Role: Catastrophe Modelling Analyst - Reinsurance
Location: London - Hybrid
Position type: Full time, permanent
The Risk Analytics team plays a vital role at MS Amlin in understanding, advising, and reporting on the level of risk being written by the business. It’s a stimulating environment where colleagues use sophisticated modelling and analytics, as well as their expertise in natural and man-made hazards, exposure, and financial terms to partner with underwriters and other stakeholders on business decisions. Outputs from the team are fundamental to determining prices, fulfilling capital requirements, and setting risk appetites.
Within Risk Analytics, the Reinsurance Catastrophe Modelling teamleverages analytics to forecast and manage the outcome of catastrophe losses, to add value to stakeholder decision making and management/ regulatory oversight so that MS Amlin can reach our ambitions for both profitability and customer satisfaction downstream. As a member of the team you have an opportunity to work on challenging problems in a collaborative team, whilst developing your own knowledge and career.
About The Job
Analytics and modelling
1. Provide comprehensive and thoughtful modelling output to key stakeholders throughout the pricing process
2. Assist with portfolio roll-up and other value-add modelling tasks such as supporting Senior Analysts in aiding underwriting decision making; identify patterns and potential anomalies within data; assess and forecast risk exposure; supporting coordination of event response; and support on project work/initiatives as required (including support to Insurance classes)
3. Peer review risks modelled by Genpact, in order to support and enhance underwriters’ decision making, effectively managing risk whilst adhering to required deadlines. Review reports created by Genpact, providing oversight on their associated activities and offering direction dependent on business requirements
Inter-business relationships
4. Bring clarity, transparency and understanding to the stakeholders of reinsurance modelling analytics
5. To be a key point of contact for underwriters and other stakeholders, with queries relating to the pricing of accounts and portfolio roll-up
6. Maintain and grow sustainable relationships with all business partners, approaching conversations with the ability to challenge and a continuous improvement mindset
7. Assist with client and broker relationships where appropriate, with the ability to handle enquiries in an efficient professional manner
Reporting and Governance
8. Undertake internal and external reporting activities for submissions
9. Assist Senior Analysts in the design and implementation of risk management strategies, ensuring alignment with business goals
10. Support governance activities, including assisting Senior Analysts in gathering information for decision focus
Compliance and Risk Management
11. Conduct role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate
12. Assist with ensuring that the portfolio and the risks underwritten are compliant with all the relevant risk, regulatory and legal requirements, whilst, aligning to business goals
You’re going to enjoy this job if you also…
13. Are a keen learner with very strong analytical skills
14. Demonstrate understanding of the (re)insurance Markets across the globe and the Lloyd’s Market, and how these impact our business
15. Demonstrate a high degree of attention to detail and accuracy
16. Are a strong problem solver with focus on continuous improvement
17. Have excellent communication and collaboration skills to bridge gaps between technical and non-technical stakeholders
18. Are highly adaptable and thrive in dynamic environments to meet evolving business needs
19. Have strong time management and organisational skills
20. Are proactive in your own development and assist with the development of more junior onshore and offshore staff members where appropriate
What you’ll need
For this particular role there is some important experience we need you to have, including:
21. Sound financial and commercial acumen
22. Risk analytics modelling experience is essential, using the following: RMS RiskLink / RMS Risk Manager/ AIR Touchstone/ Touchstone Re
23. Strong Microsoft Excel skills are essential
24. Sound knowledge of data management and structures
25. General coding logic and coding experience in SQL are highly desirable, skills in R &/or Python would be useful
26. Experience in utilising data manipulation and visualisation tools are desirable, e.g. PowerBI
27. Ability to design, operate, interpret and communicate quantitative reporting
28. Experience in using DFA tools and Underwriting administration systems are desirable
29. Knowledge and experience of the (re)insurance industry is desirable
30. Technical knowledge of (re)insurance, outward reinsurance, the general underwriting process and underwriting performance are desirable
What y ou can expect from us
A competitive salary and benefits package is a given, but you can also expect:
31. A great team and supportive colleagues
32. Hybrid Working environment
33. Flexible Working
34. A strong focus on diversity, inclusion and equal opportunities
35. A programme of wellbeing and mental health support
36. Employer-supported volunteering (ESV)
37. Continuous learning and study support
38. Structured career development
39. An open mind (especially to new ideas and ways of doing things)
About MS Amlin
MS Amlin is part of a global top-10 insurance group, MS&AD. We’re made up of four distinct businesses covering global reinsurance, Lloyds franchise, local specialty insurer, and business services.
Conduct Rules
With the implementation of the SM&CR (Senior Managers & Certification Regime), the Financial Services and Markets Act gave the FCA new powers to write conduct rules and apply them to all employees within a firm. The Conduct Rules set basic standards of good personal conduct. They stipulate that you must:
40. Act with integrity
41. Act with due care, skill and diligence
42. Be open and co-operative with the FCA, PRA and other regulators
43. Pay due regard to the interests of customers and treat them fairly
44. Observe proper standards of market conduct.
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