Insurance Risk Analyst

About the Role

Our client is seeking a sharp and analytical Insurance Risk Analyst to join their growing team in Plymouth . In this vital role, you will be responsible for identifying, assessing, and quantifying potential risks across the company's insurance operations, helping to mitigate losses and ensure financial stability. You will work closely with underwriting, claims, and finance departments to develop risk management strategies and implement effective controls. This position offers a fantastic opportunity for an ambitious analyst to make a tangible impact on the company's risk profile and strategic decision-making within the Devon region.

Key Responsibilities

• Analyze insurance data to identify key risk exposures and trends across various lines of business.
• Develop and maintain risk models to quantify potential financial impacts of identified risks.
• Collaborate with underwriting teams to assess the risk appetite and set appropriate underwriting guidelines.
• Monitor and report on the effectiveness of risk mitigation strategies and controls.
• Assist in the development and implementation of enterprise-wide risk management frameworks.
• Stay informed about emerging risks and regulatory changes impacting the insurance industry.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Proven experience as a Risk Analyst, preferably within the insurance industry .
• Strong analytical and quantitative skills, with proficiency in statistical software or tools.
• Excellent understanding of risk management principles and methodologies.
• Effective communication skills to present complex risk information to various stakeholders.
• Experience with data analysis and reporting tools (e.g., SQL, Python, R) is highly desirable.

Benefits

• Competitive salary and performance-related bonus opportunities.
• Structured career path with opportunities for professional development and certifications.
• On-site role fostering direct collaboration and team cohesion in Plymouth .
• Comprehensive health and wellness benefits package.
• Generous pension scheme and employee assistance program.