Graduate Analyst - Credit & Financial Risk Reinsurance

Key facts

What you bring

• A university degree in finance, actuarial science, economics, mathematics, physics, or a related field.
• Strong programming and analytical skills, ideally including Python and/or R.
• A genuine interest in credit risk, structured reinsurance, and portfolio analytics.
• Expert knowledge in stochastic calculus, Monte-Carlo simulations and practical application of such.
• Fluent in English; German language skills strongly preferred.
• Willingness to travel as required.

Your tasks

• Build, maintain, and enhance quantitative models to support the structuring and pricing of credit reinsurance transactions.
• Conduct in-depth analysis and review of portfolio credit and significant risk transfer (SRT) transactions, including data validation, cash flow modelling, and scenario/stress testing.
• Support the preparation of client-facing analytical outputs, presentations, and transaction submissions, ensuring accuracy and completeness.
• Collaborate with brokers and account handlers to translate analytical findings into client solutions and structuring recommendations.
• Assist with the collection, cleaning, and interpretation of underlying portfolio data (loan-level, obligor-level, or aggregated) provided by clients and cedents.
• Maintain accurate and up-to-date records of transaction analytics, pricing assumptions, and models on company systems.

What they offer

• A career with defined personal development opportunities in areas such as volunteering, fundraising, or creating new insurance products.
• Support for work-life balance, including flexible hours and hybrid working where possible.
• Commitment to diversity and inclusion, treating colleagues, candidates, clients, and business partners with equality, fairness, and respect regardless of background.
• Reasonable adjustments for office setups, software, IT, and other accommodations.
• A sustainability promise focused on positive impact in business and society.
• The role offers a path to grow into a client-facing broker/actuary position with increasing responsibilities.

About the role

Howden is a global reinsurance broker with 26,000 employees in over 100 countries. Howden Re is a market-leading specialist Credit & Financial Risk reinsurance broking team with a worldwide mandate. The team focuses on innovation, collaboration, and bespoke solutions for clients in the reinsurance and strategic advisory space. The role is part of a vibrant entrepreneurial culture prioritising ownership, shared success, and direct impact on the mission to be the global partner of choice in reinsurance.

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