Catastrophe Modeler

  • 35765
  • Non-Life - CAT Modeling
  • |
  • Florida, United States
  • |
  • Sep 4, 2019
  • |
  • Spanish
Insurance
RESPONSIBILITIES
  • Support businesses in Cat Modeling related duties.
  • Collecting information from Latin America portfolios, feeding into a catastrophe model, interpreting results, providing guidance to underwriters about the likelihood of the risks occurring and the estimated losses that the insurer will have to pay.
  • Train underwriters in the use of Risk Brower and Risk Link and make presentations to management, reinsurers and new employees, educating them on how to interpret catastrophe modeling data.
  • Forecasting changes in catastrophe exposure and supporting underwriting leaders in all areas of measurement and control of catastrophe risk;
  • Developing and managing tools to support catastrophe modeling processes and assisting with the pricing of individual accounts.
  • Providing modeling information to support reporting, business channel roll up and corporate reporting.
  • Monitoring adherence to capacity allocations against catastrophe modeling metrics.
  • Assessing gross and net losses from deterministic disaster scenarios.
  • Providing subject matter expertise to underwriting leaders in forecasting changes in catastrophe exposure and supporting all areas of the measurement and control of catastrophe risk.
  • Managing budgeted resources by anticipating expenditures accurately, forecasting resource needs/costs and properly accounting for expenses to meet requirements and achieve fiscal responsibility.
  • Position requires occasional international travel.
QUALIFICATIONS
  • Bachelor’s degree, or foreign equivalent, in Mathematics or related field of study, plus 3 years of experience in the job offered, or as a Catastrophe Modeler, Junior Catastrophe Modeler, Catastrophe Modeling Analyst, or similar position.
  • 3 years with each of the following:
  • Catastrophe modeling using RMS catastrophe modeling software.
  • Analyzing gross and net expected losses from both deterministic and stochastic disaster scenarios.
  • Calculating Exceedance Probability, Return Period Loss, Annual Average Loss, Probable Maximum Loss, and Coefficient of Variation metrics from loss data output generated by catastrophe models.
  • Reporting on loss data metrics generated from catastrophe models for use in claims assessments.
  • Underwriting strategy development, and analysis of risk transfer to reinsurance companies.
  • Monitoring adherence to capacity allocations against actual gross and net Probable Maximum Losses.
  • Developing pivot tables and macros in Microsoft Excel.
  • Querying and maintaining relational databases using SQL.
  • Advising non-technical audience on catastrophe modeling assumptions and results.
  • Providing guidance to business decision-makers on catastrophe exposure drivers and exposure optimization.
  • Must have 2 years of experience developing and managing catastrophe modeling tools to enhance accuracy in the pricing of individual accounts in a Latin American insurance portfolio.
  • Must also have experience with extracting and manipulating data, running analyses, and interpreting results for different countries in Latin America.