professionally qualified or part qualified in a recognised insurance or financial / risk discipline

Desirable

Personal skills

• Able to think critically to solve problems and justify decisions
• A team player who is able to build strong relationships
• Well organised, and a clear thinker
• An excellent communicator
• Good with numbers
• Self-motivated with a professional outlook

Board & Committee Memberships

None

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.