CAT Modeling Referrals

3 weeks ago

Gurgaon, Haryana, India WNS Global Services Full time
Job Description

WNS is hiring CAT Modeling professionals for a global reinsurance client across below mentioned skill-mix. Kindly refer to the job description mentioned against the desired skill-mix. 

1. Portfolio Modeling

2. Regulatory Reporting

3. Model Validation

4. Technical Solution (SQL Query)

JOB DESCRIPTIONS:

1. Portfolio Modeling


• Good understanding Cat Modeling process and workflows


• Run vendor catastrophe modeling platforms (primarily RMS, AIR, Elements) for insureds and perform portfolio risk analyses.


• Working knowledge of RMS model scope across worldwide peril-regions regarding sub-perils, amplification, etc. along with basic understanding of cat-modelling four-box principle concerning exposure, hazard, vulnerability modules and translation of insurance and (re)insurance financial terms through coding in RMS and SQL.


• Assist clients in the understanding of catastrophe risk of individual insured through analytics based on catastrophe model results.


• Provide analytical support to catastrophe modeling team operations by sharing knowledge and information
• Develop processes and scripts for process improvements


• Provide timely and frequent feedback to team members.


• Preparing MIS reports


• Training and mentoring of team members inducted in the pricing process.


• Assisting in monthly post bind and portfolio rollup activities.


• Ensure all SLAs are met
• Communication with onshore SPOCs at regular intervals.

2. Regulatory Reporting

Role and Responsibilities

  • Good understanding Cat Modeling process and workflows.
  • Run vendor catastrophe modeling platforms (primarily RMS, AIR, Elements) including accumulation analysis for reporting needs, whenever required
  • Thorough knowledge of RMS EDM-RDM schema
  • Ability to understand the requirements of regulatory submissions and further deliver them accordingly
  • Understanding of RDS scenarios of Lloyds including Non-Modelled scenarios as well
  • Working knowledge regulatory reports like LCM, RDS Scenarios, Terror Accumulations & reporting.
  • Working knowledge of any other regulatory reports.
  • Working knowledge of RMS model scope across worldwide peril-regions regarding sub-perils, amplification, etc. along with basic understanding of cat-modelling four-box principle concerning exposure, hazard, vulnerability modules and translation of insurance and (re)insurance financial terms.
  • Provide analytical support to catastrophe modeling team operations by sharing knowledge and information
  • Develop processes and scripts for process improvements
  • Assisting in portfolio rollup activities.
  • Ensure all SLAs are met
  • Communication with onshore SPOCs at regular intervals.

3. Model Validation:

:
• Perform model validation and provide recommendations on model use and/or required adjustments.


• Work with internal teams and external data providers on analysis, utilising available data including scientific information, claims and insured exposure


• Contribute to and lead Group projects as required, liaising with other teams globally.


• Produce customised reports on exposure and modelled results.


• Evaluate re/insurance pricing for individual accounts and product classes.


• Analyse catastrophe reinsurance structures and strategies to support reinsurance placements.


• Assist with the analysis of real time events and identify learnings from post-event reviews.


• Strong analytical and numerical ability, in order to interrogate large datasets


• Experience of working with re/insurance catastrophe data and/or catastrophe modelling software


• Excellent written and verbal communication skills, and the ability to explain technical concepts clearly


• Intermediate/Advanced Excel skills


• Pro-active attitude to identifying inefficient processes and developing improvements

Desirable Requirements


• Knowledge of commercial insurance and/or the catastrophe modelling industry


• Sound working knowledge of RMS/AIR and any other vendor modelling platforms


• Coding experience in a relevant language (e.g. SQL, VBA, R, C#)
• Experience in using mapping software (e.g. GIS)

4. Technical Solution (SQL query):

  • Catastrophe Modelling Analyst in the Accumulation Management department, working with the Technical Solutions team
  • The Technical Solutions team is focused on developing customized in-house tools and databases for the Accumulation Management team, to streamline processes and organize data in an efficient manner
  • Technical role with large potential for growth in responsibilities
  • Develop an understanding of existing Catastrophe Modelling processes, licensed software, and the various in-house tools used to automate processes
  • Maintain existing Accumulation Management tools. Debug errors in the code when users experience issues
  • Assist users with technical questions. Explain how tools work and deliver training sessions when required
  • Test new functionality prior to launch to ensure that tools are working as intended
  • Support team to design and develop new tools to automate processes. Update user guides when needed
  • Work with colleagues around the globe on ad-hoc projects
Qualifications

 Bachelor's Degree in Mathematics/ Applied Mathematics/ Statistics/ Operations Research/ Actuarial Science

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