Insurance Portfolio Analyst
1 week ago
About the Role
2coms seeks an experienced Insurance Portfolio Analyst to join our team in a dynamic and fast-paced environment.
Job Summary
We are looking for a highly skilled individual with a strong background in risk and insurance to assist in implementing underwriting strategies, providing technical assistance, and preparing quotations and reviews.
Responsibilities
Assist in growing the business by improving risk appetite and selection;
Provide technical support with risk assessment and prepare quotations and reviews;
Review applications for coverage and make recommendations on a case-by-case basis;
Provide technical knowledge to junior staff members and offer coaching towards analytic underwriting reviews and decision-making;
Analyze special cases and provide Underwriting Manager with a preview of the cases;
Prepare underwriting files for reinsurers/reinsurance brokers and settle on appropriate placements;
Monitor and generate renewal lists based on customer profiles and claims status;
Liaise with the Claims department when reviewing terms for clients with adverse loss ratios;
Maintain set KPIs to ensure continuity within underwriting operations;
Conduct portfolio analysis based on market trends and claim experiences;
Prepare reinsurance apportionment on a PML basis for approval by the Underwriting Manager;
Extract data from company software to produce statistical reports;
Assist in reviewing pricing structures and monitor/preparing loss ratios for each line of business;
Review and update internal Policy Administration System (Front and Backend) regarding underwriting parameters;
Prepare reports for clients in our book for analysis purposes and decision-making;
Prepare non-renewal/cancellation letters based on client claim experiences;
Requirements
A minimum degree holder in Risk and Insurance;
Proficiency in Statistical software;
Minimum of 5 years of experience in related fields;
What We Offer
An opportunity to work in a dynamic and fast-paced environment where you can learn, grow, and make a real impact;
Continuing training and development opportunities to enhance your skills and knowledge ensuring your professional growth;
$85,000 - $120,000 per annum depending on location and experience.
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