Alternative Risk Transfer (ART) & Captive Solutions Analyst

Who are we?

Howden is a global insurance group with employee ownership at its heart. Together, we have pushed the boundaries of insurance. We are united by a shared passion and no-limits mindset, and our strength lies in our ability to collaborate as a powerful international team comprised of 24,000 employees spanning over 56 countries.

People join Howden for many different reasons, but they stay for the same one: our culture. It’s what sets us apart, and the reason our employees have been turning down headhunters for years. Whatever your priorities – work / life balance, career progression, sustainability, volunteering – you’ll find like-minded people driving change at Howden.

Role: Alternative Risk Transfer (ART) & Captive Solutions Analyst

Who Are We?

Howden is a global insurance group with employee ownership at its heart. We help clients navigate risk in an increasingly complex world through innovative insurance, risk management, and capital solutions. Our collaborative culture, entrepreneurial mindset, and commitment to client advocacy enable us to deliver differentiated outcomes for organizations across a wide range of industries.

Position Summary

The Alternative Risk Transfer (ART) & Captive Analyst will support the design, analysis, implementation, and ongoing optimization of captive insurance programs and other alternative risk financing solutions for clients. This role is ideal for an analytically minded professional interested in the intersection of insurance, finance, actuarial analysis, and risk management.

Working closely with brokers, consultants, actuaries, captive managers, underwriters, and clients, the Analyst will assist in evaluating risk financing alternatives, conducting financial analyses, preparing client deliverables, and supporting captive feasibility studies.

Key Responsibilities

Captive & Alternative Risk Analysis

• Support captive feasibility studies, including loss data analysis, financial modeling, and benchmarking.

• Assist in evaluating existing captive programs and identifying optimization opportunities.

• Analyze client loss history, exposure data, and program structures to support alternative risk financing recommendations.

• Prepare financial comparisons between traditional insurance placements and alternative risk transfer solutions.

Financial Modeling & Data Analytics

• Build and maintain financial models to evaluate captive performance and potential returns.

• Analyze underwriting results, claims trends, retained risk costs, and total cost of risk.

• Support actuarial reviews and interpretation of loss projections.

• Develop dashboards, reports, and presentations that translate complex data into actionable insights.

Client & Market Support

• Assist in the preparation of client presentations, proposals, and renewal strategies.

• Coordinate with captive managers, fronting carriers, reinsurers, and other service providers.

• Research market trends, captive domiciles, and emerging alternative risk solutions.

• Participate in client meetings and support project execution.

Program Implementation & Administration

• Support the implementation of new captive programs.

• Assist with documentation, governance requirements, and project management activities.

• Coordinate data collection and information requests across internal and external stakeholders.

• Monitor program results and assist with stewardship reporting.

Qualifications:

Required

• Bachelor's degree in Risk Management, Finance, Economics, Accounting, Mathematics, Statistics, Actuarial Science, Business Administration, or a related field.

• Strong analytical and quantitative skills.

• Advanced proficiency in Excel, including financial modeling and data analysis.

• Excellent written and verbal communication skills.

• Strong organizational skills and attention to detail.

• Ability to manage multiple projects in a fast-paced environment.

Preferred

• 5-8 years of experience in insurance brokerage, risk consulting, actuarial analysis, finance, accounting, captive management, or a related field.

• Exposure to captive insurance, alternative risk transfer, self-insurance, or reinsurance concepts.

• Familiarity with Power BI, Tableau, SQL, Python, or other analytical tools.

• Progress toward or interest in professional designations such as ARM, CPCU, ARe, or actuarial credentials.

What We're Looking For

Successful candidates will demonstrate:

• Intellectual curiosity and a strong desire to learn complex risk financing concepts.

• Critical thinking and problem-solving abilities.

• Strong collaboration and relationship-building skills.

• Comfort working with large data sets and financial information.

• Interest in insurance innovation, alternative risk financing, and capital management strategies.

Compensation and Benefits

The expected base salary range for this role is $170,000 - $180,000; actual base salary will be determined based on factors including candidate experience and work location. This role is classified as exempt under the Fair Labor Standards Act (FLSA).

In addition to a competitive base salary, employees are eligible to receive a discretionary bonus. Howden also offers a variety of benefits and programs, subject to eligibility, including:

• Medical, dental, and vision insurance, including healthcare savings and reimbursement accounts

• 401(k) retirement plan

• Flexible Paid Time Off and paid parental leave

• Life and Disability insurance

Our sustainability promise

We’re on a life-long journey to become an ever-more sustainable group. It's a commitment to taking care of our people and the world we live in, to doing good business, and to making a positive impact wherever we can. Our governance processes, company policies, and review systems are all geared towards our goal of making a positive impact in the world. You can read more about our sustainability work here.

What do we offer in return?

A career that you define. At Howden, we value diversity – there is no one Howden type. Instead, we’re looking for individuals who share the same values as us:

• Our successes have all come from someone brave enough to try something new

• We support each other in the small everyday moments and the bigger challenges

• We are determined to make a positive difference at work and beyond

Reasonable adjustments

We're committed to providing reasonable accommodations at Howden to ensure that our positions align well with your needs.  Besides the usual adjustments such as software, IT, and office setups, we can also accommodate other changes such as flexible hours* or hybrid working*.

If you're excited by this role but have some doubts about whether it’s the right fit for you, send us your application – if your profile fits the role’s criteria, we will be in touch to assist in helping to get you set up with any reasonable adjustments you may require.

*Not all positions can accommodate changes to working hours or locations. Reach out to your Recruitment Partner if you want to know more.