Insurance Risk Analyst, Convex Group
£35k
+ Annual Performance Bonus
Property and casualty insurance company
Open for applications
Property and casualty insurance company
501-1000 employees
Open for applications
£35k
+ Annual Performance Bonus
501-1000 employees
Company mission
To underwrite insurance and reinsurance for complex specialty risks.
Role
Who you are
- We are looking for an individual who can take initiative, enjoys working with others and has solid interpersonal skills
- The top candidates will bring new ideas to the team, always be looking to learn and will help drive the vision of Convex and the Risk team
- Undergraduate or Masters degree in a statistical or numerical based subject (e.g. Actuarial, Economics, Physics, etc..)
- A desire to qualify as an Actuary at Convex (full support given)
- Ability to communicate effectively with a technical and non-technical audience, both verbally and in writing
- Enjoys working in a team on a variety of topics and projects
- Naturally curious with an interest in topics that directly impact Convex and the market we operate in
- Genuine interest in using data and technology to improve processes and decision-making. Coding experience is a great addition but not required
What the job involves
- Convex is looking for the next graduate to join our Risk Management Team as we build the (re)insurance company of the future
- The key aim of the team is to provide insightful, independent advisory to the business areas and ensure that risk is being taken in line with Convex’s strategy and values
- The Risk Function comprises of three pillars: Financial and Market Risk, Insurance Risk and Enterprise Risk Management (ERM)
- While the successful candidate will be focused on Insurance Risk, the team works as a Group function with collaboration across all pillars as well as direct exposure and collaboration with first line functions
- Support independent opinions on strategic decisions
- Work with Underwriting, Exposure Management, Capital Modelling, Ceded Re and Actuarial teams on deep-dives to enhance risk mitigation controls
- Review and enhance Insurance Risk Appetite Statements
- Produce Key Risk Indicators for Management Reports
- Develop and coordinate stress, scenario and sensitivity tests
- Support the framework for managing emerging risks by lines of business
- Analyse the results of Risk & Control Assessments
- Manage risk incidents and underwriting breaches
- Support Internal Model Validation
- Support regulatory reporting such as annual ORSAs and GSSA and ad-hoc regulatory requests
- Design and build analytical tools and dashboards in collaboration with Data Engineers and BI Developers
Application process
- Application Deadline: January 06, 2026
- Your Convex Pitch - CV & Application
- Capture Your Convex Ambition - Video Submission
- Let's Talk - Virtual Interview
- The Final Sprint - Assessment Day
- Ready, Set, Convex! - Offer
Salary benchmarks
Our take
Convex Group is a speciality insurer and reinsurer that was established in 2019. Unlike traditional insurance companies, Convex specialises in underwriting complex and non-standard risks, providing coverage across a wide range of lines of business such as property, casualty, marine, energy, aerospace, and speciality lines.
What sets Convex apart is its utilisation of advanced analytics, technical expertise, and risk management capabilities. By leveraging these strengths, Convex crafts tailor-made insurance and reinsurance solutions that precisely address the specific needs of each client. Its global presence enables the company to serve a diverse range of clients while maintaining a strong focus on building enduring relationships through a focus on customer care.
With an A.M. Best rating of A- (excellent), Convex has earned recognition for its customer service and dedication to meeting the unique requirements of its clients. By prioritising client satisfaction and customising solutions, Convex has positioned itself as a reputable player in the industry, providing reliable coverage for the most challenging risks.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance Medical Cover
- Life Assurance Cover
- Annual Health Check
- Group Income Protection
- 3 days of Volunteer Leave each year
- 10 days of help with care (elder/ childcare) through Bright Horizons
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Company HQ
Hamilton, Pembroke Parish
Leadership
Paul Brand
(Founder & CEO)Over 36 years of experience in the insurance industry. They previously worked as Chief Underwriting Officer at Catlin and served as the Chairman at XL Catlin.
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