Catastrophe Modeller (Entry Level)
London, United Kingdom
004097
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
Schedule
Full Time Permanent
Job type
Graduate
Workplace
In Office
Your Responsibilities
Lockton Re helps businesses understand, mitigate, and capitalise on risk. We’re pushing the reinsurance industry forward with smarter solutions that leverage new technologies - delivered by people empowered to do what’s right for clients growing to a headcount of around 600 associates globally across 24 locations.
We’re the reinsurance group of Lockton Companies, the world's largest privately-held insurance broker. Fierce independence frees us to deliver an exceptional client service experience, unencumbered by pressure from financial markets, geographical divides or silos, or conflict of interest between organisational goals and our clients’ needs.
As a part of its continued growth, and in line with the principle of being ‘born digital’, we are looking to expand our London Catastrophe Modelling team by opening a new entry-level position. Based in our London office, you will quickly learn the fundamentals of catastrophe modelling using a variety of models, datasets, and software.
The role will have an initial focus on modelling earthquake risk in Turkey, but with opportunities to model a range of perils and lines of business across all global regions. We pride ourselves on our collaborative approach to work, both within the Catastrophe Modelling team and with our Actuarial colleagues.
We also work closely with colleagues across the Broking teams, which span Direct, Facultative and Treaty Property; Retrocession; Marine, Energy, and other Specialty lines. Beyond this, you will have the opportunity to work on model evaluation, event response, mapping and research projects.
Role responsibilities will include:
- Prepare client exposure data for import into catastrophe modelling software, including Moody’s RMS and Verisk AIR
- Use modelling software to generate loss results and provide effective catastrophe analysis to support business growth by identifying areas of risk and opportunity
- Produce detailed reports for clients, presenting exposure and loss metrics, including year-on-year and inter-model comparisons
- Engage with clients through email and meetings to communicate results, provide insights, and address queries
- Proactively share knowledge in catastrophe-related areas, support learning initiatives, and foster collaboration within the department
Qualifications
We are looking for individuals who can demonstrate the following competencies:
Essential:
- Interest in (re)insurance, and the importance of understanding and modelling the risks posed by catastrophic events to insured portfolios
- Ability to pick up new software with an independent, problem-solving mentality
- Comfortable use of Microsoft Office applications (Excel, PowerPoint, Word, Outlook)
- Ability to understand clients’ business needs and expectations
- Ability to produce reports and presentation materials which clearly explain necessary detail to clients, reinsurers and other associates
- Ability to manage workload and work to strict deadlines
- High degree of mathematical competence
Highly valued:
- Advanced use of Excel (complex formulae, pivot tables, large data, graphs/charts)
- SQL or other programming experience
Geospatial information systems (GIS) experience - Presentation skills, for delivery of analytics outputs to brokers and clients
- Ability to build and maintain excellent business relationships with clients, reinsurers, and associates
This is an excellent opportunity to begin your Catastrophe Modelling career. working in a dynamic, collaborative and entrepreneurial environment. You will benefit from professional development support, and opportunities to work in a team of diverse skill-sets and expertise.
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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