Catastrophe Modelling

1 week ago


Gurgaon, 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.
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