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 25000 - 32000 £ 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.
Analyst Assistant in London employer: Lorien
Join a forward-thinking company in Manchester that values technical expertise and offers a dynamic work culture. With a focus on hybrid working, flexible hours, and a strong emphasis on employee growth, this role provides the opportunity to lead impactful projects while maintaining a hands-on engineering position. Enjoy a competitive salary, annual bonus, and the chance to shape the future of corporate infrastructure services in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Analyst Assistant in London
✨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 Lorien). 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 Lorien. 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 Analyst Assistant in London
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 Lorien.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lorien. 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 Lorien
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lorien 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 Lorien, 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 Lorien'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.
