At a Glance
- Tasks: Analyze catastrophe risks and support underwriting teams with data-driven insights.
- Company: Join Starr Insurance, a global leader in insurance and investment since 1919.
- Benefits: Enjoy first-class training, inclusive culture, and opportunities for growth.
- Why this job: Be part of a fast-growing organization making an impact across 128 countries.
- Qualifications: 3 years of experience in Lloyd’s/London Market; advanced analytical skills required.
- Other info: Starr values diversity and is committed to creating an inclusive workplace.
The predicted salary is between 36000 - 60000 £ per year.
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Roles and Responsibilities
- Ownership of LCM & terror regulatory returns and CAT event response process.
- Assist in producing RDS and RDL returns.
- Respond to ad-hoc requests from Underwriters with respect to the impact of individual accounts on the Company’s risk appetite and perform marginal impact analysis.
- Provide feedback to underwriting teams on the quality of analysis to include the accuracy and completeness of data entry into the catastrophe model, pricing assumptions and reliability of the model.
- Assist in developing Starr’s knowledge of catastrophe risks and potential catastrophe and large loss aggregations.
- Develop technical expertise in using RMS, Sequel Impact, Power BI and be able to model reinsurance to provide gross and net perspectives.
- Assist in producing the Exposure Management section of the ORSA dashboard and Board report.
- Provide RMS output to the capital modelling team and help with model parameterisation.
- Provide support to the wider Actuarial team in the development of current capital modelling capability to meet use test demands of Solvency II and the global capital modelling requirements of the Starr Group.
- Assist in research into non-modelled risks and how Starr can develop appropriate tools to capture the risk in Exposure Management reports and the internal model.
- Delivery of Solvency II deadlines to Lloyd’s.
- Accuracy of timely information – Management Information, CAT Modelling, Loss Tables and SCR.
- Production of quarterly ORSA submissions and management information to the Board against deadlines set.
- Support business critical projects by providing accurate analysis of potential business opportunities including development of new lines of business and geographical expansions.
- Development of tools to support the underwriting function, improve Exposure Management MI and processes.
- Validation of catastrophe models and model updates.
Experience
- 3 years’ relevant experience within Lloyd’s/London Market.
Skills
- Analytical and problem solving skills;
- Negotiation, judgment and decision making ability;
- Advanced numeracy.
Systems & I.T
- MS Office – Excel (Advanced), Word and Outlook;
- RMS;
- SQL (Advanced);
- Statutory Reporting Tools;
- Python/R;
- GIS;
- Power BI;
- VBA.
Starr is an equal opportunity employer, which means we’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
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Exposure Management Analyst employer: Starr Underwriting Agents Ltd
Contact Detail:
Starr Underwriting Agents Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Exposure Management Analyst
✨Tip Number 1
Familiarize yourself with the specific tools mentioned in the job description, such as RMS, Power BI, and SQL. Having hands-on experience or relevant projects to discuss can set you apart during the interview.
✨Tip Number 2
Understand the regulatory environment of the Lloyd’s/London Market. Being able to discuss recent changes or challenges in this area will demonstrate your commitment and knowledge to the role.
✨Tip Number 3
Prepare to showcase your analytical and problem-solving skills through real-world examples. Think of situations where you've successfully navigated complex data or made impactful decisions.
✨Tip Number 4
Network with professionals in the insurance and exposure management fields. Engaging with industry experts can provide insights and potentially lead to referrals that enhance your application.
We think you need these skills to ace Exposure Management Analyst
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Exposure Management Analyst position. Highlight key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to emphasize relevant experience in the Lloyd’s/London Market, particularly focusing on analytical skills, catastrophe modeling, and any specific software mentioned like RMS or Power BI.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also demonstrates your understanding of Starr Insurance Companies and their commitment to inclusivity and talent development.
Highlight Technical Skills: In your application, be sure to showcase your technical expertise in tools such as SQL, Python/R, and advanced Excel. Provide examples of how you've used these skills in previous roles to solve problems or improve processes.
How to prepare for a job interview at Starr Underwriting Agents Ltd
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the key responsibilities of an Exposure Management Analyst. Familiarize yourself with concepts like LCM, CAT event response, and the importance of accurate data entry in catastrophe models.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples from your past experience where you've demonstrated strong analytical and problem-solving skills. Be ready to explain how you approached complex data analysis and the impact it had on decision-making.
✨Familiarize Yourself with Relevant Tools
Since the role requires proficiency in tools like RMS, Power BI, and SQL, make sure you can discuss your experience with these systems. If possible, prepare to share insights on how you've used them in previous roles to enhance exposure management.
✨Prepare for Technical Questions
Expect technical questions related to catastrophe modeling and risk assessment. Brush up on your knowledge of Solvency II requirements and be prepared to discuss how you would approach model validation and parameterization.