Catastrophe Modeler II

  • 35845
  • Non-Life - CAT Modeling
  • |
  • Illinois, United States
  • |
  • Sep 17, 2019
Insurance
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.
  • Participate in 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.
  • 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.
  • Support the development and implementation of strategies involving catastrophic pricing and the optimization of capital.
  • Assists group risk management and reinsurance.
  • 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 AND
  • Programming experience.
  • Experience with leading vendor models such as AIR, RMS or equivalent.
  • Insurance and/or Reinsurance industry experience.
  • Professional designations such as ARM/ARe, Actuarial Exams.
  • Experience with data mining, manipulation and analysis.
  • Knowledge of data visualization tools and mapping software.
  • Strong presentation, verbal and written communication skills.
  • Typically, one or more years of related industry or academic experience.
  • Technical skills in programming in a higher programming language and database skills are desirable.
  • Ability to work within a team physically located in different geographies.
  • Ability to work with large datasets.
  • Strong Analytical and problem-solving skills.
  • Highly committed individual with strong interpersonal, communication, networking skills and a consultative mindset.