Property Exposure Management Analyst

Property Exposure Management Analyst

Full-Time 50000 - 70000 £ / year (est.) No working from home possible
IQUW Property Insurance

At a Glance

  • Tasks: Support the Exposure Management Team with analytics on Natural Catastrophe portfolios.
  • Company: Join Starr, a rapidly growing global insurance and investment organisation.
  • Benefits: First-class training, inclusive environment, and opportunities for career growth.
  • Other info: Dynamic role with a focus on innovation and problem-solving.
  • Why this job: Make an impact in risk management and work with cutting-edge analytics.
  • Qualifications: Experience in catastrophe modelling and strong analytical skills required.

The predicted salary is between 50000 - 70000 £ per year.

Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

The role supports the Exposure Management Team in developing best‑in‑class analytics on our Natural Catastrophe portfolio, supporting underwriting teams to make efficient use of their available capital. This will suit an analytically minded individual with an interest in catastrophe modelling, coding and data visualisation. It is a unique opportunity to work in a rapidly evolving and fast‑growing environment, where exposure risk management and analytics are at the core of our business. We are looking for an individual that will bring a strong level of expertise and contribute to the development of robust and innovative analytics in order to drive Starr to achieve a highly profitable and optimised portfolio.

Key Responsibilities

  • Delivering complete and accurate portfolio roll‑ups for Lloyd’s and International entities as well as providing data for Starr Group roll‑up.
  • Ensuring Property catastrophe exposure is well understood, measured, and clearly communicated across the business.
  • Key point of contact for Property underwriters, providing feedback on the accuracy and completeness of catastrophe model data entry, pricing assumptions, and model reliability.
  • Support the delivery of internal, and external regulatory reporting, ensuring submission requirements and deadlines are met.
  • Aid in the design of systems and processes to support management and monitoring of the Group’s aggregate catastrophe exposures.
  • Support the Outwards Reinsurance team with data submissions.
  • Follow the Starr event response process, by assisting the business in responding to events and estimating potential losses.

The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.

Qualifications, skills and experience

  • Previous experience working in catastrophe modelling, of Property classes of business.
  • Strong analytical, quantitative, problem‑solving, and critical thinking skills.
  • In depth knowledge of how catastrophe models work, their strengths and weaknesses, and how to draw maximum value from their results – experience in RMS essential, AIR highly desirable.
  • Programming skills and experience with tools to manipulate large data sets, preferably Python and SQL, with a willingness/experience of using AI for coding.
  • Experience working with outwards reinsurance structures and how portfolio recoveries should be allocated back to source business units.
  • Knowledge of Insurance, and understanding of Lloyd’s, PRA and Solvency II requirements.

Core behavioural competencies

  • Analysis and decision making.
  • Innovation and problem solving.
  • Performance focus.
  • Resilience and adaptability.

Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

Property Exposure Management Analyst employer: IQUW Property Insurance

Starr is an exceptional employer that fosters a dynamic and inclusive work culture, providing employees with first-class training and development opportunities to enhance their skills in the rapidly evolving field of property exposure management. With a commitment to innovation and excellence, associates are empowered to contribute to meaningful analytics that drive the company's success while enjoying the benefits of working in a global organisation that values diversity and merit-based growth.

IQUW Property Insurance

Contact Details:

IQUW Property Insurance Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Property Exposure Management 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.

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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 IQUW Property Insurance. 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 Property Exposure Management Analyst

Catastrophe Modelling
Analytical Skills
Quantitative Skills
Problem-Solving Skills
Critical Thinking
RMS
AIR

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 IQUW Property Insurance.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at IQUW Property Insurance. 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 IQUW Property Insurance

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at IQUW Property Insurance 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 IQUW Property Insurance, 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 IQUW Property Insurance'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.