Purpose of the Job:
To ensure that the team provides underwriters with a fast, consistent and accurate service in line with risk aggregation strategy agreed with the CRO.
To ensure complete and accurate exposure data and modelled loss information, in line with risk aggregation strategy, is available to provide internal and external stakeholders with appropriate reporting within agreed timeframes to enable compliance with internal and regulatory requirements.
To ensure business understanding of its risk profile in order to achieve an efficient deployment of aggregate.
To continuously strive to develop, streamline and implement best practise processes, tools and analytical reporting for the risk aggregation function whilst aligning processes across classes of business and different uses of modelling (e.g. ORI and Pricing).
To manage the daily workload, relationship and output of the outsourced business partner in respect of relevant modelling and data entry.
Principal Accountabilities:
• To work with the risk aggregation team members and other relevant functions (capital modelling, actuarial and ERM) to ensure that modelling processes and assumptions are closely aligned, operate as intended and meet all regulatory requirements.
• To provide the relevant pricing, rollup, analytics, management information and reporting to the relevant stakeholders (e.g. underwriting and ORI placement teams) with a high degree of accuracy and timeliness.
• To manage the quality of exposure data and the production of data from Brit’s processing teams
• To provide the relevant subject matter expert input into wider risk aggregation projects and deliverables (e.g. Brit view of risk and ORI).
• To train and develop junior team members including completing all performance reviews by the relevant deadlines seeking input from the team’s stakeholders.
• To interact with and maintain good relationships with all internal and external stakeholders (e.g. model vendor and brokers).
• To assist the other members of the Risk Aggregation team where necessary.
