Catastrophe Analyst

BMS Group; Greater London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading global insurance broker in London is seeking a Catastrophe Analyst to enhance its catastrophe analytics function. The role involves significant data manipulation and reporting along with developing bespoke analytics solutions for clients. Candidates should have experience with catastrophe models, strong Microsoft Office skills, and SQL knowledge. The position promotes a collaborative work environment and offers competitive salary and benefits including healthcare and gym subsidies.

Benefits

Comprehensive private medical cover

Complimentary annual health checks

Access to a virtual 24hr GP

Gym subsidy

Retail discounts

Defined contribution pension

Critical illness cover

Qualifications

• Experience using at least one catastrophe model (RMS, AIR, KCC, Nasdaq).
• Strong numeracy and literacy skills.
• Proficient in Microsoft Office tools.
• Knowledge of SQL and additional coding is beneficial.
• Experience with GIS software is a plus.

Responsibilities

• Support the business with catastrophe analytics.
• Data manipulation and reporting focused on catastrophe modeling.
• Present analysis results to clients and stakeholders.
• Develop bespoke catastrophe analytics solutions.
• Engage with various teams for analytical support.

Skills

Experience of using catastrophe models

Numeracy and literacy skills

Proficient in Microsoft Office

SQL knowledge

Geospatial analytical experience

Relevant industry experience

Relevant industry experience

Tools

RMS

PowerBI

Python/R

Alteryx

Job description

Position Title: Catastrophe Analyst

Reports to: Danny Mcleish

Location: London

About BMS

BMS is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk. We are a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia with both a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.

About the Role

This is an exciting time to join BMS Re as we look to grow the business in London and therefore create a new catastrophe analytics function.

The role will work with the existing analytics teams (UK and US actuarial as well as the US catastrophe function) to service broking teams and their clients across the UK, Bermuda and International functions.

There are no silos at BMS and analytics is looking to position itself as a global value‑add service within the business operating across one platform.

The role will focus on catastrophe analytics, utilising industry standard tools (RMS Moody’s and Verisk platforms), building relationships and assessing nonstandard tools (e.g. Fathom, KCC) as well as using and supporting development of bespoke BMS tools to support reinsurance placements from Marine to FAC to Energy to Treaty.

There will also be opportunities to get involved in data strategies at both function and group level and there will be a strong element of client facing. The aim of catastrophe modelling analysts at BMS Re is to become consumers of cat analytics, not just producers, and to democratise and disseminate catastrophe analytics across a broad audience.

Key Responsibilities

This role will support the business regarding BMS catastrophe analytics capabilities, while contributing to the development of the strategy and growing out the team. Key responsibilities will include, but are not limited to:

• Data manipulation and reporting, generally with a catastrophe modelling focus.
• Producing and analysing catastrophe modelling output.
• Presenting to clients and colleagues.
• Project work focused on developing bespoke catastrophe analytics solutions for clients.
• Engaging with various teams across the company regarding catastrophe analytics support.
• Aid with RfP Presentations.
• Develop tools and processes to improve efficiency and analytical capability.
• Support market submissions.
• Support team development in terms of recruitment and learning.
• Participate in strategic initiatives ranging from new insurance products to data solutions.

What we’re looking for – skills and capabilities

• Experience of using at least 1 catastrophe model: RMS, AIR, KCC or Nasdaq for example.
• Numeracy and literacy skills.
• Proficient in Microsoft Office (e.g. PowerPoint, Excel, PowerBI).
• SQL knowledge required, additional coding knowledge beneficial (e.g. Python or R or experience of working with Alteryx).
• Geospatial analytical experience (i.e. GIS software) is beneficial.
• Relevant experience in the industry.

What we’re looking for - functional & behavioural competencies

• The successful candidate will work across multiple teams and regions with a strong element of client facing. They are expected to be professional and personable at all times; to support and advocate for all aspects of the business and to recognise and build upon areas of development.
• The successful candidate will be quick to learn, comfortable and capable communicating with clients and internal stakeholders, creative in their thinking and problem solving and have keen attention to detail.
• They will personally demonstrate the five BMS values and ensure that team members are aligned with these:
• Accountable
• Entrepreneurial
• Collaborative
• Empowering
• Disciplined

What’s in it for me?

This role offers a competitive salary and bonus, 27 days holiday, plus access to our personalised benefits platform, Your Rewards, including:

• Comprehensive private medical cover for you and your dependents.
• Complimentary annual health checks.
• Access to a virtual 24hr GP.
• Critical illness cover.
• Gym subsidy & dedicated wellbeing support.
• Retail discounts.
• Opportunity to purchase equity.
• Defined contribution pension.

Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to ‘building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.’ As such, we have created our ‘BMS Together’ programme, with dedicated training, collaborative committees and intentional partnerships. In support of our ESG vision, we offer two additional paid days each year to take part in charitable work. BMS offers flexible and hybrid working policies and we’re happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.