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This career opportunity is available at Santam Syndicate 1918 for the Head of Exposure Management, who will be based in the UK and must have the right to work there.
WHAT WILL YOU DO?
Lead the identification, aggregation, modelling, pricing, and reporting of natural and man-made risk accumulations across Lloyd’s, ensuring robust control, regulatory compliance, and strategic value across all product lines.
WHAT WILL MAKE YOU SUCCESSFUL IN THE ROLE?
Key responsibilities:
Leadership & Oversight:
* Own and lead the syndicate’s exposure management strategy, systems, and framework.
* Manage a multi-disciplinary team of exposure analysts and catastrophe modellers.
* Act as the subject matter expert on exposure and accumulation risk across all lines.
* Provide real-time exposure reporting and analytics to underwriters and management.
* Support class planning, portfolio optimisation, reinsurance structuring, and business steering through scenario analysis and capacity deployment advice.
* Develop dashboards and tools to visualize accumulation metrics, PMLs, and RDS impacts.
* Oversee vendor model selection and risk calibration using Santam's view.
* Ensure model validation and documentation are rigorous.
* Own data quality, coding standards, and mapping processes for all modelling inputs.
* Extend understanding of man-made exposures, including Cyber risk.
Regulatory & Lloyd’s Returns:
o Manage relationships with Lloyds Exposure Management team.
o Collaborate with Asta and Group to produce and submit regulatory filings.
o Maintain governance documentation, including the Exposure Management Framework and data dictionaries.
o Work with Risk teams to set and monitor risk appetite thresholds.
o Coordinate with capital actuaries to link exposure metrics with ECA drivers.
o Support ORSA, internal model validation, and stress testing with exposure scenarios.
o Provide technical expertise for other group initiatives.
Stakeholder Collaboration:
o Work with London underwriters, actuarial, and risk teams to assess and monitor accumulations.
o Engage with Group Risk and Reinsurance Teams, Asta, and Lloyd’s.
QUALIFICATIONS AND EXPERIENCE:
o Degree in Natural Hazard Modelling, Actuarial Science, Risk, or related field.
o Certifications in modelling tools preferred.
o At least 7 years in exposure management or catastrophe modelling.
o Experience in insurance and regulatory reporting; Lloyd’s experience preferred.
KNOWLEDGE AND SKILLS:
o Judgment and decision-making skills.
o Advanced numeracy.
o Strong business writing and presentation skills.
o Technical coaching and training abilities.
o Expertise in analytics and modelling.
o Excellent communication and stakeholder engagement skills.
o Project and data management capabilities.
o Strategic risk insight.
o Proficiency with RMS/AIR and SQL.
PERSONAL ATTRIBUTES:
o Results-driven.
o Proactive, analytical, and detail-oriented.
o Leadership and supervisory skills.
o Client-focused.
o Flexible and adaptable.
o Strategic decision-making.
o Analytical thinking.
o Strong business acumen.
WHO WE ARE:
Santam Syndicate 1918 is a new, wholly owned entity of Santam Insurance, South Africa’s largest insurer with a 107-year heritage. 1918 aims to expand Santam’s international footprint through access to London market talent, distribution networks, and Lloyd’s licenses.
Our syndicate is managed in London, with a focus on underwriting discipline and empowering our teams. We foster collaboration among underwriting, claims, actuarial, and other functions to achieve superior results.
At Santam Group, we are committed to transformation and diversity, striving to create an inclusive workplace.
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