At a Glance
- Tasks: Analyse catastrophe risks and manage clients' insurance portfolio data.
- Company: Dynamic insurance and reinsurance firm focused on inclusivity.
- Benefits: Competitive salary, career development, and a supportive work environment.
- Other info: Join a diverse team and grow your career in a thriving sector.
- Why this job: Make a real impact by understanding natural catastrophes and their risks.
- Qualifications: Master's or good degree in a numerate subject; passion for the industry.
The predicted salary is between 40000 - 50000 £ per year.
In this role, the individual will work closely with Brokers in the Global Markets Direct and Facultative team. The individual will be required to offer a wide range of analytical services including data management, catastrophe modelling, exposure management, financial modelling, and bespoke analytics. The focus of our service is to provide Brokers with a deeper understanding of their clients' risk from natural perils such as windstorm, earthquake, severe convective storm, flood and wildfire.
This is a general summary of the duties the successful candidate will be expected to perform as a part of the team, and your role will include:
- Managing, auditing, processing and analysing clients' insurance portfolio data
- Preparation and formatting of data for modelling
- Operation of catastrophe models including RMS and AIRO
- Operation of geo-visualisation tools including Arc GIS
- Interpretation of model results
- Preparation of catastrophe research report
- Presentation and explanation of catastrophe model results
- Develop professional working relationships and communicate effectively with colleagues
- Work with the existing team members on a day-to-day basis
- Process and audit large portfolios of data; run portfolios against state-of-the-art internal and external computer models; synthesise the results
- Take a methodical approach to problem solving and be comfortable with IT
Qualifications:
- Master's Degree and/or a good degree from a leading university in a numerate subject (e.g., mathematics, meteorology, engineering, physics, geophysics, geography, IT)
Skills & Attributes:
- Passion to develop your career within the Insurance/Reinsurance industry
- A keen interest in natural catastrophes
- Attention to detail
- Ability to forge good relationships
- Desire to take early responsibility
- High degree of self-discipline and commitment
- Experience at handling large datasets through use of computer code (advantage)
- Experience and working knowledge of GIS software such as ArcGIS (advantage)
At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.
Catastrophe Risk Analyst employer: Willis Towers Watson
WTW is an exceptional employer for a Catastrophe Risk Analyst, offering a dynamic work culture that values inclusivity and diversity. Employees benefit from comprehensive professional development opportunities, a collaborative environment with experienced colleagues, and the chance to engage in meaningful work that directly impacts clients' understanding of natural risks. Located in a vibrant market, WTW provides a unique platform for career growth within the Insurance/Reinsurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Catastrophe Risk Analyst
✨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 Willis Towers Watson). 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 Willis Towers Watson. 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 Catastrophe Risk Analyst
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 Willis Towers Watson.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Willis Towers Watson. 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 Willis Towers Watson
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Willis Towers Watson 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 Willis Towers Watson, 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 Willis Towers Watson'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.
