Insurance Risk Analyst
- leeds, west yorkshire, LS1 1UR, United Kingdom
- Remote
- Full time
- £60,000 - £60,000 Per Annum
Job Description
About the Role
Our client is actively looking for a skilled and analytical Insurance Risk Analyst to join their fully remote team. This position is critical in identifying, assessing, and mitigating potential risks across the company's diverse insurance portfolio. You will leverage data analytics and market insights to inform strategic decisions, enhance underwriting practices, and ensure compliance with regulatory requirements. The ideal candidate is adept at quantitative analysis, possesses a strong understanding of financial markets and insurance principles, and thrives in a collaborative, yet autonomous, remote work environment. This role offers a significant opportunity to influence risk management strategies and contribute to the long-term financial health of the organization from anywhere in the UK.
Key Responsibilities
- Conduct in-depth analysis of insurance risks, including market, credit, operational, and regulatory risks.
- Develop and maintain risk models, frameworks, and reporting tools to monitor key risk indicators.
- Provide insights and recommendations to senior management and relevant departments on risk mitigation strategies.
- Collaborate with underwriting, claims, and finance teams to ensure a cohesive approach to risk management.
- Monitor emerging risks and trends within the insurance industry and global markets.
- Ensure compliance with relevant regulations and internal risk policies.
Requirements
- Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
- Minimum of 4 years of experience in risk analysis, preferably within the insurance or financial services industry .
- Strong quantitative and analytical skills, with proficiency in statistical modeling and data analysis tools (e.g., R, Python, SQL).
- Comprehensive understanding of risk management principles and insurance products .
- Experience with regulatory frameworks and compliance requirements in the UK financial sector.
- Excellent report writing and presentation skills, comfortable communicating complex data to diverse audiences in a remote setting .
Benefits
- Highly competitive salary and bonus structure.
- Fully remote working arrangement with flexible hours.
- Comprehensive health, dental, and vision insurance.
- Generous annual leave allowance and company holidays.
- Opportunities for professional development, including support for certifications like FRM or PRM.