Risk Analyst
Cayman First Insurance, Cayman Islands

ABOUT US

‘First’ is more than our name, it’s our nature. Cayman First is an industry-leading Property amp; Casualty insurer delivering best-in-class products and services to respond to the changing needs of individuals, households and businesses. Through our carefully selected network of agents and brokers, we provide protection for our customers today and prepare them for a brighter tomorrow. In June 2022, global credit rating agency AM Best affirmed the A- (Excellent) Financial Strength Rating of Cayman First Insurance and affiliate Bahamas First General Insurance. The outlook of these ratings is stable. The outlook of our credit ratings has also been deemed as stable. Our consistent rating demonstrates the long-term financial stability of the company and the larger group we are a part of.

PURPOSE OF JOB

As a Risk Analyst, you will be responsible for obtaining and analyzing account-specific information and prepare information for pricing. Review group insurance submission information and issue quote letters. Coordinate the renewal and new business process. Build, analyze and maintain pricing and models.

At Cayman First Insurance, we offer a supportive environment that encourages collaboration fosters professional growth.

JOB RESPONSIBILITIES

• Maintain submission information for new business and renewals. Screen and gather analysis documentation needed.
• Request additional information from broker/direct client and follow up on outstanding information.
• Process necessary documentation to broker.
• Analyze renewal data.
• Maintain up-to-date information in underwriting systems and risk files.
• Approve and provide health insurance quotes for individual applications and groups.
• Provide health insurance quotes for groups based on quote census.
• Build, analyze and maintain pricing models.
• Create and analyze BI reports.
• Perform other duties and responsibilities that may be assigned from time to time.
• Take on additional tasks and responsibilities as assigned.

Requirements

• Bachelor’s degree in Mathematics or related field.
• Professional certification in life or health insurance, through LOMA or HIA desirable.
• Strong analytical, communication, multi-tasking and organizational skills.
• Strong written, verbal and phone communication skills
• Knowledge of underwriting principles and process
• Understands how to access and utilize and analyze necessary reference materials
• Knowledge of existing systems
• Knowledge of policy forms and documentation
• Advanced Microsoft Excel skills with proficiency in Microsoft suite.

Benefits

Cayman First offers a competitive compensation package with eligibility for a discretionary bonus, subsidized health insurance for employees and dependents, preferred home and motor insurance, a great company culture and work life balance. Compensation will be commensurate with experience and qualifications.

Job Rewards and Benefits