At a Glance
- Tasks: Ensure accurate risk modelling and reporting for underwriters and stakeholders.
- Company: Join a leading firm in the insurance industry with a focus on innovation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative team environment with mentorship opportunities for career advancement.
- Why this job: Make a real impact on risk management and develop your analytical skills.
- Qualifications: Experience in data analysis and strong communication skills required.
The predicted salary is between 60000 - 80000 £ per year.
Purpose of the Job: To ensure that the team provides underwriters with a fast, consistent and accurate service in line with risk aggregation strategy agreed with the CRO. To ensure complete and accurate exposure data and modelled loss information, in line with risk aggregation strategy, is available to provide internal and external stakeholders with appropriate reporting within agreed timeframes to enable compliance with internal and regulatory requirements. To ensure business understanding of its risk profile in order to achieve an efficient deployment of aggregate. To continuously strive to develop, streamline and implement best practice processes, tools and analytical reporting for the risk aggregation function whilst aligning processes across classes of business and different uses of modelling (e.g. ORI and Pricing). To manage the daily workload, relationship and output of the outsourced business partner in respect of relevant modelling and data entry.
Principal Accountabilities:
- To work with the risk aggregation team members and other relevant functions (capital modelling, actuarial and ERM) to ensure that modelling processes and assumptions are closely aligned, operate as intended and meet all regulatory requirements.
- To provide the relevant pricing, rollup, analytics, management information and reporting to the relevant stakeholders (e.g. underwriting and ORI placement teams) with a high degree of accuracy and timeliness.
- To manage the quality of exposure data and the production of data from Brit’s processing teams.
- To provide the relevant subject matter expert input into wider risk aggregation projects and deliverables (e.g. Brit view of risk and ORI).
- To train and develop junior team members including completing all performance reviews by the relevant deadlines seeking input from the team’s stakeholders.
- To interact with and maintain good relationships with all internal and external stakeholders (e.g. model vendor and brokers).
- To assist the other members of the Risk Aggregation team where necessary.
Senior Analyst (Catastrophe Modelling) employer: Brit
As a Senior Analyst in Catastrophe Modelling, you will thrive in a dynamic and supportive work environment that prioritises accuracy and efficiency in risk aggregation. Our company fosters a culture of continuous improvement and professional development, offering ample opportunities for growth and collaboration with talented colleagues across various functions. Located in a vibrant area, we provide a unique blend of competitive benefits and a commitment to employee well-being, making us an exceptional employer for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Analyst (Catastrophe Modelling)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Brit. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Analyst (Catastrophe Modelling)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Brit.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Brit's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Brit
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Brit.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Brit will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Brit employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
