Junior Parametric Underwriter

Junior Parametric Underwriter (London)

Full Time (100%) / London

Overview

Join our Underwriting team as a Junior Parametric Underwriter and help shape the future of climate and natural catastrophe risk transfer. In this role, you will support the underwriting, structuring, pricing and execution of parametric insurance and reinsurance transactions globally, working closely with Business Development and Risk Modelling.

You Are

You are a quantitatively minded junior underwriter. You enjoy working with data, models and uncertainty while also collaborating effectively across technical and commercial teams. You bring business acumen, intellectual curiosity and a desire to help build both a portfolio and an underwriting platform that can scale sustainably over time.

Your Responsibilities

- Support the UW team in coordinating the execution from A to Z of new transactions, renewals and monitoring of in force transactions.

- Support the UW team in the qualitative and quantitative assessment, pricing and underwriting of parametric insurance and reinsurance transactions

- Support the structuring, designing and evaluating parametric triggers and payout mechanisms suitable for the client’s needs

- Help to analyse catastrophe model outputs, climate datasets, hazard information and exposure data with support to R&D and open to contribute to product development.

- Support the team to develop a diversified and sustainable portfolio of parametric risks

- Support the development of side projects contributing to further robustness, efficiency and transparency of the underwriting work, such as underwriting tools, pricing frameworks, accumulation monitoring tools and claims monitoring capabilities.

You Have

- 0 - 2 years of experience in underwriting in the related NatCat, weather and Agri field.

- Fluency in English; additional languages are an advantage.

- A UK work permit.

- Technical understanding of weather/catastrophe risk assessment

- Analytic background

- Interest in developing underwriting tools, analytical frameworks and operational processes.

- Solid communication and stakeholder management skills.

- Strong Programming capability in Python, R, SQL and Familiarity with geospatial analytics tools is advantageous

- Familiarity with REST API and macOS nice to have

- Experience with Agentic AI and PowerBI is a plus.

We Offer

- Privat healthcare & pension scheme

- Hybrid working model considered

- 25 days annual leave, plus official bank holidays

- Career development and training budget

The Underwriting Team

The Underwriting team is responsible for the assessment, structuring, pricing and portfolio management of parametric climate and natural catastrophe risks globally through our different investment vehicles (Natural Disaster Fund, Corporate MGAs) and their varied mandates and risk appetite. Working closely with the Business Development and R&D teams, the Underwriting function ensures innovative risk transfer solutions are commercially attractive, technically robust and aligned with portfolio objectives of our partners.

The position is based in London (Lloyds Building), with international travel for business development, client management, partner meetings, and conferences.

About Celsius Pro Group

We are the Celsius Pro Group , dedicated to helping both private and public organisations to understand and mitigate the financial impact of climate and NatCat risks. As the challenges posed by climate change intensify, our mission is to bring parametric insurance from the fringes to centre stage.

With Global Parametrics, we expand our disaster risk management response capabilities by incorporating the risk capacity of the Natural Disaster Fund (NDF), a public-private partnership with capital committed by UK and German government agencies and backed by Hannover Re.

Through CelsiusPro , an award-winning Insurtech, we develop cutting-edge technology for managing parametric insurance. We collaborate with public and private sector clients in designing and structuring tailored parametric solutions combining risk management, data science, and risk modelling.

Our corporate culture thrives on core values of simplicity, sincerity, courage, and tenacity. We invite you to join us on this journey.

We are an equal opportunity employer and value diversity at our company. We offer a dynamic and international working environment linking climate change risks, index insurance, and reinsurance. CelsiusPro consists of a data-driven, pragmatic, motivated, and talented team.