At a Glance
- Tasks: Join us as a Catastrophe Analyst, focusing on data analysis and client presentations.
- Company: BMS is a global independent broker, helping businesses thrive in a world of risk since 1980.
- Benefits: Enjoy a collaborative culture, opportunities for growth, and the chance to work with cutting-edge tools.
- Why this job: Be part of a dynamic team, drive innovation, and make a real impact in catastrophe analytics.
- Qualifications: Experience with catastrophe models and strong analytical skills are essential; coding knowledge is a plus.
- Other info: This role offers a unique opportunity to shape the future of catastrophe analytics at BMS.
The predicted salary is between 36000 - 60000 £ per year.
Position Title: Catastrophe Analyst
Reports to: UK Catastrophe Analytics Lead
Location: London
About BMS
BMS is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk. We are a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia with both a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.
About the role
This is an exciting time to join BMS Re as we grow the business in London and therefore build out the catastrophe analytics function. The role will work with the existing analytics teams (UK, International, Mumbai and US cat modelling functions as well as actuarial and data teams) to service broking teams and their clients across the UK, Bermuda and International functions. The UK and International team currently operate as one with a strong focus on collaboration, exploring new ideas and group ownership of both successes and challenges.
The role will focus on catastrophe analytics, utilising industry standard tools (Moody’s and Verisk platforms), building relationships and assessing non-standard vendors (e.g. Fathom, KCC) as well as using and supporting development of bespoke BMS tools and practice to support (re)insurance placements from across multiple lines of business. There will also be opportunities to be involved in data strategy to drive automation and efficiencies with the aim of moving catastrophe modelling analysts at BMS from producers to consumers of cat analytics.
Key Responsibilities:
- Data cleansing, manipulation and reporting, predominantly with a catastrophe modelling focus.
- Producing and analysing catastrophe modelling output.
- Presenting to clients and colleagues.
- Project work focused on developing bespoke catastrophe analytics solutions for clients.
- Engaging with various teams across the company regarding catastrophe analytics support.
- Aiding with RfP Presentations.
- Developing tools and processes to improve efficiency and analytical capability.
- Supporting market submissions.
- Supporting team development through L&D goals.
- Participation in strategic initiatives ranging from new insurance products to data solutions.
Skills and Capabilities Required:
- Experience of using at least 1 catastrophe model: RMS, AIR, KCC or Nasdaq for example.
- Numeracy and literacy skills.
- Proficient in Microsoft Office (e.g. PowerPoint, Excel).
- Data visualisation experience is beneficial (e.g. PowerBI, Qlik, Tableau).
- SQL knowledge required, additional coding knowledge beneficial (e.g. Python, R or experience of working with Alteryx).
- Geospatial analytical experience (i.e. GIS software) is beneficial.
- Relevant experience in the industry.
- Academic background in a relevant subject.
Functional & Behavioural Competencies Required:
The successful candidate will work across multiple teams and regions with a strong element of client facing. They are expected to be professional and personable at all times; to support and advocate for all aspects of the business and to recognise and build upon areas of development. The successful candidate will be quick to learn, comfortable and capable communicating with clients and internal stakeholders, creative in their thinking and problem solving and have keen attention to detail. The successful candidate will exhibit strong collaboration skills while also demonstrating the ability to work independently when needed. They will contribute to multiple team projects, offering insights and advice, and actively support colleagues. They will personally demonstrate the five BMS values and ensure that team members are aligned with these:
- Accountable
- Entrepreneurial
- Collaborative
- Empowering
- Disciplined
Catastrophe Analyst employer: BMS Group
Contact Detail:
BMS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Catastrophe Analyst
✨Tip Number 1
Familiarise yourself with the specific catastrophe models mentioned in the job description, such as RMS and AIR. Having hands-on experience or even a solid understanding of these tools will give you an edge during interviews.
✨Tip Number 2
Network with professionals in the catastrophe analytics field, especially those who work at BMS or similar companies. Attend industry events or webinars to make connections and learn more about the company culture and expectations.
✨Tip Number 3
Brush up on your data visualisation skills, particularly with tools like PowerBI or Tableau. Being able to present complex data in an understandable way is crucial for this role, and showcasing this skill can set you apart.
✨Tip Number 4
Prepare to discuss your collaborative experiences in previous roles. Since the position requires working across multiple teams, demonstrating your ability to work well with others and contribute to team success will be key in the interview process.
We think you need these skills to ace Catastrophe Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Catastrophe Analyst position. Familiarise yourself with the tools mentioned in the job description, such as RMS, AIR, and SQL.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job description. Emphasise your proficiency in catastrophe modelling, data analysis, and any relevant software tools you have used.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for catastrophe analytics and your understanding of BMS's mission. Mention specific experiences that demonstrate your ability to work collaboratively and your problem-solving skills.
Highlight Soft Skills: In your application, don't forget to mention your soft skills, such as communication, collaboration, and attention to detail. These are crucial for the role, especially since it involves client interaction and teamwork.
How to prepare for a job interview at BMS Group
✨Know Your Catastrophe Models
Make sure you have a solid understanding of at least one catastrophe model, such as RMS or AIR. Be prepared to discuss your experience with these tools and how you've used them in past roles.
✨Showcase Your Data Skills
Highlight your proficiency in data manipulation and reporting, especially in relation to catastrophe modelling. Be ready to provide examples of how you've used SQL or any data visualisation tools like PowerBI or Tableau in your previous work.
✨Demonstrate Collaboration
Since the role involves working across multiple teams, emphasise your ability to collaborate effectively. Share experiences where you've successfully worked with others to achieve a common goal, particularly in client-facing situations.
✨Prepare for Client Presentations
As presenting to clients is a key responsibility, practice your presentation skills. Think about how you can clearly communicate complex data insights and be ready to answer questions that may arise during discussions.