Catastrophe Modeler

  • 33092
  • Non-Life - CAT Modeling
  • |
  • Minnesota, United States
  • |
  • Nov 15, 2017
Reinsurance
RESPONSIBILITIES
  • Provide basic supervision to Catastrophe Analysts in the gathering and preparation of property exposure data for assigned client projects.
  • Assess the data quality and make necessary assumptions for modeling; analyze changes in exposure and the associated impact of cat model results.
  • Model the probability distributions of the gross/ceded/net results using AIR, EQE, RMS and other vendor cat models in conjunction with the Analytics proprietary software.
  • Perform basic analysis how the distribution of results and relevant risk measures change as a result of application of various proposed reinsurance alternative; report on analysis to brokers and clients.
  • Demonstrate basic understanding the product lines and the global and regional industry conditions to identify significant considerations that insurers should address in designing their programs.
  • Supervise entry level staff and provide coaching and training on technical aspects of the job.
  • Manage expenses, time, services, etc. in order to maximize the profits.
  • Respond to client queries and concerns, resolving issues promptly.
  • Respond to client requests for information, coordinating with other departments, as necessary.
  • Establish and maintain strong relationships with clients, colleagues and Marsh.
  • Document all external correspondence and telephone conversations in accordance with the procedures, including where appropriate, the Professional Standards guidelines minimizing the potential for errors and omissions.
  • Update management on issues, progress, etc., regularly and upon request.
  • Perform other job-related duties as assigned.
QUALIFICATIONS
  • Bachelor's Degree plus 2 to 5 years relevant experience in cat modeling.
  • Technical expertise in AIR, RMS, and/or EQE vendor cat models, reinsurance terms and conditions, and data management including statistical plans and policy or exposure data warehousing; with risk management and property underwriting expertise preferred.
  • Thorough knowledge of insurance/reinsurance concepts and terms for developing and placing reinsurance programs.
  • Strong interpersonal skills for establishing and maintaining good client, reinsurer and internal relationships.
  • Strong verbal and writing skills for complex communications (presentations, negotiations, etc.) with clients, and the colleagues at many levels.
  • Strong ability to prioritize workload according to volume, urgency, etc.
  • Strong ability to find creative solutions to new problems, as they arise.
  • Strong ability to be organized and pay attention to detail.
  • Strong computer skills for using Microsoft Office (Excel, Word, PowerPoint) and Lotus Notes.
  • Strong ability to maintain compliance with professional standards, where applicable, as well as company-wide quality initiatives.
  • Strong ability to address client needs by accessing and organizing resources.
  • Strong ability to manage clients and help them address issues proactively.
  • Strong ability to understand clients' business industry.
  • Strong ability to work as part of a team to support clients' needs.
  • Strong ability to handle significant workflow through efficient time management.
  • Strong ability to challenge appropriately - supports case with facts and information.
  • Strong ability to seek ways to streamline and improve current processes.
  • Strong ability to assist in and play a role in client presentations.
  • Strong ability to demonstrate commitment to clients and helps them address issues proactively.
  • Strong ability to demonstrate skills at identifying and solving potential problems in their specialty and -develops solutions.
  • Strong ability to assist to achieve new/expanded business.
  • Strong knowledge of world reinsurance markets to comprehend wide range of products necessary to address insurer’s needs.
  • Strong ability to contribute to talent recruitment and development.
  • Ability to travel (including internationally), entertain, and attend meetings, up to 30% of the time.