Department: Executive
Reports to: Head of Modelling
Days of work: Monday to Friday inclusive.
Hours of work: 9.30 am to 5.30 pm

Main Duties:

Supervision of modelling of Excess of Loss & Pro Rata property treaty business.
Modelling and pricing of complex property treaty business.
Work with underwriters to utilise modelled output
Involvement in the production of modelled output for the Syndicate’s outwards RI information and statutory returns.
Involvement in the management of the syndicate’s portfolio and business planning.
Assist in the research and development of natural peril pricing models for territories not covered by RMS and AIR.
Discuss strengths and shortcomings of the models (RMS, AIR & In-house) and their output with Underwriters and Actuaries (Capital Modelling & Pricing).
Audit / Health check of modelling of non-treaty property business.
Mentoring of treaty, binder and open market modellers.
Model testing.

Technical Skills:

Essential

Use of Windows 2000.
Advanced understanding of computer spreadsheets, particularly Excel and Access databases.

Relevant Experience:

Essential

Design of bespoke financial models using Visual Basic or VBA.
Modelling and pricing complex contracts (e.g. Top & Drop, Umbrella) with underlying inuring contracts.
Examining & verifying EDM data received with submissions.
Communication skills to discuss data & information received with brokers and underwriters.
Sufficient depth of understanding of statistics to explain EP curves, VAR, TVAR and other measures used in modelling to an audience ranging from Underwriters to qualified actuaries.
Excellent aptitude for writing code in VB and SQL.

Specialist Training:

Any specialist training will be given on the job.

Personal Skills:

Well presented and business-like.
Professional outlook.
Flexible at all times.
Very good interpersonal skills.
Excellent organisational skills.
Work as part of a team.
Adapt to a pressured environment.
Self motivated.
Capable of working to a timetable when required.