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Insurance Risk Analyst

Posted by Placements24
bristol, south west england, BS1 4ST, United Kingdom
Full time
On-site
£58,000 - £58,000 Per Annum

Job Description

About the Role

Our client is looking for a highly analytical Insurance Risk Analyst to join their established team in Bristol . In this crucial role, you will be responsible for identifying, assessing, and quantifying risks across the company's insurance portfolios. Your insights will inform strategic decision-making, helping to mitigate potential financial losses and optimize risk management strategies. This role is office-based, providing ample opportunity for direct collaboration with senior management and other key departments within the Bristol headquarters.

Key Responsibilities

Develop and implement risk assessment models and methodologies.
Analyze large datasets to identify potential risks, trends, and exposures within insurance products.
Quantify the financial impact of identified risks and recommend mitigation strategies.
Prepare comprehensive risk reports for senior management and regulatory bodies.
Collaborate with underwriting, actuarial, and claims teams to ensure a holistic approach to risk management.
Monitor and evaluate the effectiveness of existing risk management frameworks.

Requirements

Strong academic background in a quantitative field (e.g., Finance, Mathematics, Statistics, Economics).
Proven experience in a risk analysis or similar role, preferably within the insurance industry.
Advanced analytical and statistical modeling skills.
Proficiency in data analysis tools and software (e.g., SQL, Python, R, Excel).
Excellent report-writing and presentation skills.

Benefits