At a Glance
- Tasks: Manage and model Political Violence and Risk portfolios, producing insightful reports.
- Company: Join a collaborative and innovative insurance company that enables possibilities.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Dynamic role with opportunities for growth and innovation.
- Why this job: Solve complex problems and make a real impact in the insurance industry.
- Qualifications: 5+ years in insurance with strong analytical and communication skills.
The predicted salary is between 60000 - 80000 £ per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Role Summary and Purpose
This role is responsible for the management and modelling of the Political Violence and Political Risk Non-Natural Catastrophe portfolio, including Terrorism, War, and associated perils. This includes a direct Terrorism class of business and political violence exposures included in other portfolios.
- Produce monthly classes of business reports for the Terrorism class and assist with the monthly roll-ups for internal/external reporting.
- Underwriting requests for additional information.
- Developing and enhancing the analytics for this division.
- Ensuring the timely and accurate capture of data by our third-party outsourcer.
- Communicate with underwriters to ensure the smooth operation of Exposure Management reporting within the business, including presenting outputs, explaining movements, and seeking sign-off for internal and external reporting metrics.
- Making improvements to the data and analytics for Political Violence, communicating with stakeholders on key metrics and completeness of the portfolio, and driving forward the development of the Non-Natural Catastrophe Exposure Management framework within Arch.
- Ad hoc projects such as tool and model validation and process automation.
Key Tasks and Responsibilities
- Lead analyst for Political Violence and Political Risk reporting across key classes of business.
- Responsibility for managing all aspects of these portfolios for exposure management and catastrophe analytics purposes, with internal assistance and our outsourcer.
- Analysis of monthly variances and ensuring good data governance within Arch portfolios.
- Preparing data for key stakeholders including Group reporting and outwards reinsurance purchasing for multiple Arch entities.
- Internal and external reporting.
- Support during Event Response.
- Completing ad hoc requests from underwriters to assist with pricing and monitoring of risk.
- Ad hoc requests from the Catastrophe Managers and Head of Department.
Role Requirements & Skills
- Good understanding of Exposure Management and modelling.
- Strong understanding of Insurance gained in a relevant industry role.
- Practical knowledge of insurance policies.
- Experience within non-natural catastrophe classes advantageous, particularly Terrorism.
- Ability to communicate complex Exposure Management concepts to a non-technical audience.
- Proven organisational and workload management skills.
- Strong Problem-Solving skills and keen attention to detail.
- Excellent IT skills, including programming skills (eg. Excel, VBA and SQL).
- Analytical/technical mindset.
- Strong drive to develop Exposure Management practices and processes.
Qualifications/Experience
- 5+ years experience in Insurance.
- Experience working in a similar role, in a Lloyd’s syndicate or similar.
- Experience with Exposure Management approaches, including modelling and scenario calculation.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.
Senior Catastrophe Modelling Analyst in London employer: Arch Capital Group
At Arch, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. As a Senior Catastrophe Modelling Analyst, you will benefit from extensive professional development opportunities while working in a dynamic environment that values expertise and creativity. Our commitment to enabling possibility extends beyond our clients to our team, making Arch an exceptional place to build a rewarding career in the heart of the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Catastrophe Modelling Analyst in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Arch Capital Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Arch Capital Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Catastrophe Modelling Analyst in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Arch Capital Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Arch Capital Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Arch Capital Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Arch Capital Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Arch Capital Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Arch Capital Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
