Catastrophe Analyst

  • 33303
  • Non-Life - CAT Modeling
  • |
  • New York, United States
  • |
  • Feb 6, 2018
Reinsurance
RESPONSIBILITIES
  • Gather and prepare 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 Global Analytics proprietary software.
  • Analyze how the distribution of results and relevant risk measures change as a result of application of various proposed reinsurance alternatives; report on analysis to brokers and clients.
  • Identify significant considerations that insurers should address in designing their programs.
  • Address insurer’s financial needs. Knowledge of world reinsurance markets to comprehend wide range of products necessary to address insurer’s financial needs.
  • Manage expenses, time, services, etc. in order to maximize profits.
  • Respond to client queries and concerns, resolving issues promptly.
  • Update management on issues, progress, etc, regularly and upon request.
  • Provide active coaching and day to day supervision to newly hired employees (Catastrophe Analyst I) on Analytics tools, methods, and procedures.
  • Perform other job-related duties as assigned.
QUALIFICATIONS
  • BA/BS in Natural Sciences, Engineering, Insurance or Economics plus 0 - 3 years of reinsurance and/or insurance industry experience, ideally with relevant experience/exposure in cat modeling.
  • Must have 5 years of reinsurance and/or insurance industry experience including 2-3 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.
  • Membership in IDMA, CPCU, etc. and/or advanced degree in IT or an actuarial background is desirable (i.e. BS in Mathematics).
  • Exposure to 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.
  • Knowledge of world reinsurance markets to comprehend wide range of products necessary to address insurers’ financial needs.
  • Good interpersonal skills for establishing and maintaining client and internal relationships.
  • Excellent verbal and writing skills for complex communications with clients, markets and colleagues at many levels.
  • Ability to prioritize significant workload according to volume, urgency, etc.
  • Strong computer skills for using Microsoft Office (Excel, Word, PowerPoint) and Outlook.
  • Ability to maintain compliance with professional standards, where applicable, as well as company-wide quality initiatives.