Catastrophe Research Manager

AIG Insurance • Boston, MA

11d • Onsite

About The Position

The Catastrophe Research Manager is a manager on AIG’s Catastrophe Research & Validation Team, supporting the development of AIG’s internal view of risk for natural catastrophe, terrorism, and other first-party perils. The role leads the review and ownership of assigned peril-region models, working with the Head of Catastrophe Research & Validation, Cat Modelling leaders, a research team in Bengaluru, internal functions, and external model vendors. It contributes to model evaluation and development, climate-change research, exposure management, and the transformation of catastrophe-modelling processes. The position also engages with senior management, regulators, reinsurers, brokers, and model vendors, and is expected to promote collaboration and accountability in a diverse and inclusive environment.

AIG asks team members to be primarily in the office to support in-person collaboration. The role is based in the United States; the posting does not specify a particular office location.

Requirements

• At least 6 years of experience in catastrophe research or model development.
• Hands-on knowledge of RMS is preferred.
• PhD or master’s degree in Climate Science, Natural Hazards, Applied Statistics, or a related subject.
• Excellent understanding of catastrophe-modelling science and hands-on experience writing model reviews and validation for internal stakeholders and regulators.
• In-depth knowledge of catastrophe models, including their strengths and weaknesses.
• Thorough understanding of climate change and its impact on insurance.
• Demonstrated experience presenting and discussing catastrophe-risk research in internal or external forums.
• Ability to communicate technical concepts to a wide range of audiences in non-technical terms.
• Excellent communication, presentation, and interpersonal skills.
• Strong programming skills, including R, Python, and SQL.

Nice To Haves

• Hands-on knowledge of RMS.
• Experience at an underwriting company or broker.

Responsibilities

• Lead model validation and research for assigned perils and regions, managing and mentoring research analysts and scientists based in Bengaluru, India.
• Work with Cat Modelling leadership to evaluate models, develop standardised best practices, and implement AIG’s view of risk worldwide.
• Support end-to-end catastrophe model evaluation across the company, including defining and implementing AIG’s View of Risk, validating new and existing vendor models, proposing adjustments to vendors’ out-of-the-box views, and implementing model changes and upgrades.
• Develop relationships with reinsurance broker and model vendor partners and use their insights to benchmark AIG’s View of Risk.
• Support AIG’s assessment of climate change and its impacts on climate-related perils worldwide, providing thought leadership on climate change and variability.
• Support AIG’s climate-change engagement with regulators, including the PRA, Lloyd’s, Japan FSA, and U.S. state regulators.
• Work with Enterprise Risk Management partners to document and communicate view-of-risk principles in line with AIG’s model risk management policies.
• Support short- and medium-term efforts to transform internal catastrophe-modelling processes.
• Collaborate with Risk Engineering, the Product Office, Actuarial, Underwriting, and ERM to share insights and best practices.
• Partner with the Data Office on strategic data initiatives, including vendor and data-provider capability assessments and contract reviews.
• Promote collaboration and accountability within a diverse and inclusive environment.

Benefits

• Competitive benefits package focused on health, wellbeing, financial security, and professional development.
• The position is eligible for a bonus under the terms of the applicable incentive plan.
• Continuous learning and development.

What This Job Offers

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