Catastrophe Portfolio Modeling Manager – North America

AIG • Atlanta, GA

1d • Onsite

About The Position

The North American Catastrophe Risk Management team is responsible for catastrophe modelling and portfolio exposure management for AIG’s North American Insurance businesses. Effective Catastrophe Management is integral to the success of the business and our catastrophe modelers play a critical role in managing our global risk appetite. Day to day pricing and portfolio roll-up is carried out at our Centre of Excellence (CoE) in Bangalore, India. The North American Catastrophe Risk Management team is part of a wider Global Catastrophe Analytics team with individuals located across the US, and in London and Singapore. The primary responsibility for the individual in this role is to lead the Catastrophe Portfolio modelling for select North America Commercial and Specialty Property business underwritten. The role requires a technically proficient catastrophe modeler with experience building strong relationships with underwriters and underwriting portfolio managers. The role requires core competencies in catastrophe portfolio modelling whilst also providing the chance to get involved in wider analytics strategies including business planning, portfolio optimization, and technical tool development.

Requirements

• Bachelor’s degree in an analytical field (e.g., Mathematics, Statistics, Finance, etc.)
• 7+ Years of catastrophe portfolio modelling experience, preferably using RMS and/or AIR.
• Excellent analytical and problem solving skills.
• A strong understanding of property insurance and reinsurance.
• Experience using reinsurance modelling software such as Metarisk, Remetrica, Igloo, or others similar tools
• In-depth knowledge of catastrophe models including their numerical methods, and science
• Excellent SQL skills and an understanding of RMS back-end schema
• Technical proficiency in and additional programming language such as R or Python
• Experience with process and reporting automation in Excel
• An ability to communicate technical concepts in a non-technical manner, to a wide range of audiences
• Excellent communication, presentation, and interpersonal skills

Nice To Haves

• Masters degree in an analytical field is a plus.
• Progress towards industry qualifications (e.g. CPCU) would be a bonus.
• Experience with internal capital models and dealing with regulatory returns is a bonus
• Experience with market reporting software (PowerBI/Qlikview/Tableau/etc)
• Experience or understanding of reinsurance including contracts, structures, and strategies
• Experience at a large organisation such as understanding of multinational and matrix structures, would be a bonus
• Experience building data frameworks and governance to enrich data

Responsibilities

• Own the catastrophe modelling processes, business partnering relationships, and portfolio management reporting for select North America Commercial, and Specialty product lines including new initiatives such as Syndicate 2479 and other SPV portfolios
• Lead the quarterly and/or monthly portfolio roll-up, ensuring accurate, timely, and insightful reporting across North American Commercial, and Specialty portfolios.
• Develop automated processing and reporting frameworks for all North American business, and provide advice and data driven insights that will support Underwriting and Portfolio Management.
• Develop close relationships with Internal and external partners including brokers, MGA’s, and Talbot Cat Modelling, to ensure aligned processes access business units and reporting of Special Purpose Syndicate exposures.
• Work closely with underwriting, actuarial, claims, and other functions, integrating catastrophe modelling insights into day-to-day business, and portfolio optimization strategies.
• Carry out other modelling business activities including event response, business planning, budgeting, profit studies, portfolio optimization, reinsurance purchasing, and other exercises where catastrophe risk inputs are required.
• Assist in the development of the company’s internal view of catastrophe risk, and support deployment and change management efforts.
• Support internal partners as needed to respond to rating agency surveys, regulatory filing, data calls and other ad-hoc reporting, for various U.S. state and national insurance regulatory bodies.
• Be a best practices expert for Underwriting Teams, the CoE, and operational groups across the company.
• Proactively review and propose new or changes to, and play a key role in developing our systems, processes, and strategies
• Continuously engage with the wider Catastrophe Risk Management & Analytics teams, supporting ad-hoc analytics projects and contributing to wider analytics initiatives.

Benefits

• eligible for a bonus in accordance with the terms of the applicable incentive plan
• continuous learning and development
• Volunteer Time Off
• Matching Grants Programs

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees