At a Glance
- Tasks: Join a dynamic team to assess and manage key insurance risks.
- Company: Miryco Consultants collaborates with a leading Lloyd’s of London Insurer.
- Benefits: Enjoy hybrid working and a competitive salary up to £75,000.
- Other info: Actuarial qualifications preferred; no sponsorship available.
- Why this job: Be part of a positive risk culture and influence key business decisions.
- Qualifications: Extensive risk management experience in the London insurance market is essential.
The predicted salary is between 45000 - 75000 £ per year.
Miryco Consultants are working with a Lloyd’s of London Insurer to grow a dynamic and strategically important insurance risk team. The role will see you working directly with the Head of Insurance Risk on the assessment, monitoring, and management of key risks. You will be involved with key business decisions relating to the risk appetite and contribute to the development and maintenance of a positive risk culture.
Responsibilities:
- Collaborate with stakeholders to manage and report on key insurance risks.
- Support the implementation of the Underwriting Risk Operating Model, including assessments and guidance to the Risk Committee.
- Conduct an annual review of insurance risk appetites and challenge business assumptions when needed.
- Regularly monitor underwriting and reserve risk exposures, ensuring alignment with appetite.
- Provide regular updates to senior leadership and committees.
- Assist in preparing regulatory reports and opinions, ensuring compliance with Solvency II and Lloyd’s standards.
- Review the business plan annually and assist in completing the Own Risk and Solvency Report.
- Work with the Capital Modelling team to support the Internal Model’s development.
- Offer expert advice on risk management, promoting a culture of effective risk practices.
Qualifications:
- Extensive experience in risk management within the London insurance market.
- Actuarial qualifications preferred.
- Strong communication, negotiation, and influencing skills.
- Proficiency in Microsoft Office and databases.
Location: London, Hybrid Working
Salary: Up to £75,000
Please note, our client is unable to offer sponsorship for this opportunity.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Risk Manager in Slough
✨Tip Number 1
Network with professionals in the London insurance market. Attend industry events or webinars where you can meet people who work in risk management. Building relationships can lead to valuable insights and potential referrals.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in insurance risk management, particularly Solvency II and Lloyd’s standards. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed risks in previous roles. Think about challenges you've faced and how you overcame them, as this will showcase your problem-solving skills and experience in risk management.
✨Tip Number 4
Engage with the company on social media, especially LinkedIn. Follow Miryco Consultants and interact with their posts. This can help you get noticed and show your genuine interest in the role and the company culture.
We think you need these skills to ace Insurance Risk Manager in Slough
Some tips for your application 🫡
Understand the Role:Before applying, make sure you fully understand the responsibilities and qualifications required for the Insurance Risk Manager position. Tailor your application to highlight your relevant experience in risk management within the London insurance market.
Craft a Strong CV:Your CV should clearly outline your extensive experience in risk management, including specific examples of how you've contributed to risk assessment and management in previous roles. Highlight any actuarial qualifications and your proficiency in Microsoft Office and databases.
Write a Compelling Cover Letter:In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities mentioned in the job description, such as collaborating with stakeholders and supporting the implementation of risk models.
Proofread Your Application:Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in risk management roles.
How to prepare for a job interview at Miryco Consultants Ltd
✨Understand the Role Thoroughly
Before your interview, make sure you have a solid grasp of the responsibilities and expectations of an Insurance Risk Manager. Familiarise yourself with key concepts like risk appetite, underwriting risk, and Solvency II regulations, as these will likely come up during discussions.
✨Prepare Real-World Examples
Be ready to discuss specific instances from your past experience where you've successfully managed risks or influenced key business decisions. Use the STAR method (Situation, Task, Action, Result) to structure your responses clearly and effectively.
✨Showcase Your Communication Skills
Given the importance of collaboration in this role, demonstrate your strong communication and negotiation skills during the interview. Practice articulating complex risk concepts in a way that is easy to understand, as you may need to explain these to stakeholders who are not risk experts.
✨Ask Insightful Questions
Prepare thoughtful questions to ask the interviewers about the company's risk culture and how they approach risk management. This shows your genuine interest in the role and helps you assess if the company aligns with your values and career goals.
