At a Glance
- Tasks: Support risk management by validating internal models and preparing regulatory reports.
- Company: Join a rapidly growing Lloyd's Syndicate with a focus on innovation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Make a real impact in insurance risk management while developing your career.
- Qualifications: Experience in insurance risk management or actuarial fields; part-qualified actuary preferred.
- Other info: Collaborative culture with opportunities for growth and relationship building.
The predicted salary is between 36000 - 60000 £ per year.
Edenbrook are partnering with a rapidly growing Lloyd's Syndicate on a Senior Insurance Risk Analyst.
Key Responsibilities
- Support the Head of Insurance Risk with the periodic validation of internal models.
- Execute validation activities, including planning and scoping, conducting validation tests, and maintaining the validation findings log.
- Prepare Board and regulatory validation reports, as well as papers for relevant committees.
- Assist the Head of Insurance Risk and Chief Actuary in producing and submitting annual Actuarial Function Opinions and Regulatory Reports on Technical Provisions, Underwriting Policy, Reinsurance Arrangements, and Risk Management, in line with Solvency II and Lloyd’s requirements.
- Contribute to the production of the Own Risk and Solvency Assessment (ORSA) Report.
- Support the development and completion of stress and scenario testing, including forward-looking planning within the ORSA.
- Assist with risk assessments and deep dives for key insurance risks, including the annual business plan review and underwriting risk assessments.
- Support the maintenance of the Risk Register and related Risk Management Framework documentation.
- Liaise with business areas to support and maintain effective relationships and organisational efficiency.
The Ideal Candidate
- Experience in insurance risk management, actuarial, or capital modelling disciplines.
- Part-qualified actuary (completion of Core Principles exams preferred) or equivalent relevant professional qualification (e.g. CII).
- Strong analytical, problem-solving, and decision-making skills with excellent attention to detail.
- Effective written and verbal communication skills.
- Enthusiastic and proactive, with strong relationship-building and stakeholder management abilities.
- Strong planning, organisation, and commercial awareness.
Seniority Level: Associate
Employment Type: Full-time
Job Function: Legal and General Business
Industries: Insurance
Senior Insurance Risk Analyst in England employer: Edenbrook
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Insurance Risk Analyst in England
✨Tip Number 1
Network like a pro! Reach out to professionals in the insurance risk management field on LinkedIn. A friendly message can go a long way, and you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss internal models, validation activities, and regulatory requirements confidently. We want you to shine when it comes to those tricky questions!
✨Tip Number 3
Show off your analytical skills! Bring examples of how you've tackled complex problems in past roles. This will demonstrate your decision-making abilities and attention to detail, which are key for a Senior Insurance Risk Analyst.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to connect with us directly.
We think you need these skills to ace Senior Insurance Risk Analyst in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Insurance Risk Analyst role. Highlight your experience in insurance risk management and any relevant qualifications, like being a part-qualified actuary. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your analytical skills and attention to detail, as these are key for us.
Showcase Your Communication Skills: Since effective communication is crucial for this position, make sure your application reflects your written communication skills. Keep it clear, concise, and professional. We love a well-structured application that’s easy to read!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It helps us keep track of applications and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Edenbrook
✨Know Your Numbers
As a Senior Insurance Risk Analyst, you'll need to demonstrate your analytical skills. Brush up on key metrics and models relevant to insurance risk management. Be ready to discuss how you've applied these in past roles or projects.
✨Prepare for Technical Questions
Expect questions about Solvency II, ORSA reports, and validation processes. Familiarise yourself with the latest regulations and be prepared to explain how you would approach validation activities and stress testing scenarios.
✨Showcase Your Communication Skills
Effective communication is crucial in this role. Practice explaining complex concepts in simple terms. You might be asked to present findings or reports, so think about how you can convey your insights clearly and confidently.
✨Build Rapport with Stakeholders
Relationship-building is key in this position. Think of examples where you've successfully collaborated with different teams or stakeholders. Be ready to discuss how you maintain effective relationships and contribute to organisational efficiency.