Senior ERM Analyst

  • 37171
  • Non-Life - CAT Modeling
  • |
  • Connecticut, United States
  • |
  • Apr 8, 2020
  • Responsible for the Group catastrophe roll-up ReMetrica simulation model, including:
  • Updating gross catastrophe exposures in the roll-up model for all of the Group’s operating units.
  • Updating catastrophe reinsurance in the roll-up model.
  • Ensuring new catastrophe reinsurance structures are appropriately modelled.
  • Assessment of the Group’s catastrophe reinsurance needs, provide insights into the effectiveness of a range of different possible structures in fulfilling these needs in a cost effective manner, and allocation of Group cat reinsurance technical costs to operating companies.
  • Discussion of analysis and results with senior management in corporate including corporate segment EVPs, and SVP - ceded reinsurance.
  • Assisting in the assessment of cyber risk in the Group’s insurance products, including assessment of exposures, scenario modeling and cyber catastrophe modeling.
  • Assisting in the assessment of climate risk in the Group’s insurance products, investment portfolio, and from an operational risk perspective.
  • Collating and analyzing data and industry information to monitor risk.
  • Peer review/update and enhance the Group required capital projection model, including the integration of appropriate stress scenarios.
  • Peer review/update the Group capital allocation model and required capital model.
  • Undertake ad hoc risk/reward reviews to support specific strategic decisions.
  • Improve existing and develop new capital stress scenarios; develop processes to allow these scenarios to be assessed in a more efficient and timely manner.
  • Creating and presenting analyses and reports on specific key risk areas for the Group’s senior management.
  • Produce ERM reports for rating agencies, and review terrorism and catastrophe reports.
  • Support our international companies in their ERM reporting.
  • Assist with/produce internal ERM reports and presentations for the company ERM committee, Presidents’ meetings and Board meetings.
  • Assist with the production of, and improvements, to the Group ORSA report.
  • Work closely with individual operating companies on specific risk related projects.
  • Experience with a simulation environment, such as ReMetrica or Igloo.
  • 5+ years commercial lines re/insurance experience, ERM experience an advantage.
  • STEM/Actuarial undergraduate degree.
  • Ability to develop analysis approaches proportionate to the materiality of each risk, and to clearly describe the key assumptions and approximations within that analysis.
  • Track record of planning, implementing and documenting work in a methodical and timely manner.
  • Strong project management, organizational and documentation skills.
  • Strong interpersonal skills, ability to develop relationships with remote operating companies.
  • Enthusiastic, proactive and enquiring personality.
  • Strong verbal and written communication skills - must be able to express ERM concepts in a way that can be understood by a wide range of insurance and reinsurance practitioners.