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- Tasks: Join our team to assess and manage key insurance risks while collaborating with stakeholders.
- Company: Be part of a dynamic Lloyd’s of London Insurer shaping the future of risk management.
- Benefits: Enjoy hybrid working options and a competitive salary up to £75,000.
- Why this job: Contribute to strategic decisions and foster a positive risk culture in a reputable company.
- Qualifications: Bring your extensive risk management experience and actuarial qualifications to the table.
- Other info: Work closely with senior leadership and influence key business decisions.
The predicted salary is between 45000 - 105000 £ per year.
Job Description
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.
- Strong communication, negotiation, and influencing skills.
- Proficiency in Microsoft Office and databases.
Location: London, Hybrid Working
Salary: Up to £75,000
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Insurance Risk Manager employer: ZipRecruiter
Contact Detail:
ZipRecruiter Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Risk Manager
✨Tip Number 1
Make sure to familiarize yourself with the Lloyd’s of London insurance market. Understanding its unique dynamics and regulatory environment will give you an edge in discussions during interviews.
✨Tip Number 2
Network with professionals in the insurance risk management field. Attend industry events or webinars to connect with potential colleagues and learn about current trends and challenges in risk management.
✨Tip Number 3
Brush up on your actuarial knowledge and ensure you can discuss how it applies to risk management. Being able to articulate your understanding of actuarial principles will demonstrate your expertise in the field.
✨Tip Number 4
Prepare to discuss specific examples of how you've managed risks in previous roles. Highlighting your experience with key business decisions and risk appetite assessments will show that you're ready for this role.
We think you need these skills to ace Insurance Risk Manager
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Insurance Risk Manager position. Understand the key responsibilities and qualifications required, as this will help you tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasize your extensive experience in risk management within the London insurance market. Provide specific examples of how you've managed risks and contributed to a positive risk culture in previous roles.
Showcase Your Skills: Make sure to highlight your actuarial qualifications and strong communication, negotiation, and influencing skills. Use concrete examples to demonstrate how these skills have helped you succeed in past positions.
Tailor Your Application: Customize your cover letter to reflect your understanding of the company's needs and how you can contribute to their insurance risk team. Mention your proficiency in Microsoft Office and databases, as well as your ability to prepare regulatory reports.
How to prepare for a job interview at ZipRecruiter
✨Understand the Insurance Risk Landscape
Make sure you have a solid grasp of the current trends and challenges in the London insurance market. Be prepared to discuss how these factors influence risk management and decision-making.
✨Showcase Your Actuarial Expertise
Highlight your actuarial qualifications and experience during the interview. Be ready to provide examples of how you've applied your skills in previous roles, especially in relation to risk assessment and management.
✨Demonstrate Strong Communication Skills
Since the role involves collaboration with various stakeholders, practice articulating your thoughts clearly and confidently. Prepare to discuss how you've effectively communicated complex risk concepts to non-experts in the past.
✨Prepare for Regulatory Discussions
Familiarize yourself with Solvency II and Lloyd’s standards, as well as any recent regulatory changes. Be ready to discuss how you would ensure compliance and contribute to the preparation of regulatory reports.
