Senior Catastrophe Risk Analyst

Willis Towers Watson; City of Westminster; On-site; GBP 40,000 - 60,000; Full time

Job summary

A global insurance analytics firm is seeking a candidate to join its team in London. Responsibilities include managing and analysing portfolio data related to catastrophe risk, preparing data for modelling, and communicating findings to stakeholders. The ideal candidate will have a strong background in engineering, maths, or natural sciences, familiarity with insurance markets, and excellent IT skills, including SQL and GIS software. The role offers an inclusive work culture promoting diversity and growth within the organization.

Qualifications

• Strong knowledge of the London/global insurance market.
• Proficient with vendor models and catastrophe risk quantification.
• Experience handling and processing large data sets.

Responsibilities

• Manage and analyse portfolio data related to catastrophe modelling.
• Prepare data for modelling and quantification of risk.
• Communicate findings to various stakeholders.

Skills

Understanding of insurance markets

Vendor model knowledge (RMS preferable)

Problem-solving skills

Excellent IT skills

Experience with SQL

Communication skills

Teamwork ability

Education

Degree in engineering, maths or natural sciences (ideally Masters)

Tools

Power BI

GIS software (e.g. ArcGIS)

R

Python

Job description

Overview

In this role, the individual will work closely with Brokers in the Global Markets Direct and Facultative team. The individual will be required to offer a wide range of analytical services including data management, catastrophe modelling, exposure management, financial modelling, and bespoke analytics. The focus of our service is to provide Brokers with a deeper understanding of their clients' risk from natural and man-made perils such as windstorm, earthquake, severe convective storm, flood and wildfire. This is a general summary of the duties the successful candidate will be expected to perform as a part of the team, and your role, you will:

Responsibilities

• Managing, auditing, processing and analysing portfolio data
• Preparation of data for modelling
• Quantify the catastrophe risk using vendor catastrophe models
• Operation of geo-visualisation tools including Arc GIS
• Contribute to the Global Markets Direct and Fac Analytics service offering development
• Understand and evaluate the impact of updates and revisions to models and the outputs produced
• Communicate results effectively to all stakeholders (i.e. cat modellers / brokers / clients/ (re)insurers)
• Work closely with all stakeholders throughout all aspects of the risk quantification process
• Real-time reporting and analysis of natural disasters and supporting clients' post-event
• Support junior members in the team through training and advice.
• On a day-to-day basis, the successful candidate will be involved in processing and auditing client data, running client portfolios against state-of-the-and external computer models, and synthesising the results.
• You will be required to take a methodical approach to problem solving and be comfortable with IT. Joining the company with an engineering, maths or natural sciences degree (ideally Masters), they also require the ability to effectively communicate technical detail internally and to external clients who do not necessarily have technical knowledge of the subject.

Qualifications & Skills

• An understanding of London/global insurance markets and (re)insurance business
• Excellent working knowledge of at least one vendor model (RMS preferable)
• Excellent understanding of the underlying perils science and model components
• Strong problem-solving skills and keen attention to detail
• Excellent IT skills, Power BI an advantage
• Experience with SQL is essential, R/Python an advantage
• Experience with process optimisation
• Experience and working knowledge of GIS software e.g. ArcGIS, an advantage
• Excellent communication skills
• Ability to process and understand data quickly and creatively
• The ability to work in a team
• Highly motivated to learn and grow within a global market leader

About WTW

At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.