Catastrophe Risk Analyst with Actuarial Skills Looking for a
sharp, analytical team player to join our team as a
Catastrophe Risk Analyst . Utilize creative analytics to quantify
the company's exposure to catastrophe risk, primarily focusing on
earthquake, flood, and hurricane risk. If you have a background in
actuary and want to utilize your actuarial skills in a different
way, then apply today!
PURPOSE OF THE JOB
The purpose of this job is to utilize creative analytics to
quantify the company’s exposure to catastrophe risk, primarily
focusing on earthquake, flood, and hurricane risk. This position
exists to develop tools and applications that enhance underwriting
expertise and deliver higher profitability for the company.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Quantifies the company’s exposure to catastrophe risk.
Tracks and manages back-end catastrophe risk portfolio
aggregations, data quality, and modeled loss estimates.
Acts as liaison between catastrophe model vendors, company IT
staff, and company Underwriting staff during the installation and
upgrading of catastrophe model software.
Provides estimates to Finance Department and management
regarding financial rating agency capital requirements and current
company catastrophe risk profile.
Presents necessary actuarial support documentation for state
regulatory rate filings.
Researches catastrophe-related non-modeled risks and attempts to
mathematically quantify those risks.
Provides reports and strategic analyses.
Provides monthly and ad-hoc reports to management regarding the
current catastrophe risk portfolio, including catastrophe
reinsurance pro formas.
Provides reinsurance brokers with portfolio data captures of
catastrophe risk exposures for the purpose of reinsurance pricing
and rating agency report generation.
Reviews Underwriting policy language and catastrophe reinsurance
treaties to verify that data is being accurately entered into, and
proper loss estimates are being created by, the catastrophe model
Analyzes Underwriting workflow and makes suggestions for
improvement, especially as it pertains to catastrophe modeling.
Formulates tools for mitigating risk.
Formulates suggestions for underwriting guidelines that will
appropriately mitigate the company’s exposure to those risks.
Provides suggestions to management in the event that the company
is considering entering a new catastrophe-risk-related line of
business or geographic region.
Makes suggestions to management on appropriate catastrophe
modeling software upgrades and purchases.
Trains incoming staff as needed.
Provides training materials, documentation, and suggestions to
Underwriting staff concerning catastrophe models as needed.
Keeps apprised of upgrades and advances in the catastrophe
This role does not have supervisory responsibilities.
EDUCATION AND EXPERIENCE
Bachelor's degree from four-year college or university;
area/field, or related degree preferred. Minimum 3 years of
applicable experience; or equivalent combination of education and
CERTIFICATES, LICENSES, REGISTRATIONS
Certified Catastrophe Risk Analyst (CCRA) designation and/or AIR
Institute Certification preferred. Also, not required, but valuable
to have knowledge gained from INS 21-23 (certificate in general
Insurance) and Casualty Actuarial Society (CAS) exams.
KNOWLEDGE AND SKILLS
Intermediate skills in Microsoft Word. Intermediate to Advanced
skills in Microsoft Excel and MS Access. Visual Basic for
Applications (VBA) or similar computer programming skills
preferred. Experience using MS SQL Query Analyzer and Enterprise
Manager preferred. Experience using at least one of the major
catastrophe modeling software products at a portfolio management
level (e.g.: RiskLink, CLASIC/2, WORLDCATenterprise).
Office environment – no specific or unusual physical or
environmental demands and employees are regularly required to sit,
walk, stand, talk, and hear.
This position maps to the Individual Contributor level.
Additional competencies required: Learning Agility, Technology
Savvy, Problem Solving & Decision Making, Creativity, and Business
This position operates in an office environment and requires the
frequent use of a computer, telephone, copier, and other standard
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