CAT Modeling Analyst

DESCRIPTION

The Risk Modeling Analyst plays an important role in monitoring, assessing and quantifying the financial impact of potential and actual catastrophic events arising from insurance coverages in force or under consideration. The CDA utilizes data modeling and risk management skills to assist Underwriting and Risk Management in the evaluation and management of individual and aggregated property and liability exposures. The analyst employs catastrophe modeling tools to build, validate and maintain catastrophe exposure data. They will also develop management reports and assist as needed with other risk management activities.

COMPENSATION PLAN

Competitive compensation plan and benefits package is available. Detail will be discussed during the interview.

POSITION SUMMARY

• Reviewing and validating the integrity of property exposure data as part of pre-binding modeling activities.
• Supporting requests from underwriters during the quote process to assess, evaluate and price submissions with potential catastrophe exposures through the use of catastrophe models and risk accumulation tools.
• Enhancing and automating workflows so as to build a unified and consistent data collection mart.
• Supporting Actuarial and Underwriting in providing catastrophe risk reporting to support accumulation management and property reinsurance programs.
• Employing catastrophe risk modeling and geo-spatial tools to perform analyses at the account and portfolio level to generate exposure reports and assist the business units in managing property exposures.
• Working with IT to ensure data uniformity within the catastrophe risk modeling and rate making processes.
• Utilizing planning and problem-solving skills to enhance Risk Management's modeling and data management capabilities.
• Communicating results from catastrophe modeling and risk analyses to Enterprise Risk Management and Underwriting.
• Other duties, as required.

KNOWLEDGE, SKILLS & EDUCATION

• Proficiency with Microsoft Excel, Word and SQL.
• Excellent analytical skills.
• The ability to be accurate and detail-oriented with data modeling.
• The ability to work well under time pressures.
• The ability to work well with other team members.
• Good written and verbal communication skills.
• Bachelor's degree from an accredited college/university in statistics, mathematics, actuarial science, data science, economics, risk management or finance.
• Experience with QGIS and/or related GIS tools.
• Experience with RiskLink and/or Touchstone Catastrophe modeling.