Insurance Risk Management Specialist

13 hours ago


Leeds, Leeds, United Kingdom Lloyds Bank plc Full time

Job Title: Insurance Risk Management Specialist

We are seeking an experienced insurance professional to join the General Insurance (GI) Underwriting Team, as a Reinsurance & Exposure Analyst within the Reinsurance team.

This role provides an excellent opportunity to develop your understanding of how the business operates, its key risks and how reinsurance can minimise these risks.

Key Responsibilities:
  • Support the development, delivery and management of our reinsurance protection, large loss reporting and recoveries processes.
  • Engage with the business and reinsurance brokers, to co-ordinate the production of insightful analysis, underwriting exhibits, ad-hoc and regular catastrophe modelling.
  • Building and maintaining excellent relationships with internal stakeholders and our reinsurance brokers.
  • Forecasting, monitoring and reporting of credit risk exposure.
  • Produce key reports and insights on LBG GI exposure, analysing large sets of data ensuring these are understood and validated.
  • Develop and maintain an in-depth level of technical knowledge of LBG GI products.
  • Extract and manipulate data using SAS and assist in maintaining and monitoring departmental databases.
  • Support the development of our risk appetite and exposure management processes, to enhance and improve efficiencies, and mitigate risks.

About Us:

We're part of the Insurance, Pensions & Investments division at Lloyds Bank plc and have a dynamic team with responsibility for developing the GI reinsurance strategy, risk appetite, design, and placement of the GI Reinsurance protections; whilst building excellent relationships with our Reinsurer Partners and Brokers.

Salary:£60,000 - £80,000 per annum

Benefits:

  • A generous pension contribution of up to 15%
  • An annual performance-related bonus
  • Share schemes including free shares
  • Benefits you can adapt to your lifestyle, such as discounted shopping
  • 28 days' holiday, with bank holidays on top
  • A range of wellbeing initiatives and generous parental leave policies

Requirements:

  • Commercial awareness - Experience and understanding of the UK home insurance market, the reinsurance market and industry environment.
  • Strong analytical, data extraction, numeracy and proactive problem-solving skills, attention to detail and accuracy.
  • Demonstrate statistical techniques, ability and use of analytical statistical software such as SAS/SQL or R.
  • Experience using QGIS or Power BI / Tableau preferred.
  • Excellent knowledge of Microsoft Excel and good knowledge of PowerPoint and other Microsoft Office applications.
  • Ability to communicate, collaborate and influence effectively at senior levels and with a wide range of teams internally, and within the reinsurance community.
  • Good organisational and prioritisation skills to meet business timescales; and the ability to work successfully without constant supervision and management oversight.


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