Catastrophe Modelling Engineer
3 months ago
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.
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