CAT Modeling Analyst II
UFG Insurance · Cedar Rapids, IA · 2 wk ago
RemoteRemoteFinanceFull-time
About the role
The Catastrophe Modeling Analyst will work with UFG's growing team to analyze property data and determine the company's view of catastrophe risk. Key responsibilities include:
- Preparing catastrophe modeling data from various sources
- Modeling the data using catastrophe models
- Communicating outcomes and providing recommendations to senior management
- Developing pricing, ratemaking, and exposure management strategies
- Interpreting modeling outputs for growth and rate-making
- Preparing analytical reports on portfolio and risk concentrations
- Assessing catastrophe risk from both direct and assumed business
- Performing scenario modeling to analyze the impact of growth or reduction
- Supporting improvements efforts to increase consistency, efficiency, and compliance
- Staying updated with the evolving catastrophe modeling industry
- Effectively communicating information and results to various stakeholders
Responsibilities
- Gather and improve data accuracy and completeness for catastrophe modeling
- Analyze risks for data quality and completeness
- Provide recommendations to enhance decision-making
- Run analyses using proprietary catastrophe models like RMS
- Generate outputs to analyze loss results and assess risks
- Support underwriting and actuarial teams in understanding portfolio and risks
- Prepare analytical reports to understand the portfolio and risk concentrations
- Assess catastrophe risk from both direct and assumed business
- Perform scenario modeling to analyze the impact of growth or reduction
- Support improvements efforts to increase consistency, efficiency, and compliance
- Stay updated with the evolving catastrophe modeling industry
- Compute potential losses for real-time catastrophic events and inform senior management
Requirements
Essential qualifications include:
- Bachelor’s degree in Mathematics, Data Science, Statistics, Computer Science, or related field
- Possession or working towards CCRA, CEEM, and/or ARe certification
- 6+ years of catastrophe modeling experience
Qualifications
Preferred qualifications include:
- Bachelor of Science degree in Mathematics, Data Science, Statistics, Computer Science, or related field
- A minor concentration or additional degree in Meteorology
Skills
- Advanced proficiency with Excel, PowerPoint, SQL, and Tableau
- Advanced analytical, technical, problem-solving, time management, critical thinking, and project execution skills
- Strong verbal and written communication skills, including collaboration with multi-disciplinary groups and all organizational levels
- Able to work independently and in a team environment
- Strong knowledge of catastrophe modeling software such as RMS and AIR
Benefits
N/A
Pay
N/A
Schedule
N/A