Head of Exposure Management

Aon Hewitt; London; Hybrid; GBP 85,000 - 120,000; Full time

Job summary

A leading company in risk management seeks a Head of Exposure Management in London. This pivotal role involves leading a team to drive performance across a significant portfolio while managing complex exposures, particularly in Nat Cat and Terrorism. The ideal candidate will possess strong technical knowledge and proven team management abilities, fostering relationships with clients and partners to differentiate Aon’s offerings.

Benefits

Comprehensive benefits package

Global Wellbeing Days

Flexible working environment

Qualifications

• Experience in Aggregate Exposure management is essential.
• Strong communication skills and ability to simplify complex topics.
• Track record of successful team management.

Responsibilities

• Lead a strong team of Exposure Management Analysts.
• Manage Aggregate Exposure assessments and reports.
• Develop relationships with key insurers and distribution partners.

Skills

Technical understanding of Nat Cat exposures

Team management

Communication skills

Attention to detail

Service provision

Education

Higher education and relevant professional qualifications

Tools

AIR

Job description

Head of Exposure Management

Are you passionate about driving initiatives and leading a strong team?

If so, then come and join Aon Underwriting Managers team that offers the flexibility to work both virtually and from our London office!

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Leading a team of Exposure Management Analyst providing Nat Cat and Blast Zone exposure information across a +$500m portfolio.
• Encompasses all classes of 1st party business with a particular emphasis on Terrorism and Nth American Property and is designed to drive Exposure Management performance and assist in business strategy for Aon Client Treaty and Alpha products.
• Leading a four strong team, plus outsourcing support, in providing utilisation levels per peril, geography and Class of Business.
• Managing the team and providing Aggregate Exposure assessments and reports in accordance with delegated authorities & management information requirements.
• Be the primary contact for the business regarding modelled exposures and develop excellent working relations with carriers and third-party vendors.

The main products;

• • Aon Client Treaty (ACT) is Aon’s flagship broking solution, offering dedicated Lloyd’s capacity of 20% co-insurance capacity on core business lines placed with material maximum dollar limits across any one class of business, exclusive to Aon clients. Developed with significant and ongoing investment from Aon, ACT continues to draw on analysis and modelling of 205 countries and territories, delivering uniquely powerful insights into risk.
  • Alpha Terrorism Alpha is Aon’s Innovative placement vehicle that offers pre-placed capacity to Aon clients, with recognized leaders within the terrorism market. The facility is composed of two sets of lead Lloyd’s carriers across a North America and International panel who compete to lead each risk, with a full Lloyd’s panel automatically providing follow capacity. Aon Underwriting Managers (AUM) are empowered to bind and issue the documentation on behalf of Alpha markets and more pertinently for this role manage the Terrorism, War and SRCC exposure.
  • Manage the team of Aggregation Analysts, including outsourcing service providers in executing their pre-bind exposure assessment, post-bind reporting and portfolio analysis.
  • Maintenance of exposure databases ensuring completeness and accuracy of exposure information.
  • Develop unique insights for assessing and reporting aggregate exposures
  • Lead in the development of appropriate documentation of risk management and modelling policies, tolerances and authorities & service level agreements with third party vendors.
  • Develop AUM’s ability to provide Lloyd’s RDS models to supporting syndicates
  • Provide technical oversight and training to members of the team
  • Support and comply with the internal data-quality audit process.
  • Develop and maintain relationships with key supporting insurers and distribution partners
  • Oversee the consistent and accurate coding of data to enable the most accurate aggregate reporting to be achieved.
  • To act fully in compliance with FSA rules and guidelines and with Aon Policy.

How this opportunity is different

This is an opportunity to make a difference through driving forward our Natural Catastrophe Assessment Service model to clients and providing a service that differentiates us from our competitors.

Skills and experience that will lead to success

• Level of education – higher education and relevant professional qualifications
• A high level of technical knowledge and understanding relating to the assessment of Nat Cat and Blast Zone exposures for all relevant classes of business.
• High level of knowledge and experience of AIR
• Experience in the field of Aggregate Exposure management
• Level of understanding in offshore platform / complex accumulation
• Ability to prioritise workload and communicate as appropriate
• A track record of successful team management
• Strong communication skills including the ability to make complex topics simple
• Focus on service provision
• Effective communicator, both written and oral at senior level
• Attention to detail and achieving high professional standard

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email [e-mail]

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