At a Glance
- Tasks: Analyse catastrophe models and support underwriting decisions across various business lines.
- Company: Join Sompo, a global leader in insurance with a collaborative culture.
- Benefits: Enjoy competitive pay, health benefits, tuition reimbursement, and professional development opportunities.
- Other info: Dynamic work environment with strong career growth potential.
- Why this job: Make a real impact in the insurance industry while developing your analytical skills.
- Qualifications: Experience in catastrophe modelling and proficiency in SQL and VBA required.
The predicted salary is between 45000 - 55000 £ per year.
Are you looking for your next opportunity? Sompo has a unique opportunity for a Catastrophe Modelling Analyst in our Catastrophe Modelling team. The Catastrophe Modelling Analyst provides an excellent opportunity for the candidate to develop their knowledge and understanding of Catastrophe Modelling within an insurance operation across multiple lines of business while working closely with underwriting teams across London, Europe and APAC platforms by providing analytics to support underwriting decisions.
Location: This position will be based out of our London office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
What you’ll be doing:
- Pre-modelling of underwriting submissions for Property, Energy, Marine and any other lines as per business needs
- Assisting portfolio reporting – preparation and management of risk modelling ready for monthly roll up process across multiple lines of business
- Regulatory returns
- Ad hoc projects as required
- Ability to understand and communicate technical concepts
- Understand and interpret slips to ascertain key modelling assumptions, and ensure completeness of data, liaising with brokers and other parties to supplement where necessary
What you’ll bring:
- Experience in cat modelling, preferably in an Insurance environment
- Experience and knowledge of the RMS detailed loss modelling platform
- Competent in SQL and VBA with proven experience of building reporting tools
- Knowledge of GIS tools an advantage
- Strong numerical data handling and analysis skills
- Ability to understand and communicate technical concepts
- Ability to work effectively individually and as part of a team
- Strong verbal and written communication skills – position requires interaction with numerous employees on all platforms of business
At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees. Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of some of the benefits we offer, which may vary depending on the country:
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits
Who we are and what we stand for:
At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide.
Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.
Summary
Location: London, United Kingdom
Type: Full time
Analyst - Commercial Management in London employer: Sompo International
Sompo is an exceptional employer that prioritises collaboration and employee development within its London office. With a strong focus on health and wellness benefits, retirement plans, and professional growth opportunities, we create a supportive environment where employees can thrive in their careers while contributing to meaningful value for clients and communities. Our commitment to diversity and inclusion ensures that every team member feels respected and empowered to excel.
StudySmarter Expert Advice🤫
We think this is how you could land Analyst - Commercial Management in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Sompo International. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Analyst - Commercial Management in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Sompo International.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Sompo International's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Sompo International
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Sompo International.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Sompo International will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Sompo International employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
