Insurance Risk Analyst

About the Role

Our client is seeking a highly analytical Insurance Risk Analyst to join their forward-thinking team, supporting operations in Stoke-on-Trent . This role is crucial for identifying, assessing, and mitigating potential risks across the company's insurance portfolio. You will leverage data analysis, financial modelling, and market research to provide strategic insights that inform underwriting decisions, product development, and risk management strategies. The ideal candidate possesses strong quantitative skills and a deep understanding of the insurance market, contributing to a sophisticated approach to risk management. This is an excellent remote opportunity to apply your analytical expertise within the dynamic insurance landscape.

Key Responsibilities

• Develop and implement risk assessment models and methodologies for insurance products.
• Analyse large datasets to identify emerging risks, trends, and potential financial exposures.
• Prepare detailed reports and presentations on risk exposures, mitigation strategies, and regulatory compliance for senior management.
• Collaborate with underwriting, actuarial, and claims departments to provide risk insights and recommendations.
• Monitor and evaluate the effectiveness of risk management policies and procedures.
• Stay abreast of industry best practices, regulatory changes, and economic factors impacting the insurance market.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Proven experience as a Risk Analyst or in a similar analytical role within the insurance or financial services industry.
• Strong quantitative skills, including proficiency in statistical software (e.g., R, Python) and data analysis tools.
• Excellent analytical, problem-solving, and critical thinking abilities.
• Effective communication skills, with the ability to present complex data clearly to diverse audiences.
• Understanding of insurance principles, regulations, and financial modelling techniques.

Benefits

• Competitive salary with performance-based bonuses.
• Fully remote working position, offering flexibility and work-life balance.
• Comprehensive health and wellness benefits package.
• Opportunities for professional certifications and continued learning in risk management.
• A collaborative and intellectually stimulating work environment focused on innovation.