Catastrophe Research Manager

AIG • Boston, MA

13d • $120,000 - $145,000 • Onsite

About The Position

The Catastrophe Research Manager will join AIG’s Catastrophe Research & Validation Team, which includes colleagues in the US and London and an outsourced team in Bengaluru, India. The manager will lead the review and ownership of assigned peril-region models, as directed by the Head of Catastrophe Research & Validation, and manage and mentor research analysts and scientists based in Bengaluru.

The role supports the development of AIG’s internal view of risk for natural catastrophe, terrorism, and other first-party perils. Working with catastrophe modelling leadership and teams across the organisation, the manager will help evaluate and validate catastrophe models, establish consistent practices, implement model changes, and develop analytics and research. The role also involves collaboration with external model vendors and reinsurance brokers, internal partners, and senior management; contributing to climate-related research and regulatory engagement; and supporting transformation of catastrophe modelling and strategic data initiatives.

AIG asks team members to work primarily in the office to support in-person collaboration. The position offers a base salary range of $120,000–$145,000 and eligibility for a bonus under the applicable incentive plan. AIG describes its rewards package as including health, wellbeing, financial security, and professional development benefits; the specific benefits are available in its US Benefits Overview.

Requirements

• At least 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 catastrophe modelling science and hands-on experience writing model reviews and validations 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 in non-technical terms 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 is preferred.
• Experience at an underwriting company or broker is a bonus.

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 vendor out-of-the-box views, and implementing model changes and upgrades.
• Develop relationships with reinsurance broker and model vendor partners and use their insights and experience 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 climate variability.
• Support AIG’s climate change engagement with regulators, including the PRA, Lloyd’s, Japan FSA, and US 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.
• Eligible for a bonus in accordance with the applicable incentive plan.

What This Job Offers

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