Analyst - Alternative Risk Transfer

WTW; London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading company in the insurance sector is seeking a candidate to join their Alternative Risk Transfer Solutions team. The role involves client management, solution structuring, and business development, requiring a degree and experience in financial services. Ideal candidates will possess strong communication skills and proficiency in Excel, with opportunities for growth in a diverse and inclusive environment.

Qualifications

• Educated to degree level or above with at least one year’s experience in insurance or financial services.
• Studying towards or completed the ACII qualification.
• Confidence in using standard software, especially Excel.

Responsibilities

• Support the ART team in client management and business development.
• Assist in responding to inquiries and managing sales pipeline.
• Build a network of contacts within WTW globally.

Skills

Communication

Data Analysis

Adaptability

Inquisitiveness

Education

Bachelor’s degree

STEM subjects preferred

Tools

Excel

Word

PowerPoint

Eclipse

DMS

CEM protocols

Job description

The job description is comprehensive and well-structured, but it contains some formatting inconsistencies and areas where clarity can be improved. It uses HTML tags appropriately in most parts, but some list formatting could be standardized for better readability. Additionally, the content is relevant and focused on the role, with clear responsibilities and minimum requirements outlined. Minor revisions will enhance clarity and consistency without altering the original information.

Revised version:

Candidate Profile

The successful candidate will be educated to degree level or above, with at least one year's experience in an insurance or financial services environment. They will be studying towards or have completed the ACII qualification. STEM degree subjects are preferred. Confidence in using Excel, Word, PowerPoint, and strong communication skills are essential. As part of a small team developing non-standard solutions, the candidate should be inquisitive, adaptable, and able to work independently. Familiarity with WTW systems such as Eclipse, DMS, and CEM protocols, as well as coding and geospatial mapping skills, would be advantageous. Additional language skills are a plus but not required.

Responsibilities

The main responsibility is to support the Alternative Risk Transfer Solutions (ART) team in client management, business development, solution structuring, broking, and deal closure. Specific responsibilities include:

1. Client Responsibilities

• Support the renewal of existing programmes, including client meetings, data collection, analysis, underwriting submissions, market liaison, negotiations, policy documentation, and invoicing.
• Assist in responding to inquiries from clients, prospects, and colleagues.

1. Technical Responsibilities

• Gain a thorough understanding of ART solutions and their value for clients.
• Use data analysis techniques to model and price weather-index and other parametric solutions.
• Support the design of new tailored solutions to meet client needs.
• Assist in developing new business opportunities and preparing RFP responses.
• Support negotiations with (re)insurers and ensure compliant policy execution and client after-care.

1. People Responsibilities

• Build a network of contacts within WTW globally.
• Develop relationships with the global ART team and industry leaders.
• Maintain contacts in ART markets and stay updated on solution offerings.

1. Operational Responsibilities

• Manage sales pipeline, priorities, and financial records, tracking actions and issues promptly.
• Enter policy information into WTW systems.
• Support the team's presence on intranet, blogs, and social media.
• Keep case studies and sales materials current.

Qualifications and Requirements

• Bachelor’s degree with a GPA of 3.0+ (US) or 2.1+ (UK), or international equivalent.
• All majors/degrees considered; STEM subjects preferred but not essential.
• Excellent written and verbal communication skills adaptable to diverse audiences.
• Interest in finance and insurance industry; first-hand experience not required.
• Proficiency in standard software, especially Excel.
• Second language skills are desirable but not essential.

Equal Opportunity Employer

At WTW, we believe that diversity makes us stronger. We aim to reflect the markets we serve and foster an inclusive culture where colleagues feel valued and empowered. We are committed to providing an inclusive work environment and embrace diversity in all forms.