CAT Manager

  • 37845
  • Non-Life - CAT Modeling
  • |
  • Florida, United States
  • |
  • Jul 30, 2020
  • |
  • Spanish
Insurance
RESPONSIBILITIES
  • Must coordinate with Global IT the creation and/or amendment of any Risk Browser user who might be new to the system or might be presenting problems with its access.
  • Must train all the underwriters in the use of the tool and give them all the confidence so they can use it by themselves. On account and on portfolio level.
  • Must coordinate also the problems the tool might be presenting either due to user errors or global system errors.
  • Must handle the databases from Risk Browser and on a daily basis move those DB to Risk Link application.
  • On account or portfolio level, the manager must review the accounts over certain limit in exposure and confirm that the information included is correct. Also must calculate the price adequacy of that account or accounts and the impact in the portfolio.
  • Once the whole accounts of a country or unit had been revised, the CAT Manager must create the report and split it by LOB and/or Region.
  • Must compare for most accounts the price both systems show and take note about the main differences in order to review the assumptions for each one.
  • Should provide information on all the results these functions show in order to make underwriting accurate.
  • Must help underwriters understand how an account should be better entered in RB application according to the LOB they belong.
  • Must run the Roll Up process on a quarterly/monthly basis and generate the reports for each branch and LOB.
  • Must generate the Terrorism peril information and send the according EDM.
  • Must participate and send to the information about the region in order to allocate the corresponding reinsurance cost in the branches.
  • Must work in sending the required information and test if the new software has a good performance on the Region.
  • When required by any branch PBI manager or underwriter, the CAT Manager must model PBI accounts, be it as portfolios or single accounts, using assumptions given by them, so the data quality is correct.
  • Must price different accounts by zones or by any clusters the underwriters are willing to. For that to be done, some assumptions must be made so the price for that part of the portfolio is correct.
  • Must travel if needed to any of the branches in the region to train or reinforce the knowledge of underwriters in any of the models they use and also helping them have all the accounts entered in Risk Browser properly.
QUALIFICATIONS
  • Broad understanding of the overall business, and insurance industry, administration and external market environment.
  • Solid knowledge of IT/Processes.
  • Broad knowledge of all insurance products plus knowledge of competitor activity, future initiatives and international trends.
  • Engineering/Finance/Business degree.
  • At 10 years’ insurance industry experience.
  • Spanish and English.
  • Must have demonstrated organizational skills through past management experience.
  • Expert knowledge of risk management, insurance principles and practices.
  • Ability to lead, plan and manage change.
  • Solid working knowledge of budgeting, sales, business development and strategic planning.
  • Ability to generate respect and trust from staff.
  • Ability to work with all levels of management and across business units and departments.
  • Broad understanding of all key areas of the organization.
  • Have a strong presence and able to interact effectively with, President and senior management.
  • Keen and effective team player.
  • Ability to analyze and interpret large volumes of data.
  • Creative problem solving.
  • Ability to understand and interpret financial information and principles.