At a Glance
- Tasks: Support the Exposure Management team in managing catastrophe risk and enhancing data analytics.
- Company: Join a leading reinsurance firm in London with a focus on innovation.
- Benefits: Enjoy competitive salary, 30 days leave, private health insurance, and learning budget.
- Other info: Collaborative environment with opportunities for continuous improvement and career growth.
- Why this job: Make a real impact in risk management while developing your analytical skills.
- Qualifications: 2-4 years experience with catastrophe models; strong analytical and communication skills.
The predicted salary is between 50000 - 60000 £ per year.
The Exposure Management (EM) function creates a competitive advantage through industry-leading Decision Making enabled by comprehensive data and cross-functional analytics.
You will be supporting the Convex Exposure Management (EM) team in the management of catastrophe risk, specifically with regards to reinsurance. Using the catastrophe vendor model, you will liaise regularly with the third-party modelling team, ensuring queries are answered, processes are followed and providing help and guidance where needed. You will ensure the integrity of the model output and work towards continual improvement of processes. Engaging actively with the Underwriters, you will bridge the gap between underwriting and the third-party modelling team, resulting in increased transparency of modelling and analytics.
Key Responsibilities
- Maintaining an excellent relationship with third-party modelling team, answering queries and providing ongoing guidance.
- Supporting the Reinsurance Lead to ensure accurate and timely completion of BAU tasks, focused on Property Reinsurance.
- Communication with the Underwriters on modelling queries and explanations, ensuring a high level of confidence.
- Maintaining the EM BAU workflow.
- Peer-reviewing third-party output, providing teaching and recommending improvement strategies where necessary.
- Getting involved with quarterly roll-ups, including checking outputs and explaining changes to UWs.
- Completing BAU tasks when required to ensure the timely turnaround of regular reporting.
- Completing ad-hoc analytics requests.
- Assist the EM team with ongoing projects, including collaboration projects with wider Analytics.
Skills Knowledge and Expertise
- 2-4 years experience using a third-party catastrophe model, ideally for reinsurance (though not essential).
- Highly analytical and a graduate in a scientific or numerate subject.
- A good grasp of the re/insurance market, re/insurance modelling complexities and catastrophe model methodology.
- Strong communication skills and a demonstrated ability to explain complex data and ideas.
- Team player and collaborative in nature.
- Efficient and organised worker with a mindset for continuous improvement.
- Proficient in SQL / R / Python or other coding languages.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance
- Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Exposure Management Analyst, Reinsurance employer: Convex Insurance
Contact Detail:
Convex Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Exposure Management Analyst, Reinsurance
✨Network Like a Pro
Get out there and connect with people in the reinsurance industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your analytical skills and experience with catastrophe models. We want to see how you can bridge the gap between underwriting and modelling, so come prepared with examples of your past work!
✨Ask Questions
During interviews or networking chats, don’t hesitate to ask questions about the company’s approach to exposure management. This shows your genuine interest and helps you understand how you can contribute to their goals. Plus, it gives you a chance to demonstrate your knowledge of the re/insurance market!
✨Apply Through Our Website
We encourage you to apply directly through our website for the best chance at landing the role. It’s a straightforward process, and we’re always on the lookout for passionate candidates who are ready to dive into the world of exposure management and reinsurance!
We think you need these skills to ace Exposure Management Analyst, Reinsurance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Exposure Management Analyst role. Highlight your experience with catastrophe models and any relevant analytical skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about reinsurance and how you can contribute to our team. Keep it concise but engaging – we love a good story!
Show Off Your Skills: Don’t forget to showcase your technical skills, especially in SQL, R, or Python. If you've worked on any projects that involved these tools, mention them! We’re looking for someone who can hit the ground running.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Convex Insurance
✨Know Your Catastrophe Models
Make sure you brush up on your knowledge of third-party catastrophe models, especially those used in reinsurance. Be ready to discuss how you've used these models in the past and how they can impact decision-making in exposure management.
✨Show Off Your Communication Skills
Since you'll be liaising with both the modelling team and underwriters, it's crucial to demonstrate your strong communication skills. Prepare examples of how you've effectively explained complex data or resolved queries in previous roles.
✨Highlight Your Analytical Mindset
As an Exposure Management Analyst, analytical skills are key. Bring specific examples of how you've tackled analytical challenges in the past, particularly in relation to property reinsurance or similar fields. This will show your potential employer that you're a problem-solver.
✨Emphasise Team Collaboration
This role requires a collaborative approach, so be prepared to discuss your experience working in teams. Share instances where you've successfully worked with others to improve processes or achieve common goals, especially in analytics or reinsurance contexts.