What are the responsibilities and job description for the Risk Analyst position at RenaissanceRe?
RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.
Our global team shares a passion for solving our customers' biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.
About RenaissanceRe
For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We're experts in Property, Casualty, Specialty, Cyber and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com). RenaissanceRe currently has openings in analyst roles in Casualty, Property, and Specialty Underwriting / Analytics in various locations throughout the world.
About the Analyst Role
We believe in an apprenticeship model at RenaissanceRe and have a track record of identifying high potential early-career talent and setting them up for success. Our collaborative model thrives on empowering people strategically and tactically. As an Analyst, you will learn by working side-by-side with our underwriters, gaining hands-on experience to develop your understanding of how to make decisions, build client relationships, and manage deals from start to finish. You'll also work closely with internal partners who enable our success, including actuaries, risk analysts, applied researchers, IT, operations, finance, and business development. We're investing in you beyond your first role with us and are committed to your career development & portfolio, whether that's along the Underwriting track or into an adjacent space like Risk or Analytics.
Key Responsibilities
- Provide analysis and pricing support to underwriters
- Extract modelling data for deal and portfolio analyses using third-party and proprietary models, tools, and systems; interpret and challenge model results
- Develop an understanding of broker and client dynamics through regular interactions and meetings to develop understanding of drivers and motivations at play in the negotiation
- Provide data review and modelling for insurance, assumed and retrocession deals in appropriate jurisdictions
- Support the underwriting process, from initial broker contact to providing inputs to underwriters on transactions to servicing post-transaction client requests (jurisdiction dependent)
- Evaluate and implement new risk models and changes to current risk models
- Assist in the completion of regulator or other stakeholder required exposure management reports and presentations
Candidate Qualifications :
We believe that meeting these requirements will position you for success in the role. However, if you fulfill most - but not all - of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn. At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenaissanceRe's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic / civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
The full-time base salary range for this position is $80,000-$90,000 per year; base salary offered may vary based on job-related knowledge, skills, and experience. The position is eligible for bonus and a comprehensive benefits package. This information is provided per the New York City Human Rights Law and applies only to positions in New York City.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.
We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
Salary : $80,000 - $90,000
