Sr Catastrophe Analyst

About the role

This position, working closely with the Manager, Aggregation Analysis and the Manager(s), Natural Hazards Peril Underwriting, and other unit members, is responsible for the coordination of activities surrounding the management and advanced operation of natural hazards simulation models.

Responsibilities

• Direct oversight for data accumulation, quality, integrity and coordination, as well as hands-on operation of these computer applications, taking advantage of their most complex features.
• Provide technical guidance, including training as needed, to Methods Analysts who directly oversee creation and editing of model input files.
• Collaborate with I.S. resources to assure that corporate data sources accurately reflect needed information and that downloads reflect data warehouse contents.
• Identify the key parameters that impact projected results and collaborate with managers to select those that best typify our book of business.
• Demonstrate proficiency in all aspects of model utilization on an ongoing basis.
• Interact with catastrophe model vendors and reinsurance brokers to assure optimal software operation and generation of seamless outputs for use by others.
• Produce reports on a regular and on an as-needed basis to support All-Risk Underwriting personnel in their job functions.
• Recognize and troubleshoot erroneous results.
• Establish and conduct vetting processes that assure the most reliable results.
• Provide exposure analysis to various other units, such as the Reinsurance Department and Departmental Management.
• Conduct “what-if” analyses to determine the impact of various underwriting changes.
• In collaboration with Research, assure an understanding of model revisions, the impact to measured results and recommend actions to adjust company procedures as appropriate.
• Identify trends in our changing exposure, highlight them to managers, and implement process modifications to adapt to them.
• Develop and deliver jurisdictional reporting as needed in a timely manner (e.g., California Department of Insurance and Canadian, Australian government exposure reporting).

Requirements

• Bachelor's Degree (preferably a B.S.)
• 10 years of computer experience along with underwriting and/or catastrophe analysis experience.

Qualifications

• Proficiency in all aspects of model utilization on an ongoing basis.
• Technical guidance and training capabilities.
• Collaboration with Information Systems resources.
• Identification and selection of key parameters impacting projected results.
• Recognition and troubleshooting of erroneous results.
• Establishment and execution of vetting processes.
• Exposure analysis and “what-if” analyses.
• Understanding and implementation of model revisions and process modifications.
• Development and delivery of jurisdictional reporting.

Skills

• Model Utilization Proficiency
• Technical Guidance and Training
• Data Source Accuracy
• Parameter Selection
• Error Recognition and Troubleshooting
• Vetting Processes Establishment
• Exposure Analysis
• “What-if” Analyses
• Model Revisions Understanding
• Process Modifications Implementation
• Jurisdictional Reporting Development and Delivery

Benefits

• FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k), career development opportunities, tuition reimbursement, flexible work, time off allowances, and much more!

Pay

The final salary offer will vary based on geographic location, individual education, skills, and experience.

Schedule

N/A