To assist the Head of Exposure Management for Polo Managing Agency (PMA) and its managed syndicates on providing Exposure Management services across all property and non-property lines of business including catastrophe risk management, casualty & liability, post event reporting and regulatory returns.
To support the Exposure Management function at PMA, reporting to the Head of Exposure Management.
To help implement PMA’s Exposure Management Framework, including policies, procedures, systems and reporting, and implement appropriately across the agency and all managed syndicates.
To provide assistance to managed syndicates in line with PMA’s exposure management framework to help ensure that all regulatory obligations and deadlines are met.
Day-to-day activity will include:
Supporting syndicates with the management of catastrophe, and non-catastrophe exposure processes in line with agreed risk appetites and tolerances across multiple lines of business.
Providing Exposure Management support and guidance to syndicates to meet Lloyd’s expectations for Principles for Doing Business (PBO) expectations with regards to PBO 2a and 2b.
Contributing to defining and reporting appropriate cat view of risk into the LSM or Internal Model for regulatory capital setting purposes.
Produce reporting materials for Committees and senior management.
Providing guidance on validation of the cat view of risk and assisting in managing changes to cat view of risk and exposure management methodologies including appropriate communication with Lloyd’s Exposure Management team.
Assisting the Head of Exposure Management to implement PMA’s governance structure including the timetabling of committee meetings
Review and submission of regular and ad hoc Lloyd’s exposure management reporting.
Exposure Management (EM) Practice
To assist with all EM services including target operating model design and build.
Manage and support the day-to-day, onboarding and subsequent BAU delivery.
Look for, and implement continual improvements in process, accuracy and efficiency.
Continually assess new and alternative digital solutions, market developments and initiatives, to understand impacts to Polo, threats and opportunities.
Minimum 3 years’ experience in the Lloyd’s market in an exposure management related role.
Experience in filing Lloyd’s Exposure Management regulatory returns.
Experience of the Lloyd’s Business Planning Process.
Knowledge of exposure management processes.
Proficient level of IT skills.
Self-motivated and proactive.
Excellent written and verbal communication skills with strong interpersonal skills.
Highly numerate with strong analytical and problem-solving skills.
Ability to adapt to changing priorities and manage multiple deadlines.
Ability to work collaboratively with others and establish strong relationships both internally and externally.
Preferably graduate and ACII qualified or working towards ACII qualification.
A strong understanding of the Lloyd’s market and exposure management functions within the market.
Knowledge, and a working understanding of PRA and Solvency II exposure management requirements, Lloyd’s operations and related regulatory reporting
Understanding of underwriting and outwards reinsurance.
Understanding of Lloyd’s Principles for Doing Business, with a detailed understanding of Principle 2 Exposure Management.
As well as a competitive salary, discretionary annual bonus, and a minimum 26 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.
You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.
PoloWorks is the leading provider of UK-based support services to the insurance market. We have built a strong reputation as dedicated and dependable experts in our field. We pride ourselves on our ability to be flexible, responsive, and knowledgeable.
As a leading service support company and turnkey managing agency, our clients choose us because our staff not only have the expertise but also a profound affinity with their business challenges. Our mission is to support, inspire, and develop the insurers of today and tomorrow.
Our clients, whether digital start-ups or well-established organisations, rely on the PoloWorks team to develop and strengthen their businesses. Our clients' goals are our goals. As such we design and deliver bespoke solutions to their specific business challenges.
Recognised as a Great Place to Work certified company and listed among the Best Workplaces in Financial Services & Insurance, PoloWorks is proud of its positive culture and commitment to its people. With offices in London and Cheltenham, PoloWorks has ambitious growth plans, offering exciting opportunities for anyone joining us on the next phase of our journey.
It's our mission to unleash the potential in every team, and we know that teams perform best when they are diverse and every team member feels that they belong. It is the unique contributions of all PoloWorks colleagues that drive our success, and we are committed to building an inclusive culture where everyone is empowered to do meaningful work and are recognised for their efforts. To that end, we are committed to providing an environment free of discrimination for everyone.
