At a Glance
- Tasks: Support the Exposure Management team in analysing and modelling insurance portfolio risk.
- Company: Reputable insurance company with a focus on innovation and collaboration.
- Benefits: Structured training, career development, and exposure to industry professionals.
- Other info: Dynamic team environment with opportunities for growth and learning.
- Why this job: Kickstart your career in insurance analytics and make a real impact in risk management.
- Qualifications: Degree in a relevant field and strong analytical skills required.
The predicted salary is between 28000 - 35000 £ per year.
A well-known insurance company is seeking an Assistant Catastrophe Analyst to join its Exposure Management team in London. This is an excellent opportunity for a recent graduate or early-career analyst looking to build a career within insurance, catastrophe modelling, risk analytics, or exposure management. Full training and support will be provided, making this an ideal role for candidates with strong analytical skills and a genuine interest in risk and data-driven decision-making.
The Role
As an Assistant Catastrophe Analyst, you will support the Exposure Management team in analysing, modelling, and maintaining exposure data used to assess insurance portfolio risk. You will work closely with Underwriters and other business stakeholders to provide valuable insights that support underwriting decisions, portfolio optimisation, regulatory reporting, and risk management activities. This role offers the chance to gain hands-on experience with catastrophe modelling tools, portfolio analytics, and insurance risk management within a collaborative and fast-paced environment.
Key Responsibilities
- Support Underwriters with exposure analysis, aggregation services, and portfolio reporting.
- Use catastrophe modelling and aggregation tools to help assess potential losses and risk exposures.
- Maintain and update policy and exposure data within modelling systems.
- Monitor, maintain, and improve the quality and integrity of exposure information.
- Work closely with offshore teams to resolve data and modelling queries.
- Assist with exposure management projects and continuous improvement initiatives.
- Produce analytical outputs for internal reporting, capital modelling, reinsurance requirements, and regulatory submissions.
- Support post-event loss analysis and portfolio roll-up processes.
- Contribute to the delivery of management information and business reporting.
About the Team
The Exposure Management team plays a critical role in supporting underwriting and risk management activities across the business. The team provides catastrophe modelling, portfolio analytics, exposure reporting, and risk insights that help drive informed business decisions and support regulatory obligations.
Skills & Experience
Essential
- Degree (or equivalent) in Mathematics, Geography, Economics, Finance, Natural Sciences, Engineering, Physics, Statistics, or a related discipline.
- Strong analytical and problem-solving skills.
- Good Microsoft Excel skills, including data manipulation and Pivot Tables.
- Ability to work accurately with large datasets.
- Strong communication and stakeholder management skills.
- Ability to manage multiple priorities and work effectively in a fast-paced environment.
- High attention to detail and a proactive approach to learning.
Desirable
- Understanding of insurance or reinsurance concepts.
- Experience using catastrophe modelling or aggregation tools.
- Knowledge of SQL, R, VBA, Python, or other analytical programming languages.
- Experience with data visualisation tools such as Power BI or Tableau.
- Experience working with offshore teams or global stakeholders.
What’s on Offer?
- Entry into the London Insurance Market.
- Exposure to catastrophe modelling, underwriting, and risk management.
- Structured training and career development opportunities.
- The opportunity to work with experienced industry professionals.
- A collaborative environment that supports learning and progression.
This is an excellent opportunity for a highly analytical individual looking to launch a long-term career within insurance analytics, catastrophe modelling, and exposure management.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Analyst in City of London
✨Dive into Insurance Networking Events
Get your foot in the door by attending local insurance networking events or job fairs. These gatherings are perfect for us to meet potential employers in a casual setting, and you might just find a great connection to help land that entry-level role!
✨Join Online Insurance Communities
Hop onto platforms like LinkedIn or specialised forums centred on insurance. Engage with discussions, ask questions, and showcase your eagerness to break into the industry. This visibility can make you stand out to hiring managers scouring these spaces for fresh talent.
✨Leverage University Resources
If you're fresh out of uni, make sure to utilise your university’s career services. They can connect us with companies looking for entry-level candidates, often before jobs are even advertised. Keep an eye on internship opportunities, as they can lead to full-time positions down the line!
✨Apply Directly Through Us!
Don't forget to check our website for any entry-level openings at Lorien! Applying directly can give you a better chance to showcase your enthusiasm and passion for the insurance field, plus, it shows you’re keen to take the initiative.
We think you need these skills to ace Assistant Analyst in City of London
Some tips for your application 🫡
Show Your Customer Service Skills:In the insurance industry, customer service is key! Highlight any experience you have in dealing with clients or customers, whether it's through a part-time job or volunteer work. Remember, we love seeing your potential to communicate effectively and empathise with clients in your application!
Tailor Your CV to Insurance Basics:When crafting your CV, don't forget to include any relevant courses or certifications you've taken in insurance or finance. If you've studied topics related to risk assessment or policy management, mention those! It shows us you're serious about getting into the insurance game.
Craft a Compelling Cover Letter:For entry-level roles, your cover letter is your chance to shine! Share why you're passionate about insurance and how you’re eager to learn and grow in this field. We want to see that you're genuinely excited about building your career with Lorien!
Highlight Your Analytical Mindset:Insurance is all about assessing risks and understanding numbers. Make sure to mention any coursework or experience you have with data analysis or critical thinking. Even if it’s from school projects or personal interests, we want to see that you can think analytically!
How to prepare for a job interview at Lorien
✨Know Your Basics: The Insurance Fundamentals
Understand the core concepts of insurance, such as risk assessment, underwriting, and claims processes. This knowledge will help us demonstrate our familiarity with the industry and prepare us for any technical questions that might pop up during the interview.
✨Prepare for Behavioural Questions
Insurance companies love behavioural interviews! We should think about times we've shown teamwork, problem-solving, and customer service skills. Reflecting on specific experiences will help us come across as reliable candidates who can handle the challenges of the role.
✨Show Enthusiasm for Learning
As this is an entry-level position, it's crucial to express our eagerness to learn and grow within the company. Employers like Lorien want to see that we're enthusiastic about diving into the insurance world and building our knowledge base over time.
✨Research Industry Trends
Staying updated on the latest trends in the insurance sector, like digital transformation and regulatory changes, can set us apart. Mentioning these trends during the interview shows that we’re engaged and have a forward-thinking mindset, aligning well with the company’s goals.
