At a Glance
- Tasks: Assist in catastrophe risk management and perform data analysis for reinsurance evaluations.
- Company: Dynamic company located in the heart of London, focused on catastrophe analytics.
- Benefits: Competitive salary, professional development opportunities, and a collaborative work environment.
- Other info: Great opportunity for career growth in a supportive and innovative setting.
- Why this job: Join a team where your analytical skills can make a real difference in risk management.
- Qualifications: 3+ years experience with catastrophe models and a degree in a related field.
The predicted salary is between 45000 - 60000 £ per year.
UK - International
20 Fenchurch Street
5th Floor
London, EC3M3BY, GBR
This position is for a professional contributor in catastrophe risk management, who works under moderate supervision. The individual will assist other team members in gathering and preparing data for catastrophe analyses, by reviewing exposure data for accuracy, validity, and identifying abnormalities. The candidate will perform catastrophe risk analytics necessary for reinsurance evaluation under the guidance of senior team members. The position requires a self-starter who manages moderately complex analyses in partnership with internal and external teams to confidently communicate needs, findings, and recommendations. The candidate should have a willingness to continually develop skills in risk management and the (re)insurance industry.
Responsibilities
Key responsibilities will include, but not limited to:
- Work directly with underwriters to gather and prepare quarterly portfolio rolls up for catastrophe modeling. Assess the data quality to ensure the data used in the analysis is fit for purpose.
- Analyze changes in exposure and the associated impact of catastrophe model results. Discuss reasonableness of loss distribution results with underwriting team and senior management.
- Perform loss and accumulation analyses using vendor catastrophe modeling software, extract and transform outputs to calculate risk exposure and losses for reporting.
- Analyze how the distribution of results and relevant risk measures changes the application of various proposed reinsurance alternatives. Use vendor catastrophe modeling software to provide price indications for reinsurance alternative structures.
- Collaborate with junior team members in basic aspects of property (re)insurance and especially catastrophe modeling, including how to prepare data and interpreting insurance terms to catastrophe model.
- Incorporate data into spatial visualization tools to assist in monitoring aggregations and profitability analytics suited to company underwriting objectives and corporate portfolio objectives.
- Assist senior team members in preparing and formatting summaries, presentations, and reports into clear, concise deliverables of potential risk and loss results.
- Willingness to consciously strengthen relationships with internal and external partners. Take part in integration and coordination of how internal tools are developed and delivered.
- Perform ad hoc analytics for new business, catastrophe event response, rating agency and regulatory disclosures, data augmentation, and data quality scoring.
Qualifications
- Minimum of 3 years of experience working with commercial catastrophe model Verisk. Familiarity with Moody’s RMS, or KatRisk, a plus.
- Bachelor’s degree in mathematics, economics, engineering, and/or related natural science.
- Experience with Microsoft SQL, additional programming knowledge beneficial (e.g., Python or R) or experience working with Alteryx.
- Some knowledge of data warehousing (e.g., Snowflake).
- Geospatial analytical experience (i.e., GIS software) is beneficial.
- Proficient in using Microsoft technology (e.g., Office 365 apps).
- Fundamental knowledge in (re)insurance industry.
Catastrophe Analyst employer: Fortegra
Fortegra is an exceptional employer that fosters a dynamic and inclusive work culture in the heart of London. With a strong emphasis on employee growth, we offer comprehensive training and development opportunities, ensuring our team members thrive in their careers. Our commitment to innovation in the insurance sector, combined with competitive benefits and a collaborative environment, makes Fortegra a rewarding place to work for those seeking meaningful contributions in the field of claims adjustment.
StudySmarter Expert Advice🤫
We think this is how you could land Catastrophe Analyst
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Fortegra). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Fortegra. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Catastrophe Analyst
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Fortegra.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Fortegra. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Fortegra
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Fortegra to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Fortegra, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Fortegra's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
