R&D Exposure Management Analyst

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations. Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way. The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric. Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline. Job Purpose: Responsible for assisting in the development of the Exposure Management model evaluation framework and implementation of tools / models where appropriate. Supporting the R&D of exposure management and catastrophe modelling for all group entities and classes of business. Maintaining and developing Ascot’s high standards expected of Exposure Management. Reporting to senior management as well as externally to Lloyds and other regulators/rating agencies. Detailed Duties: Undertake R&D projects, both as part of a team and self-guided, to enhance Ascot’s understanding of natural and man-made perils which the group are exposed to. Contribute to the enhancement of Ascot’s view of risk Have or be able to acquire excellent knowledge of existing catastrophe modelling software, its capabilities and limitations, depending on experience. Develop a consistent approach to assess the credibility of specific models and be prepared to make recommendations to management about their use and limitations to inform their selection. Perform evaluation and validation of natural catastrophe models for all lines of business by applying methodologies in line with Ascot’s model evaluation framework. Perform validation on external casualty catastrophe liability models to help determine their relevance for the group Be able to update and build on existing evaluation work and interpret new developments in scientific understanding and modelling approaches as they arise. Provide feedback on model evaluation to senior members of the exposure management team and underwriters demonstrating an in depth grasp of modelling components and materiality to the group portfolio. Contribute to other research and development projects to enhance Ascot’s overall approach to modelling, exposure management and non-modelled perils. Involvement in the improvement and streamlining of exposure management R&D capabilities and processes Support EM’s view of risk with technical skill Work with senior members of Exposure Management on document writing and presenting of material to senior management and externally Other expectations: Participation in the wider activities of the exposure management team as well as the overall risk function From time to time, taking part in relevant projects throughout the wider business Keeping up-to-date with technological developments applicable to our field Performing other related duties to meet the on-going needs of the organisation Technical Skills: Educated to at least Masters level in a relevant scientific/numerate subject. Knowledge of at least one vendor catastrophe modelling framework and understanding of the probability and statistical concepts behind it. Demonstrable competence in querying SQL. Knowledge of other non-SQL alternatives useful. Experience using high-level coding languages like VBA, R, Python. C++ or C# and development experience using version control would be an advantage. Understanding of GIS systems and principles. Able to script using GIS packages in R or Python desirable. Creative and able to advocate novel ideas and solutions. Details orientated, while being efficient and timely. Please be aware that Ascot Group’s job opportunities will be posted on our official careers page. All official communication comes from @ascotgroup.com email addresses, if you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy. We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group. #LI-Hybrid