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Insurance Risk Analyst

Posted by Placements24
wolverhampton, west midlands, WV1 1AA, United Kingdom
Full time
Remote
£50,000 - £50,000 Per Annum

Job Description

About the Role

Our client is seeking a highly analytical and insightful Insurance Risk Analyst to join their strategic team in Wolverhampton . This role is critical in identifying, assessing, and quantifying potential risks that could impact the company's financial performance and operational stability. You will analyse vast datasets, develop risk models, and provide recommendations to senior management to mitigate exposure. This position offers a challenging and intellectually stimulating career within a leading insurance organisation, contributing to informed decision-making and risk management strategies in Wolverhampton .

Key Responsibilities

Analyse market, credit, and operational risks affecting the insurance portfolio and business operations.
Develop and implement quantitative models to assess and forecast potential financial losses.
Monitor key risk indicators (KRIs) and report on trends and potential emerging risks.
Collaborate with underwriting, actuarial, and finance teams to integrate risk management insights.
Prepare detailed reports and presentations for senior management on risk exposures and mitigation strategies.
Ensure compliance with regulatory requirements related to risk management and capital adequacy.

Requirements

Advanced degree in a quantitative field such as Finance, Economics, Statistics, or Mathematics.
Proven experience in risk analysis, particularly within the insurance or financial services industry.
Strong quantitative and modelling skills, with proficiency in statistical software (e.g., R, Python, SAS).
Excellent analytical, problem-solving, and critical thinking abilities.
Ability to communicate complex technical concepts to non-technical stakeholders.

Benefits