Reinsurance Analyst

at  Relm Insurance

The Reinsurance Analyst will be responsible for supporting the Reinsurance team with Relm’s Inwards and Outwards Reinsurance strategies, as well as providing support for Relm’s alternative reinsurance strategies.
This role will require a solution-oriented individual who approaches problems not just analytically, but also creatively and enthusiastically. Relm is a growing organisation that relies on collaboration across our different departments and functions, the ideal candidate must be comfortable interacting effectively with other departments in a professional and efficient manner.

REQUIREMENTS

• Excellent mathematical and analytical skills
• Exceptional organizational skills to handle multiple projects and ability to work independently
• Ability to adjust priorities and tasks based on business needs
• Strong oral, written and interpersonal communication skills
• Data analysis experience using either Python or R
• Proficiency with Microsoft Office suite of products including Excel, Outlook, Teams, Word and PowerPoint
• Must possess ability to express ideas effectively and persuasively and produce error free written documents
• Ability and willingness to work with others in all departments in an effective and efficient manner to accomplish team and company goals and objectives
• Successful completion of degree in Actuarial Science, Economics, Finance, Risk Management, Mathematics or some form of Quantitative degree

PREFERRED REQUIREMENTS:

• Demonstrated reinsurance underwriting/actuarial acumen, evidenced by at least 2 years of industry experience
• Partly Qualified / Nearly Qualified Actuary and working towards Actuarial Qualification
• Ability to analyse and interpret insurance and reinsurance contracts
• Knowledge of policy terms and criteria for the application of reinsurance treaties and facultative certificates

PHYSICAL REQUIREMENTS

• Must be able to work Full time, 40 hours per week from Monday through Friday.
• In-office position based in London, with future potential to relocate to another Relm office (Bermuda, Miami, New York) subject on business requirements
• Travel as required

WHAT YOU WILL DO

• Reinsurance pricing analysis of individual new and renewal Inwards Reinsurance Accounts
• Engage with reinsurance broker partners on new and renewal business submissions
• Monitor individual performance of existing bound Inwards transactions quarterly
• Profitability analysis and monitoring of whole Relm Re Inwards portfolio (AvE, portfolio management modelling, etc.)
• Support the build-out of reporting MI tools to deliver accurate and timely Inwards portfolio data and analytics to internal and external partners (management, board, reinsurers)
• Effectively communicate complex analytics in a digestible format to internal stakeholders
• Work with senior members of the team to identify the most optimal use of RELM reinsurance capacity, deployed via treaty and facultative opportunities; fronted business, program business, traditional cedants and captives; commutations/novations and loss portfolio transfers
• Participate in new product development initiatives, alternative reinsurance solutions

IN THIS ROLE YOU WILL:

• Support data preparation and analysis for Relm’s reinsurance submission
• Perform statistical optimization analysis on Relm’s Insurance portfolio, ensuring our reinsurance strategy (and alternative risk transfer solutions) support the overall business strategy and goals
• Facilitate or participate in quantitative actuarial profitability and impact analyses, across all lines of business
• Develop an understanding of catastrophe modelling concepts (to the extent applicable for Relm’s portfolio)
• Assist in maintaining updated contract documentation and reinsurance bordereaux for external partners and distribute appropriately