At a Glance
- Tasks: Join us to develop climate risk models and underwrite innovative parametric insurance policies.
- Company: Descartes, a leader in parametric insurance and climate risk management.
- Benefits: Competitive salary, bonuses, ongoing training, and a collaborative work environment.
- Other info: Be part of a diverse team dedicated to resilience in a world at risk.
- Why this job: Make a real impact in the insurance industry while tackling climate challenges.
- Qualifications: Degree in maths, data science or related; 4+ years experience in data science.
The predicted salary is between 60000 - 80000 £ per year.
Join Descartes and contribute to our mission: Building Resilience in a World at Risk. Descartes is a corporate insurance group for worldwide companies and institutions. At the forefront of AI and Data analysis, Descartes utilises cutting-edge technology combined with a new generation of data sources, to model, assess and manage risks.
ABOUT YOU
Descartes Underwriting is seeking a Senior Underwriter/Data Scientist (Parametric Insurance) to join the Underwriting Team based in London. Reporting to the Underwriting Manager & Director of Descartes UK, you will be a key contributor to the development and deployment of climate risk models for the pricing, underwriting and monitoring of weather-related parametric policies for corporates and public entities. Your key missions will include:
- Collaborate with the business team and brokers to understand client needs and risk transfer challenges to successfully underwrite new business and renew accounts;
- Conduct thorough analyses for product design and coverage structuring in order to meet the needs and expectations of the clients;
- Improve and develop pricing models in order to model the risk, underwrite policies for corporates and public entities, and monitor the portfolio performance and accumulation;
- Contribute to insurance proposal and underwriting documentation in order to finalise policies for corporate clients and public entities worldwide;
- Operate in the London market, leading discussions and projects with brokers and partners;
- Collaborate with various divisions of Descartes in order to sustain the growth of the portfolio (e.g. R&D teams, Legal, Operations, Risk Management);
- Technical & Business Leadership: help both the underwriting strategy and the review of the work conducted by Underwriting Data Scientists, providing guidance on technical modeling matters & business requirements.
EXPERIENCE & QUALIFICATIONS
- Graduated from a leading academic institution with a degree in mathematics, statistics, data science, physics or related;
- 4 years of significant experience minimum (post graduation) in data science or related;
- As a plus: track record of experience in leading a (small) team and managing business projects;
- As a plus: prior experience in structuring, pricing & underwriting parametric insurance covers for climate risks.
SKILLS
- Proficiency in Python (e.g. pandas, scikit-learn);
- Strong background in statistics and mathematics, showing clear understanding of probabilities;
- Eye for quality, autonomous and attention to detail;
- Fluency in English (written and verbal communication) is required;
- Good level of one additional language (e.g. Chinese, French, Italian, German, Spanish…) is a plus.
MINDSET
- Interested in insurance industry and climate risks modeling;
- Strong team spirit;
- Ability to work under pressure;
- Eagerness to solve complex problems and technical challenges;
- Rigorous, creative and meticulous mind;
- Strong desire to learn and acquire responsibility;
- Results oriented with the ability to work in a fast-paced and multi-cultural environment.
WHY JOIN DESCARTES UNDERWRITING?
- Opportunity to work and learn with teams from the most prestigious schools and research labs in the world, allowing you to progress towards technical excellence;
- Commitment from Descartes to its staff of continued learning and development (e.g. annual seminars, training etc.);
- Work in a collaborative & professional environment with great team spirit;
- Be part of a dynamic and diverse international team;
- Join a company with a clear and true purpose: help our clients be more resilient in face of climate risks;
- A competitive salary, bonus and benefits.
At Descartes Underwriting, we value diversity whatever it may be. We are committed to fighting against all forms of discrimination and for equal opportunities. We foster an inclusive work environment that respects all differences. With equal skills, all our positions are open to people with disabilities.
RECRUITMENT PROCESS
- Step 1: HR Interview with our Talent Recruiter
- Step 2: In person or remote manager interview (if necessary)
- Step 3: Technical online test on Github
- Step 4: In person or remote tech interview
- Step 5: In person team interview to meet our team and discover our offices
Senior Underwriter/Data Scientist - London employer: Descartes Underwriting
Descartes is an exceptional employer, offering a unique opportunity to work at the intersection of insurance and climate risk in the vibrant city of London. With a commitment to employee growth through continuous learning and development, Descartes fosters a collaborative and inclusive work culture that values diversity and innovation. Join a dynamic team of experts dedicated to making a meaningful impact in the world of parametric insurance, while enjoying competitive compensation and benefits.
