Catastrophe Modeler

  • 32915
  • Non-Life - CAT Modeling
  • |
  • Illinois, United States
  • |
  • Sep 28, 2017
Insurance Organization
RESPONSIBILITIES
  • Calculate catastrophe exposure for all business segments and/or perils within responsibility assigned.
  • Validates data received from business segments and interprets best fit for catastrophe modeling, while seeking to improve data quality within the business units and/or seeking of additional fields which could improve the modeling process.
  • Contribute to business plans and pricing strategies.
  • Supports key aspects of portfolio management, including analysis to monitor profitability and growth of assigned business segment and/or peril.
  • May lead projects for research, experience studies and other statistical analyses.
  • Reports and communicates peril accumulations to business segment and/or senior management in the frequency required.
  • Provide consolidated views for local regulatory authorities as required.
  • Lead and participate in catastrophe management initiatives for business units and/or segments as needs arise.
  • Provides support for development of rates, rating plans, and pricing strategies.
  • Influence the development and implementation of strategies involving catastrophic pricing and the optimization of capital.
  • Assists group risk management and reinsurance.
  • Demonstrates specialized knowledge and expertise in products and industry and leads projects to develop technical standards and obtains objectives.
  • Support underwriters and account executive on pricing decision, as needed.
QUALIFICATIONS
  • Bachelor’s Degree in Finance or quantitative discipline in, but not limited to Statistics, Mathematics, Meteorology Natural Sciences and 3 or more years of experience in the Catastrophe Modeling area Or Master’s degree in Financial or quantitative discipline in, but not limited to Statistics, Mathematics, Meteorology or Natural Sciences with 1 or more years of experience in the Catastrophe Modeling area Or PhD in Financial or quantitative discipline, in but not limited to Statistics, Mathematics, Meteorology or Natural Sciences with 0 or more years of experience in the Catastrophe Modeling area.
  • Programming experience.
  • Experience with catastrophe models such as AIR, RMS and EQE.
  • Insurance and/or Reinsurance industry experience.
  • Experience with data mining, manipulation and analysis.
  • Knowledge of data visualization.
  • Knowledge of mapping software.
  • Analytical and problem solving skills.
  • Experience collaborating across functional business groups.
  • Strong presentation, verbal and written communication skills.
  • CPCU, ARM/Are.