Miller’s Catastrophe Analytics team works closely with brokers, clients and markets for multiple Buisness Units within Miller. As part of our team, you will not only perform risk analyses to support Miller in securing, placing and monitoring intricate insurance and reinsurance risks and programmes in the Lloyds, London and international markets, through the application of catastrophe modelling (RMS and AIR models) and other analytical techniques; but you will also actively assist brokers in placements and tenders.
Role Responsibilities
Model and analyse natural catastrophe exposure for multiple Miller Business Units to support Miller’s offering to its clients
• Model and analyse natural catastrophe exposure for various business streams (including Delegated Authority, Property and Casualty, Marine, Energy and Construction) to support Miller’s offering to its clients
• Carry out investigations of the appropriateness and sensitivity of modelling assumptions, maintaining Miller’s commercial position where this does not conflict with relevant professional standards
• Maintain robust documentation, data cleansing, data manipulation and peer review practices to ensure accuracy and relevance of model outputs and assumptions, clearly explaining any limitations of outputs
• Communicate modelling process and results with internal and external stakeholders, both verbally and through formal reports/presentations, to a very high standard
• Work with the team to build trusting relationships with internal and external stakeholders
• Ensure high standards of accuracy in work, ensuring all work is appropriately peer-reviewed and work with the team to manage competing priorities to deliver work in a timely fashion
• Adhere to and meet fully the expectations of Miller, as set out in its policies and procedures, training material, and embedded in its systems and controls. Our policies and procedures are written to encapsulate the compliance, legal and financial crime related legislation and regulations which apply to Miller.
• Comply with any external rules and requirements imposed on individuals performing their role at Miller, such as Lloyd’s byelaws and FCA rules.
• Promote Miller brand and values to enhance Miller’s reputation in the market
Qualifications
Essential
• A-Levels in numerate and/or natural hazards disciplines
Desirable
• Professional Catastrophe Modelling qualifications: CCRA (RMS), CEEM (AIR/Verisk) and/or CSCR (ISCM and iCAS)
• Bachelor’s degree in numerate and/or natural hazards discipline
Knowledge
Essential
• Strong grasp of catastrophe modelling methodologies and applications within the (re)insurance industry
Desirable
• Understanding of application of modelling to specific lines of business and risk transfer methods for (re)insurance within the Lloyd’s and other markets (e.g. Delegated Authority, D&F and Treaty Reinsurance)
Experience
Essential
• Experience using RMS RiskLink or AIR Touchstone including use of SQL
• Proficient in Excel, plus overall excellent understanding in the Microsoft office suite (e.g.PowerPoint, One Note, Outlook, Word)
• Strong oral and written communication skills for a variety of audiences
• Experience preparing raw data for import into an RMS and/or AIR modelling formats
Desirable
• Ability to operate both RMS RiskLink and AIR Touchstone
• Experience with programming languages to automate modelling processes (e.g., VBA, R, Python)
• Past experience at a broker or non-broking background (e.g., a syndicate or (re)insurance company) across multiple lines of business
• Competence to make appropriate assumptions when faced with missing or unreliable data
Benefits
On top of a competitive salary we offer a fantastic benefits package including:
• 10% pension contribution from Miller. In addition, Miller will match any employee contributions up to 5%.
• Private Medical Insurance
• Medicare cash plan
• Minimum of 25 days annual leave (with flexibility to buy more)
• Life Assurance
• Income Protection
• Critical Illness cover
• Enhanced Maternity, Paternity Adoption and Shared Parental Leave
** Miller is committed to providing equal opportunities to all applicants and to creating an inclusive working environment for all.