Catastrophe Risk Specialist

Wawanesa Insurance•Edmonton, AB

9d•CA$85,000 - CA$115,000•Hybrid

About The Position

Reporting to the Manager, Catastrophe Risk, this role is responsible for analytics and modeling capabilities within our Catastrophe Risk Management team. This includes data extraction and manipulation for the purpose of modeling, reporting, and exposure accumulation. The role will collaborate with various pricing and underwriting teams to assist in the implementation of catastrophe models and monitoring of exposure accumulations.

Requirements

Bachelor’s degree in mathematics, statistics, actuarial science, atmospheric science, geospatial science or related field.
3+ years' experience in a catastrophe modelling role using one or both of RMS and AIR Verisk.
Proficiency in catastrophe modeling software, programming languages such as R, SQL, or similar for data manipulation and modeling.
Strong analytical skills with a deep understanding of risk assessment and modeling techniques.
Excellent communication and presentation skills, with the ability to translate complex technical concepts to non-technical stakeholders.

Nice To Haves

Experience in insurance, reinsurance, catastrophe model development, catastrophe risk pricing or risk management is an asset.
Certification or coursework in catastrophe modeling, risk management (e.g., CPCU, ARe) or actuarial exams is an asset.

Responsibilities

Develop and calibrate catastrophe perils using industry-standard software (e.g., RMS, VERISK, etc.).
Analyze historical data, scientific research, and insurance claims to enhance model accuracy.
Collaborate with actuaries, underwriters, and analysts to understand risk exposures, and manage exposure accumulations.
Interpret model outputs and assumptions from multiple models to help form a view of risk.
Coordinate with risk management partners the independent review of model performance, documentation, and validation.
Conduct sensitivity analysis and scenario testing to evaluate the impact of different variables on risk assessments.
Proactively share knowledge in catastrophe-related areas, create learning experiences and foster teamwork and cross-functional collaboration.
Communicate findings and recommendations to stakeholders through reports, presentations, and technical documentation.
Stay updated with industry advancements, regulatory requirements, and best practices in catastrophe modeling.