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Catastrophe Risk Analyst

Location Madrid, Spain Job type Full-Time Work mode Hybrid Job level Professional Job ID 14751 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Claims & Underwriting
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About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.  

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.  

Please see our website for more information.

Catastrophe Risk Analyst

We are currently looking for a Catastrophe Risk Analyst to be based in Madrid on a full-time basis, reporting into the Head of Exposure Management

To provide exposure management and catastrophe risk analytical support to the Exposure Management and Underwriting teams, delivering high-quality risk insights to support underwriting and portfolio management decisions. The role is responsible for the collection, assessment, analysis and reporting of exposure management information, including both regular reporting and ad hoc analytical support for the Syndicate and its international distribution network.

The position will play a key role in establishing and developing an Exposure Management capability in Spain to support the growth of Munich Re Specialty Global Markets across Europe. Working within a developing function, the successful candidate will help shape processes, operating models and analytical capabilities while partnering with senior underwriting and risk stakeholders to support future regional growth.

Responsibilities:

  • Analyse and manage large and complex datasets, utilising catastrophe and accumulation modelling tools to assess, quantify and communicate catastrophe and accumulation risk across the portfolio.
  • Support the development and enhancement of data ingestion, transformation and quality control processes to improve the efficiency and accuracy of catastrophe modelling workflows.
  • Interpret, synthesise and present catastrophe model outputs to underwriting teams, including analysis of portfolio changes, model movements and key risk drivers.
  • Operate catastrophe modelling platforms and interrogate exposure and results databases using SQL and other analytical tools.
  • Contribute to the continuous improvement of Exposure Management practices through process optimisation, automation and the development of new analytical capabilities.
  • Support the design and implementation of operational workflows, controls and governance processes for the European Exposure Management function.
  • Assist the Head of Exposure Management in building and developing a high-performing Exposure Management team to support future regional growth.
  • Develop innovative analytical solutions to help underwriting teams better understand, quantify and manage catastrophe risk.
  • Assess and monitor exposures throughout the underwriting lifecycle, from data receipt and validation through to modelling, analysis and reporting.
  • Support post-event analytics and loss estimation activities for both natural and non-natural catastrophe events.
  • Assist in the validation, benchmarking and review of third-party catastrophe models and associated modelling assumptions.

Knowledge and Skills

  • 2+ years' experience in a catastrophe risk, exposure management, actuarial or related analytical role.
  • Degree in a quantitative, scientific or hazard-related discipline, such as Mathematics, Statistics, Engineering, Computer Science, Physics, Meteorology, Seismology, Atmospheric Science, Geography or Environmental Science. Equivalent industry experience will also be considered.
  • Highly adaptable and comfortable working in a fast-paced, evolving environment, with the ability to take ownership, establish new processes and contribute to the development of a growing function.
  • Strong analytical and data manipulation skills, with the ability to interpret and communicate complex datasets and modelling results.
  • Experience with catastrophe modelling platforms, preferably Moody's RMS solutions, including RiskLink, Risk Modeller, IRP, UWIQ and/or EIQ.
  • Experience with alternative catastrophe modelling platforms would be advantageous.
  • Familiarity with local reporting requirements and catastrophe risk management frameworks is desirable.
  • Experience supporting catastrophe event response activities, hazard monitoring and post-event reporting.
  • Proficiency in SQL and Microsoft Excel; experience with Python, R, Power BI or similar analytical or programming tools would be beneficial.
  • Degree in a quantitative, scientific or hazard-related discipline, such as Mathematics, Statistics, Engineering, Computer Science, Physics, Meteorology, Seismology, Atmospheric Science, Geography or Environmental Science. Equivalent industry experience will also be considered.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact! 

#BePresent #BeBold #BeCurious

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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