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Junior Risk Analyst

Job LocationLondon
EducationNot Mentioned
Salary£25,000 - £30,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

A Global Reinsurance company is currently recruiting for a Junior Risk Analyst to join their team in London. You will be Integral to the underwriting process, responsible for the analysis and underwriting recommendations of assumed risks, systems, and model development, analysis and support, and resource for new product development and portfolio analytics.Accountabilities:* Technical analysis and risk modeling resulting in recommendations and underwriting support on assumed risks including but not limited to primary and facultative reinsurance, catastrophe excess of loss and proportional business, assumed and ceded retro, capital market transactions* Supporting evaluation, deployment, and development of internal and third-party catastrophe models* Supporting enhancements and development of internal risk and underwriting systems including exposure management, underwriting and portfolio management and reporting tools* Support ad hoc projects such as model research, benchmarking studies and portfolio analysis* Develop and support portfolio and deal-level reporting enhancements and capabilitiesExpected Skills/Knowledge:* Familiarity with industry leading risk modelling software* Developing an understanding or basic knowledge of risk fundamentals and metrics such as expected loss/AAL, exceedance probability, VaR, TVaR * Proficient in Microsoft Excel and knowledge of other statistical or GIS software such as MatLab and/or ArcGIS preferred* Minimum BSc in Natural Sciences, Mathematics, Actuarial Studies, Physics, Computer Science or Engineering discipline is strongly preferred* No experience required, though some insurance/reinsurance experience is beneficial including basic understanding of insurance/reinsurance structures and financial terms and conditions* Excellent analytical skills, proficient knowledge of statistics and computing skills* Computer programming skills such as SQL, Python, R preferred* Excellent written, verbal communication and interpersonal skills

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