Catastrophe Risk Analyst

  • 37183
  • Non-Life - CAT Modeling
  • |
  • California, United States
  • |
  • Apr 13, 2020
Insurance
RESPONSIBILITIES
  • Quantifies the company’s exposure to catastrophe risk.
  • Tracks and manages back-end catastrophe risk portfolio aggregations, data quality, and modeled loss estimates.
  • Acts as liaison between catastrophe model vendors, company IT staff, and company Underwriting staff during the installation and upgrading of catastrophe model software.
  • Provides estimates to Finance Department and management regarding financial rating agency capital requirements and current company catastrophe risk profile.
  • Presents necessary actuarial support documentation for state regulatory rate filings.
  • Researches catastrophe-related non-modeled risks and attempts to mathematically quantify those risks.
  • Provides reports and strategic analyses.
  • Provides monthly and ad-hoc reports to management regarding the current catastrophe risk portfolio, including catastrophe reinsurance pro formas.
  • Provides reinsurance brokers with portfolio data captures of catastrophe risk exposures for the purpose of reinsurance pricing and rating agency report generation.
  • Analyzes potential assumed catastrophe-risk-related portfolios as needed.
  • Reviews Underwriting policy language and catastrophe reinsurance treaties to verify that data is being accurately entered into, and proper loss estimates are being created by, the catastrophe model software.
  • Analyzes Underwriting workflow and makes suggestions for improvement, especially as it pertains to catastrophe modeling.
  • Formulates tools for mitigating risk.
  • Formulates suggestions for underwriting guidelines that will appropriately mitigate the company’s exposure to those risks.
  • Provides suggestions to management in the event that the company is considering entering a new catastrophe-risk-related line of business or geographic region.
  • Makes suggestions to management on appropriate catastrophe modeling software upgrades and purchases.
  • Trains incoming staff as needed.
  • Provides training materials, documentation, and suggestions to Underwriting staff concerning catastrophe models as needed.
  • Keeps apprised of upgrades and advances in the catastrophe modeling industry.
QUALIFICATIONS
  • Bachelor's degree from four-year college or university; area/field, or related degree preferred.
  • Minimum 3 years of applicable experience; or equivalent combination of education and experience.
  • Certified Catastrophe Risk Analyst designation and/or AIR Institute Certification preferred.
  • Not required, but valuable to have knowledge gained from INS 21-23 and Casualty Actuarial Society exams.
  • Intermediate skills in Microsoft Word.
  • Intermediate to Advanced skills in Microsoft Excel and MS Access.
  • Visual Basic for Applications or similar computer programming skills preferred.
  • Experience using MS SQL Query Analyzer and Enterprise Manager preferred.
  • Experience using at least one of the major catastrophe modeling software products at a portfolio management level.