Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.
We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.
The Role
This is an important role assisting the Exposure Management Manager to support Aspen's exposure management capabilities within man-made cat. Analysing risk information and developing insights for insurance and reinsurance for internal and external reporting. For this role, exposure management refers to the management of risk accumulations from a wide range of man-made perils to which Aspen may be exposed, including (but not limited to) casualty, cyber, terror and others. Our Aspen Values are expected to be reflected in the delivery and performance of every role.
Key Accountabilities
Strategy and Planning
Actively contributes to functional strategy development
Arranges own work priorities and activities in line with agreed plans to ensure the achievement of personal and team objectives.
Develops strategy for their responsible lines of business aligned with the functional strategy
Policy, Process and Procedures
Comply with external and internal frameworks, policies, procedures, and regulations
Promotion of Exposure Management best practice in all areas of work
Working towards becoming a subject matter expert in assigned lines of business by pro-actively working closely with Underwriting, Risk and other Exposure Management Analysts
Working towards becoming a subject matter expert in Exposure Management regulatory oversight and submissions.
Environmental Awareness/Customer Focus
Liaise closely with Underwriting teams on key exposure management issues
Develop relationships with key stakeholders as required
Identify potential value-add reports and processes to Underwriting and Management
Ensure appropriate and timely communication on Exposure Management to relevant Underwriters
Assist other departments in understanding exposures and implementing new frameworks or regulatory requirements
Technical Performance
Run established BAU processes utilising SQL, Excel and Python
Independently identify and implement improvements to existing reporting processes
Adapt and develop processes to respond to new requests and regulatory requirements, internal and external
Support EM Manager to identify and work to resolve limitations in Aspen's man-made views of risk/accumulation models and approaches
Pro-actively engage on the development of the Exposure Management datamart (SQL), embedding knowledge into the data processes with manager support
Understand and opine on data flows into Exposure Management, taking steps to ensure data is appropriately used by the team
Interrogate SQL database to inform responses to stakeholders
Provide ad-hoc data and analysis to manager requests
Ensure compliance with regulatory submissions within personal remit
Own netting down process for quarterly and regulatory reporting
Knowledge, Skills & Experience
Exposure management/cat modelling/actuarial experience is a must
Understanding of Insurance and Reinsurance
Understanding of key man-made lines of business
Knowledge of key Exposure Management regulatory inputs (RDS, BSCR, Standard Formula)
Strong and proficient MS Excel skills (pivot tables, xlookups)
Data manipulation skills (SQL and Python ideal)
At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.
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