Catastrophe Modelling Analyst - Reinsurance

The Exposure Management 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 Exposure Management, the Reinsurance Catastrophe Modelling team leverages 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

• Provide comprehensive and thoughtful modelling output to key stakeholders throughout the pricing process

• 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)

• 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

• Bring clarity, transparency and understanding to the stakeholders of reinsurance modelling analytics

• To be a key point of contact for underwriters and other stakeholders, with queries relating to the pricing of accounts and portfolio roll-up

• Maintain and grow sustainable relationships with all business partners, approaching conversations with the ability to challenge and a continuous improvement mindset

• Assist with client and broker relationships where appropriate, with the ability to handle enquiries in an efficient professional manner

Reporting and Governance

• Undertake internal and external reporting activities for submissions

• Assist Senior Analysts in the design and implementation of risk management strategies, ensuring alignment with business goals

• Support governance activities, including assisting Senior Analysts in gathering information for decision focus

Compliance and Risk Management

• Conduct role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate

• 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…

• Are a keen learner with very strong analytical skills

• Demonstrate understanding of the (re)insurance Markets across the globe and the Lloyd’s Market, and how these impact our business

• Demonstrate a high degree of attention to detail and accuracy

• Are a strong problem solver with focus on continuous improvement

• Have excellent communication and collaboration skills to bridge gaps between technical and non-technical stakeholders

• Are highly adaptable and thrive in dynamic environments to meet evolving business needs

• Have strong time management and organisational skills

• 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:

• Sound financial and commercial acumen

• Risk analytics modelling experience is essential, using the following: RMS RiskLink / RMS Risk Manager/ AIR Touchstone/ Touchstone Re

• Strong Microsoft Excel skills are essential

• Sound knowledge of data management and structures

• General coding logic and coding experience in SQL are highly desirable, skills in R &/or Python would be useful

• Experience in utilising data manipulation and visualisation tools are desirable, e.g. PowerBI

• Ability to design, operate, interpret and communicate quantitative reporting

• Experience in using DFA tools and Underwriting administration systems are desirable

• Knowledge and experience of the (re)insurance industry is desirable

• Technical knowledge of (re)insurance, outward reinsurance, the general underwriting process and underwriting performance are desirable

What you can expect from us

• Competitive Base Salary

• Performance Related Discretionary Bonus

• Holiday: 28 days core annual leave, and you can buy up to 5 days

• Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)

• Private Medical: cover for yourself. Family members/dependants can be added.

• Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits. 

• Life Assurance: 5 x annualised base salary

• Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1. 

• Continuous Learning Approach: Including study support with professional qualifications.

• Employer Supported Volunteering: 3 days volunteering leave.

• Annual health screening

• Give as you earn

• Cycle to work

• Season ticket loan

• Green car scheme  

• Retail discount platform

About MS Amlin