Parametric Underwriter (London)
Full Time (100%) / London
Overview
Join our Underwriting team as a Parametric Underwriter and help shape the future of climate and natural catastrophe risk transfer. In this role, you will support the underwriting, structuring, pricing and execution of parametric insurance and reinsurance transactions globally, working closely with Business Development, Risk Modelling, R&D, Climate Resilience Solutions, Finance and Legal teams.
You Are
You are a quantitatively minded underwriter/structurer rather than a traditional market-facing underwriter. You enjoy working with data, models and uncertainty while also collaborating effectively across technical and commercial teams. You bring strong business acumen, intellectual curiosity and a desire to help build both a portfolio and an underwriting platform that can scale sustainably over time.
Your Responsibilities
- Lead the qualitative and quantitative assessment, pricing and underwriting of parametric insurance and reinsurance transactions of our pipeline, complying with our partners requirements.
- Structure, design and evaluate parametric triggers and payout mechanisms suitable for the client’s needs, including basis risk reduction.
- Analyse catastrophe model outputs, climate datasets, hazard information and exposure data with support to R&D and open to contribute to product development.
Support the team to develop a diversified and sustainable portfolio of parametric risks by assessment transaction impact and contribution to the portfolio, accumulation management and capacity deployment. - Contribute to underwriting guidelines, risk appetite frameworks and portfolio management processes.
- Lead/Support the development of side projects contributing to further robustness, efficiency and transparency of the underwriting work, such as underwriting tools, pricing frameworks, accumulation monitoring tools and claims monitoring capabilities.
- Being accountable and collaborate closely with Business Development, R&D, Climate Resilience Solutions, Finance and Legal teams for the execution from A to Z of new transactions, as well as in force monitoring transactions.
- Act as a key technical stakeholder across the organization, ensuring effective coordination between teams.
You Have
- 3 - 5 years of experience in underwriting in the related NatCat, weather and Agri field.
- Fluency in English; additional languages are an advantage.
- A UK work permit.
- Strong technical understanding of weather/catastrophe risk assessment and risk transfer structures.
- Strong analytic background: actuarial pricing, climate risk analytics ie experience analysing weather data and catastrophe model outputs,
- Experience contributing to portfolio management, accumulation assessment or underwriting strategy.
- Interest in developing underwriting tools, analytical frameworks and operational processes.
- Strong communication and stakeholder management skills, including client/broker facing situations.
- Strong Programming capability in Python, R, SQL and Familiarity with geospatial analytics tools is advantageous
- Familiarity with REST API and macOS nice to have
- Experience with Agentic AI and PowerBI is a plus.
We Offer
- Bonus potential + ESOP potential
- Privat healthcare & pension scheme
- Hybrid working model considered
- 25 days annual leave, plus official bank holidays
- Career development and training budget
The Underwriting Team
The Underwriting team is responsible for the assessment, structuring, pricing and portfolio management of parametric climate and natural catastrophe risks globally through our different investment vehicles (Natural Disaster Fund, Corporate MGAs) and their varied mandates and risk appetite. Working closely with the Business Development and R&D teams, the Underwriting function ensures innovative risk transfer solutions are commercially attractive, technically robust and aligned with portfolio objectives of our partners.
The position is based in London (Lloyds Building), with international travel for business development, client management, partner meetings, and conferences.
About Celsius Pro Group
We are the Celsius Pro Group, dedicated to helping both private and public organisations to understand and mitigate the financial impact of climate and NatCat risks. As the challenges posed by climate change intensify, our mission is to bring parametric insurance from the fringes to centre stage.
With Global Parametrics, we expand our disaster risk management response capabilities by incorporating the risk capacity of the Natural Disaster Fund (NDF), a public-private partnership with capital committed by UK and German government agencies and backed by Hannover Re.
Through CelsiusPro, an award-winning Insurtech, we develop cutting-edge technology for managing parametric insurance. We collaborate with public and private sector clients in designing and structuring tailored parametric solutions combining risk management, data science, and risk modelling.
Our corporate culture thrives on core values of simplicity, sincerity, courage, and tenacity. We invite you to join us on this journey.
We are an equal opportunity employer and value diversity at our company. We offer a dynamic and international working environment linking climate change risks, index insurance, and reinsurance. CelsiusPro consists of a data-driven, pragmatic, motivated, and talented team.
driven, pragmatic, motivated, and talented team.
Parametric Underwriter in London employer: CelsiusPro Group
Celsius Pro Group is an exceptional employer, offering a dynamic and international working environment in the heart of London. With a strong focus on employee growth, we provide comprehensive career development opportunities, a hybrid working model, and a competitive benefits package including private healthcare and a pension scheme. Our culture is built on core values of simplicity, sincerity, courage, and tenacity, fostering collaboration and innovation as we tackle the pressing challenges of climate change together.
