Catastrophe Analyst

CRC Group • Prior Lake, MN

1d

About The Position

Center of competency for AmRisc CAT modeling. Monitor and regularly audit portfolio data and model results. Develop and implement portfolio optimization strategies and tools. Support business with new products, ideas and implementation of new/updated CAT Modeling technologies and methodologies. ESSENTIAL DUTIES AND RESPONSIBILITIES Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. 1. "Management of Change" - Apply Vendor model changes to portfolio to monitor effects, control modeling variations. Conduct "change management" analyses. Develop monitoring, approval and implementation processes for model changes. 2. Work with IT to implement model changes and test as needed to ensure accuracy of changes in the production environment. 3. Consult with the model vendors as needed to ensure AmRisc's model usage and results are accurate and up-to-date at all times. 4. Review new software tools from various vendors for applicability, suitability and usability to integrate into AmRisc processes. 5. Interact with carriers and prospective carriers as they conduct data and modeling analyses, audits, etc. 6. Support Analytics manager and Chief Market Officer in efforts to secure new capacity from carrier partners. 7. Be responsible for specific projects for senior management.

Requirements

• Bachelor's degree required in related field or equivalent education and related training
• Five years of experience in use of Catastrophe Models (RMS, AIR, CoreLogic, etc.)
• Experience in Loss Prevention, Property Underwriting, HPR Underwriting, E&S or Catastrophe Underwriting or Reinsurance
• Thorough knowledge/use of computers in communication, spreadsheet analysis, databases and vendor CAT models (AIR, RMS, etc.)
• Use of property insurance rating models that incorporate all risk methodology with model outputs for complete property insurance evaluations including prior development of modeling technology, rating methodology, meteorological analysis, incorporation of earth sciences, and/or statistical evaluation
• Experience in preparation of catastrophe or related presentations, publications or participation in vendor or industry catastrophe conference sessions, round-table discussions, etc
• Good written and verbal communication skills
• Ability to travel, including attending vendor and insurance industry conferences as well as possible visits with brokers and insureds
• Ability to work extended hours when necessary
• Normal environment; no unusual physical demands

Nice To Haves

• Master's degree in related field

Responsibilities

• Apply Vendor model changes to portfolio to monitor effects, control modeling variations.
• Conduct "change management" analyses.
• Develop monitoring, approval and implementation processes for model changes.
• Work with IT to implement model changes and test as needed to ensure accuracy of changes in the production environment.
• Consult with the model vendors as needed to ensure AmRisc's model usage and results are accurate and up-to-date at all times.
• Review new software tools from various vendors for applicability, suitability and usability to integrate into AmRisc processes.
• Interact with carriers and prospective carriers as they conduct data and modeling analyses, audits, etc.
• Support Analytics manager and Chief Market Officer in efforts to secure new capacity from carrier partners.
• Be responsible for specific projects for senior management.

Benefits

• Eligible full-time teammates enjoy access to medical, dental, vision, life, disability, and AD&D insurance; tax-advantaged savings accounts; and a 401(k) plan with company match.
• CRC Group also offers generous paid time off programs, including company holidays, vacation and sick days, new parent leave, and more.
• Eligible positions may also qualify for restricted stock units and/or a deferred compensation plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level