Open roleExternal
Insurance Risk Analyst
- leeds, west yorkshire, LS1 1UR, United Kingdom
- Permanent·Hybrid
- Full time
- £58,000 - £58,000 Per Annum
Job Description
About the Role
Our client is looking for a detail-oriented and analytical Insurance Risk Analyst to join their expanding team in Leeds . In this role, you will be instrumental in identifying, assessing, and mitigating potential risks across various insurance products and operations. You will analyze data, develop risk models, and provide strategic insights to senior management to ensure the company's financial health and compliance. This is a fantastic opportunity for a quantitative professional to contribute to critical decision-making processes and shape risk management frameworks within a leading insurance organization, fostering a culture of proactive risk awareness and robust governance.
Key Responsibilities
- Conduct comprehensive risk assessments of new and existing insurance products and business processes.
- Develop and maintain risk models, using statistical techniques and data analysis to quantify potential financial impacts.
- Monitor key risk indicators (KRIs) and provide regular reports and recommendations to management.
- Collaborate with underwriting, claims, and compliance teams to implement effective risk mitigation strategies.
- Stay abreast of regulatory changes and industry best practices in risk management.
Requirements
- Bachelor's degree in Finance, Mathematics, Statistics, Economics, or a related quantitative field.
- Minimum 3 years of experience in a risk analysis or actuarial role within the insurance industry.
- Strong analytical skills with proficiency in data analysis tools (e.g., Excel, SQL, R, Python).
- Familiarity with risk management frameworks and regulatory requirements.
- Excellent report writing and presentation skills.
Benefits
- Competitive salary complemented by an annual bonus scheme.
- Hybrid work model offering a blend of office and remote flexibility.
- Extensive private healthcare coverage and access to wellness resources.
- Generous holiday allowance and company pension scheme.
- Opportunities for advanced training and professional certifications in risk management.