Catastrophe Research Manager

AIG Insurance • Boston, NY

1d • Onsite

About The Position

This role is for a Catastrophe Research Manager on AIG’s Catastrophe Research & Validation Team. The manager will support the development of AIG’s internal view of risk for Natural Catastrophe, Terrorism, and other First Party Perils. Working with the Head of Catastrophe Research & Validation and other Cat Modelling Leaders, the position involves supporting the implementation of industry-leading analytics, research practices, and model development across the organization. This role offers the opportunity to interact with and advise senior management across various business functions, and to influence global catastrophe risk modelling and exposure management efforts.

Requirements

• 6+ years of experience in catastrophe research or model development
• PhD or Master’s degree in Climate Science, Natural Hazards, Applied Statistics, or a related subject
• Excellent understanding of the science of catastrophe modelling, 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
• A thorough understanding of climate change and its impact on insurance, and demonstrated experience presenting and discussing catastrophe risk research in internal or external forums
• An ability to communicate technical concepts in a non-technical manner, to a wide range of audiences
• Excellent communication, presentation, and interpersonal skills
• Strong programming skills including R, Python, and SQL

Nice To Haves

• Hands on knowledge of RMS preferred
• Experience at an Underwriting Company or a Broker is a bonus

Responsibilities

• Lead Model Validation & Research for specific perils and regions, managing and mentoring a team of research analysts/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: Define and implement the AIG View of Risk, Validate new and existing vendor models, Propose adjustments to vendor out of the box views, Implement model change and upgrades
• Develop relationships with Reinsurance Broker and Model Vendor partners, and leverage their insights and experience to benchmark AIG’s own View of Risk
• Support AIG’s assessment of climate change and impacts to climate related perils worldwide, providing thought leadership on topics related to climate change and climate variability
• Support AIG’s climate change engagement with regulators such as the PRA, Lloyd’s, Japan FSA, and multiple State Regulators in the United States
• Work with Enterprise Risk Management partners to ensure view of risk principles are clearly documented and communicated in line with AIG’s model risk management policies
• Support short and medium term efforts to transform internal catastrophe modelling process
• Closely collaborate with functions such as Risk Engineering, the Product Office, Actuarial, Underwriting, and ERM to share insights and best practices across the organisation
• Partner with the Data Office on strategic data initiatives, including supporting vendor/data provider capability assessments and contract reviews.
• Drive a culture that promotes collaboration and accountability within a diverse and inclusive environment.

Benefits

• Eligible for a bonus in accordance with the terms of the applicable incentive plan
• A range of competitive benefits
• Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

What This Job Offers

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