Catastrophe Modelling

4 weeks ago

Mangalore, India EliteRecruitments Full time

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

Location: Gurgaon

Experience Required: 4-12 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 4 years’ experience in risk/business/data analytics related to P&C insurance, reinsurance, or insurance-linked securities.