Catastrophe Management Lead

  • 38830
  • Non-Life - CAT Modeling
  • |
  • Illinois, United States
  • |
  • Jan 8, 2021
Insurance
RESPONSIBILITIES
  • Allocate resources appropriately.
  • Supervise portfolio risk roll-up over a wide variety of products, analyze and validate results.
  • Relate mathematical catastrophe models to the real world and provide guidance to senior management that translates results to actionable items.
  • Provide and communicate catastrophe loss and exposure estimates and related reporting to internal and external customers in a timely manner.
  • Support the presentation of results of our catastrophe exposure and loss analyses in the Quarterly Catastrophe Management Report and ad hoc meetings.
  • Collaborate with underwriters, Product Line Leadership and management to support and sustain profitable organizational growth by providing effective catastrophe analysis that identifies profitable areas to target and highlights unprofitable areas as well as monitoring key catastrophe statistics and advising management of possible issues.
  • Utilize available data to effectively apportion catastrophe capacity and access existing products to determine if they add profitable growth to the organization.
  • Evaluate new business opportunities and potential acquisitions providing input to senior management.
  • Collaborate regularly with related departments, including Actuarial, Risk Management, Reinsurance Administration and Regional Catastrophe Departments, to increase efficiency and achieve objectives through open communication.
  • Proactively share knowledge in related areas, fostering collaboration both internal and external to the department.
  • Provide career planning and performance feedback to ensure proper staff development by coaching, motivating and building bench strength.
  • Communicate effectively and ensure team has been adequately updated on matters relating to workflow or procedural changes.
QUALIFICATIONS
  • Bachelor of Arts/Bachelor of Science in a related quantitative field required
  • 7+ years of work experience as a catastrophe modeler/analyst or in a related position within the insurance/reinsurance field with knowledge of commercial catastrophe models (RMS/AIR) and data management tools is preferred
  • Experience with simulation tools such as MetaRisk, ReMetrica or Igloo preferred
  • Candidates with exposure to cyber risk modeling will be at the top of the list
  • Strong experience with SQL Query is a plus, as is intermediate/advanced knowledge of VBA
  • Professional programming experience would be a strong plus
  • Thorough experience utilizing MS Excel to analyze data and present information in a user-friendly format
  • Ability to apply and interpret advanced mathematical, economical, and statistical concepts
  • Creative problem solver who is detail-oriented and possesses exceptional organization and analytical skills
  • Ability to manage and prioritize multiple tasks and consistently meet deadlines
  • Strong written and oral communication skills
  • Ability to maintain working relationships with other departments and function in an unstructured environment
  • Open and enthusiastic to learning new software and exploring new and different ways of analyzing catastrophe risk