Loss Modeller

Faraday; City Of London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading reinsurance firm is looking for a Loss Modelling Analyst in London. This role includes analyzing natural catastrophe risks, supporting reporting requirements, and collaborating with underwriting teams. Candidates should have a degree in a Science or Mathematics discipline, experience with catastrophe models, and strong analytical and problem-solving skills. Good communication and IT skills, particularly in Excel and SQL, are also essential. This position offers the chance to thrive in a challenging environment while ensuring risk management accuracy.

Qualifications

• Familiarity with loss modelling systems.
• Ability to drive tasks forward and find practical solutions.
• Attention to detail and accuracy.

Responsibilities

• Use models to analyse and price risks to natural catastrophes.
• Support internal/external reporting requirements.
• Assess quality of modelling data through peer review.

Skills

Experience using Verisk and RMS Catastrophe models

Knowledge of property insurance

Strong analytical skills/experience

Good communication skills

Good broad-based IT skills

Education

Degree in Science or Mathematics based discipline

Tools

Excel

SQL

Job description

Main Purpose of the Role

Tosupport the underwriters by providing loss modelling output & knowledge,enabling underwriters to form risk-taking decisions based on the highestquality information thus ensuring exposures are modelled and managed accurately. The Loss Modelling team is part of the Gen Re International P&C Catastrophe Modelling function and sits alongside the Faraday Property Underwriting team, whichincludes Reinsurance and Claims support. The Loss Modelling team liaises directlywith the underwriters to meet their pricing and portfolio reportingrequirements. This role requires the ability to respond quickly toincoming requests, managing the demandsof both internal and external clients. Strong prioritisation, attention to detail and organisationalskills are paramount.

Key Responsibilities

• Use both vendor and in-house models to analyse and technically price risks to natural catastrophes and report to underwriters
• Support internal / external reporting requirements including the monthly exposure management pack
• Assess accuracy and quality of modelling data through peer review of work performed by outsourcing company
• Work with the wider Gen Re Catastrophe Modelling team to assist in the development and refinement of natural catastrophe models, enhancing the companies view of catastrophe risk
• Provide exposure information following a catastrophic event, keeping track of Faraday and vendor loss estimates and the general progression of the catastrophe event
• Work with the current loss modelling systems to accurately reflect the exposures of the property book
• Work with Loss Modelling team members to continually refine in-house process, challenging current assumptions and workflow
• Attending relevant seminars and conferences

Key Relationships

All membersof the Loss Modelling and Property Team, including Underwriting, Claims and Actuarial

Competencies

• Experience using Verisk and RMS Catastrophe models
• Knowledge of property insurance
• Degree in Science or Mathematics based discipline
• Good broad-based IT skills, particularly Excel and SQL
• Strong analytical skills/experience
• Good communication skills with the ability to work effectively with people from all areas of the business
• Hardworking, with the ability to drive tasks forward and find solutions
• Ability to work independently and deliver to deadlines
• Demonstrable problem-solving abilities
• Attention to detail and accuracy
• Sociable, approachable and presentable
• Good time keeping and a willingness to respond to business seasons and increased workload pressures
• Be an active member of the London and wider underwriting market and build and foster a strong external network

Additional Information

Do you thrive on challenge and achievement? The successful candidate needs some or all the following characteristics:

• Good problem-solving skills and the ability to find practical solutions
• The tenacity to stick with a problem until it is solved but capable of taking a practical business perspective
• Ability to concentrate on the detail but also see the bigger picture

Our Address

General Reinsurance, London Branch
Corn Exchange
55 Mark Lane
London, EC3R 7NE (UK)

It is the continuing policy of the Gen Re Group to afford Equal Opportunity to qualified individuals without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or citizenship, sexual orientation, gender identity, or any characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.