Genpact | Inviting Applications for Reinsurance CAT Modeling Role
4 hours ago
With a startup spirit and 115,000+ curious and courageous minds, we have the expertise to go deep with the world’s biggest brands – and we have fun doing it. We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We’re harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people. Now, we’re calling upon the thinkers and doers, those with a natural curiosity and a hunger to keep learning, keep growing. People who thrive on fearlessly experimenting, seizing opportunities, and pushing boundaries to turn our vision into reality. And as you help us create a better world, we will help you build your own intellectual firepower.
In this role, you will be using client data to model exposures and analyzing result data using RMS\AIR software and generate insights for better risk assessment.
Understanding and applying layer structures.
Responsibilities
- Focus on providing pricing support for the UW teams within Reinsurance. To achieve the desired level of support, requests will be completed in a professional and accurate manner.
- Assess data quality and make any necessary assumptions for modelling Process detailed and aggregate level data in both RMS and AIR cat models including the application of inuring treaties within the vendor models.
- Import cat model data from the vendor models into a DFA platform and understand the impact of applying the view of risk.
- Model financial terms in the DFA platform in order to provide a modelled price for the UWs for a given risk.
- Provide a thorough review of the modelling results which will include but is not limited to; changes in exposure, changes in model version, changes in model settings, changes in inurings, changes in financial structure.
- Generate insights that enables better risk management based on knowledge of client data .
- Communicate results and issues with onshore modelling and UW teams throughout the pricing process.
- Provide support during portfolio rollup in the form of portfolio aggregation, audit checking or other assisting with other workstreams.
- Provide support for project work. Examples of which may be sensitivity testing of cat models, model version change analytics, ad-hoc requests.
Experience
Minimum Experience
- Graduate
- Knowledge of RiskLink\AIR and Cat models in general
- Understanding of reinsurance terms, treaty structures and how it works in an insurance industry
- Proficiency in MS Excel
- SQL, VBA knowledge is an added advantage
- Ability to deliver time bound tasks
- Ability to handle the work pressure
- Work as a great teammate & highly motivated with problem solving skills
Preferred Experience
- Working knowledge of RMS\AIR interface and back tables
- Understanding of reinsurance theory and the Lloyds market
- Excellent analytical ability and ability to showcase examples of diligence
- High speed of execution
- Excellent Interpersonal skills
- Evidence of working with large data sets
- Knowledge of Python, R, GIS software
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com. Follow us on Twitter, Facebook, LinkedIn, and YouTube.
Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.
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Noida, India Genpact Full timeWith a startup spirit and 115,000+ curious and courageous minds, we have the expertise to go deep with the world’s biggest brands – and we have fun doing it. We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We’re harnessing the power of technology and humanity to create...
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Noida, India Genpact Full timeWith a startup spirit and 115,000+ curious and courageous minds, we have the expertise to go deep with the world’s biggest brands – and we have fun doing it. We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We’re harnessing the power of technology and humanity to create...
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