Catastrophe Modelling Engineer

3 months ago


Gurugram, India Elite recruitments Full time

About the job

Hiring Catastrophe Modeler with one of our client in Portfolio/Reinsurance Treaty domain

Location : Hybrid (Preferred : Gurgaon, but Bangalore is also an option)

Experience Required : 3-9 years

Job Description :

Role and Responsibilities :

- Deep understanding of catastrophe modeling processes and workflows.

- Operate vendor catastrophe modeling platforms (primarily RMS, AIR, Elements) for insureds and conduct portfolio risk analyses.

- Proficient in RMS model scope across global peril-regions, including sub-perils and amplification, with a fundamental grasp of the four-box principle (exposure, hazard, vulnerability modules) and translation of insurance and reinsurance financial terms through RMS coding and SQL.

- Expertise in catastrophe modeling, data quality, and pricing within the Commercial Property sector.

- Knowledgeable in various treaty programs and reinsurance business mechanisms and workflows.

- Advanced skills with RMS's RiskLink platform and other vendor models.

- Experience with accumulation management and regulatory reporting, including portfolio roll-up, quarterly catastrophe reporting, RDS, LCM, and Outwards Reinsurance.

- Provide analytical support and share knowledge within the catastrophe modeling team.

- Use technical expertise to resolve modeling and risk issues to meet business requirements.

- Assist on complex projects through collaboration with peers.

- Develop and refine processes and scripts for improvements.

- Test new model versions and document results.

- Manage work allocation and provide timely feedback to team members.

- Prepare MIS reports and handle portfolio roll-up and post-bind activities.

- Ensure adherence to SLAs.

- Analyze information logically to resolve work-related issues.

- Communicate regularly with onshore SPOCs.

Qualifications :

Preferred Skills :

- Strong knowledge of Insurance and Catastrophe Modeling.

- Proficiency with RMS RiskLink and AIR Touchstone.

- Solid working knowledge of MS Office (Word, Excel, Access) and SQL.

- Excellent communication skills.

- Effective team management abilities.

Additional Information :

- Bachelor's or Master's degree in BE/B.Tech, MBA in Finance/Insurance/Operations Research, or a Master's in Mathematics/Statistics/Operations Research/Economics from a top-tier university.

- Minimum of 3 years' experience in risk/business/data analytics related to P&C insurance, reinsurance, or insurance-linked securities.

(ref:hirist.tech)

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