Insurance Risk Analyst

About the Role

Our client seeks a highly analytical Insurance Risk Analyst to join their esteemed team based in Sunderland . In this critical role, you will be responsible for identifying, assessing, and mitigating potential risks across the company's insurance products and operations. Your insights will directly influence strategic decision-making, helping to safeguard the company's financial stability and market position. You will work closely with actuarial, underwriting, and claims departments, leveraging data to provide actionable recommendations and enhance risk management frameworks within a collaborative setting.

Key Responsibilities

• Conduct in-depth analysis of insurance data to identify trends, patterns, and potential risk exposures.
• Develop and implement risk assessment models and methodologies for new and existing products.
• Monitor the effectiveness of risk mitigation strategies and recommend adjustments as needed.
• Prepare comprehensive risk reports and present findings to senior management and relevant committees.
• Collaborate with regulatory bodies to ensure compliance with all applicable risk management standards.

Requirements

• Proven experience in risk analysis or a similar quantitative role within the financial services or insurance sector.
• Strong analytical skills with expertise in statistical modeling, data mining, and risk management software.
• Proficiency in data analysis tools such as SQL, Python, or R.
• Excellent understanding of insurance principles, products, and regulatory requirements.
• Bachelor's or Master's degree in Finance, Economics, Statistics, Mathematics, or a related field.

Benefits

• Attractive salary package with potential for annual bonuses.
• Hybrid work arrangement offering flexibility between home and office.
• Comprehensive health, dental, and vision insurance plans.
• Company-matched pension scheme and life assurance.
• Continuous learning opportunities and support for professional certifications.