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Insurance Risk Analyst

  • Location

    City of London, London

  • Sector:

    Operations & Middle Office

  • Job type:

    Permanent

  • Salary:

    £55000 - £62000 per annum

  • Contact:

    Scott Duerden

  • Job ref:

    SDSCIRA01_1619105257

  • Published:

    23 days ago

Global Trading company based in the City, have a new role for an Insurance Risk Analyst to join their Insurance Risk Management Department. Recently, through the globalisation and expansion of our client's business, the requirements and expectations of Insurance Risk Management Department are dramatically increasing. It is now essential to enhance the Insurance Risk Management Department to support EBUs/Regional offices/Group Companies in EMEA/CIS in developing insurance risk management (risk analysis, insurance hedging, optimal procurement, claim handling and loss prevention)

Main responsibilities of the Insurance Risk Analyst will include;

  • Day-to-day insurance operation for existing and new business
  • Annual insurance renewal
  • Insurance claim handling
  • Advise on historical claims data across multi-insurance lines, suggesting loss prevention measures
  • Relationship management with insurers and insurance brokers
  • Collect latest information from the insurance market, summarise and share with related parties
  • Review and restructure insurance programs and procure insurance coverage for multi-insurance lines
  • Research and Development support for new investment.

To be considered for this position, ideal candidates must have the following experience and skills;

  • Educated to degree level ideally in Business Administration, Finance or a related area or hold a professional qualification in an insurance business area (such as ACII, or Cert CII)
  • ideally seeking someone with c. 8-10 years' experience. The team's preference is for the new hire to have experience in major insurance lines such as marine cargo/stock, property, liability insurance and experience in conducting insurance due diligence and promoting insurance post-merger integration
  • Experience working as an account executive or consultant for clients within an insurance broker
  • Experience in insurance risk management within multinational corporations
  • Experience in insurance Due Diligence and PMI support for new investments
  • SAP system knowledge
  • Intermediate MS Office skills - Word, Excel, PowerPoint
  • Must be flexible to travel occasionally outside COVID

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