At a Glance
- Tasks: Lead a team to enhance risk modelling and deliver accurate reporting for insurance.
- Company: Join Ki, the fastest growing algorithmic insurance carrier in Lloyd's of London.
- Benefits: Competitive salary, recognition for efforts, and continuous professional development.
- Other info: Collaborative environment with opportunities for personal growth and exciting challenges.
- Why this job: Be part of a revolutionary team transforming the insurance industry with cutting-edge technology.
- Qualifications: Strong understanding of non-natural classes and excellent analytical skills required.
The predicted salary is between 66150 - 80850 £ per year.
Who are we? Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers' legs. Ki's mission is simple: digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning, and large language models to give insurance brokers quotes in seconds, rather than days. Ki is proudly the biggest global algorithmic insurance carrier and the fastest growing syndicate in the Lloyd's of London market, being the first ever to make $100m in profit in 3 years. Ki's teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status quo and help it reach new horizons.
Where you come in? As our Manager for Non-Natural Catastrophe Modelling, you'll lead our team to provide our underwriters with a fast, consistent, and accurate service that aligns with our risk aggregation strategy. By ensuring we have complete and accurate exposure data and modelled loss information, you'll empower us to deliver high-quality reporting to key stakeholders and meet our regulatory requirements. Your work will directly enhance our understanding of our risk profile, allowing us to deploy aggregate efficiently and capture exciting new market opportunities. You'll spearhead the development and implementation of best-practice modelling processes, tools, and analytical reporting, aligning these functions across our different lines of business. In this role, you'll lead daily operations and build strong, collaborative relationships with our outsourced partners and wider risk aggregation teams to deliver outstanding results. You'll also lead and support our Non-Natural Catastrophe Analyst and manage risk aggregation activity for all non-natural classes.
What you will be doing:
- Collaborate with risk aggregation team members and other key functions (capital modelling, actuarial, and ERM) to ensure modelling processes and assumptions align closely, operate effectively, and meet regulatory standards.
- Deliver highly accurate and timely pricing, rollup, analytics, management information, and reporting to relevant stakeholders, including underwriting and ORI placement teams.
- Manage the quality of exposure data and direct the production of data from Ki's processing teams.
- Provide subject matter expertise to support wider risk aggregation projects and key deliverables, such as the Ki view of risk and ORI.
- Build and maintain strong, collaborative relationships with all internal and external stakeholders, including model vendors and brokers.
- Support and assist other members of the Risk Aggregation team as needed to achieve mutual success.
- Work cross-functionally to support product development and continuously advance Ki's view of risk across diverse classes of business and product offerings.
- Collaborate across teams to support the identification and delivery of new revenue opportunities.
Requirements:
- Strong technical understanding of non-natural classes (cyber, political risk, contingency) and (re)insurance industry concepts.
- Good comprehension of actuarial concepts is desirable.
- Advanced IT and technical skills, particularly in MS Excel, VBA, and SQL; knowledge of other programming languages is a plus.
- Strong ability to collaborate with third-party relationships and outsourced partners to deliver high-quality results.
- Effective people leadership skills, with the ability to lead, train, and coach a modelling team (experience managing overseas teams is highly desirable).
- Strong project management skills to coordinate multiple modelling and risk aggregation initiatives.
- Exceptional analytical and numeracy skills.
- Ability to prioritize tasks, manage workloads effectively, and deliver results within agreed timeframes.
- Commitment to continuous personal and professional development.
Benefits:
You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.
What to expect during the recruitment process:
- Initial recruiter screening call.
- Interview with hiring manager.
- Technical Interview (this may vary depending on the role).
- Values Interview.
Manager - Non-Natural Catastrophe Modelling employer: Ki
Ki in London is an exceptional employer that fosters a collaborative work culture, where employees are encouraged to innovate and grow. With a focus on professional development, you will have access to numerous training opportunities and the chance to work alongside industry experts in a dynamic environment. The company's commitment to regulatory excellence and its strategic location in London make it an attractive place for those seeking meaningful and rewarding careers in capital modelling.
StudySmarter Expert Advice🤫
We think this is how you could land Manager - Non-Natural Catastrophe Modelling
✨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 Ki). 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 Ki. 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 Manager - Non-Natural Catastrophe Modelling
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 Ki.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Ki. 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 Ki
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Ki 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 Ki, 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 Ki'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.