Global Catastrophe Modeling Leader

Everest Group • Warren, NJ

106d • $300,000 - $375,000

About The Position

The Leader of Catastrophe Modeling will be responsible for overseeing the catastrophe modeling function across the organization, sitting at the intersection of insurance and reinsurance. This senior leadership role will drive the integration of catastrophe risk analytics into decision-making processes, enabling the company to optimize risk management, pricing, and capital allocation strategies. The leader will be tasked with leading a cross-functional team, working with internal stakeholders to align catastrophe modeling strategies with business objectives, and ensuring the ongoing development of advanced modeling capabilities that meet the needs of both the insurance and reinsurance markets.

Requirements

• Proven experience (10+ years) in catastrophe modeling within the insurance or reinsurance industry.
• Strong leadership experience with the ability to manage and inspire cross-functional teams, drive strategic initiatives, and build strong relationships across business functions.
• Advanced knowledge of catastrophe modeling software, risk modeling techniques, and data analytics tools (e.g., RMS, AIR, and others).
• Strong understanding of the global reinsurance market and the relationship between catastrophe modeling, underwriting, pricing, and capital management.
• Excellent analytical, problem-solving, and decision-making skills, with a focus on strategic risk management and portfolio optimization.
• Familiarity with regulatory requirements and industry best practices related to catastrophe modeling and risk management.
• Advanced degree (e.g., MSc, PhD) in a relevant field such as mathematics, engineering, environmental science, or actuarial science is highly desirable.
• Proven ability to integrate advanced technologies such as machine learning and AI into catastrophe modeling practices.
• Strong communication skills with the ability to present complex technical information to senior executives, clients, and external stakeholders.
• Experience with cloud computing platforms.

Nice To Haves

• Professional certifications (e.g., Fellow of the Casualty Actuarial Society (FCAS), Associate of the Casualty Actuarial Society (ACAS), Chartered Enterprise Risk Analyst (CERA)) are a plus.
• Experience in climate change modeling and emerging risks.
• Familiarity with regulatory frameworks in key global markets (e.g., Solvency II, ORSA, etc.).
• Global experience, with a strong understanding of different regional risks, regulatory environments, and market dynamics.
• Strategic thinker with the ability to align technical modeling capabilities with broader business objectives.
• Strong leadership capabilities with a proven track record of driving innovation and fostering cross-functional collaboration.
• Excellent communicator with the ability to explain complex risk modeling concepts to non-technical stakeholders.
• Proactive, results-oriented, and capable of thriving in a fast-paced, dynamic environment.
• Passionate about advancing catastrophe modeling practices and contributing to the ongoing evolution of risk management in the global insurance and reinsurance markets.

Responsibilities

• Lead and oversee the catastrophe modeling teams within both the insurance and reinsurance functions, ensuring effective integration and collaboration between the two groups.
• Develop and execute the strategic direction for catastrophe modeling to support underwriting, pricing, risk management, and capital allocation across all business lines.
• Collaborate closely with the executive leadership team to align catastrophe risk models with broader company goals and objectives.
• Stay abreast of industry trends, emerging technologies, and regulatory changes related to catastrophe modeling.
• Oversee the development, maintenance, and enhancement of catastrophe models, ensuring they are robust, accurate, and reflective of the latest scientific and technological advancements.
• Ensure that catastrophe models provide actionable insights for risk selection, exposure management, and portfolio optimization.
• Lead the continuous improvement of data and model inputs, ensuring that external catastrophe data, internal claims data, and other relevant variables are utilized effectively to inform decision-making.
• Evaluate and integrate new data sources and modeling techniques to enhance model performance.
• Utilize and implement climate change models into current and future catastrophe models.
• Work with the risk management and actuarial teams to incorporate catastrophe model results into capital modeling, solvency, and strategic risk planning.
• Ensure that catastrophe models are validated, stress-tested, and optimized to respond to changing market conditions, regulatory requirements, and emerging risks.
• Drive the integration of innovative technologies such as AI, machine learning, and big data analytics into catastrophe modeling processes.
• Maintain strong relationships with external modeling vendors, regulatory bodies, industry groups, and other stakeholders to ensure the company stays at the forefront of global catastrophe modeling practices.
• Foster a culture of continuous learning and development, mentoring and training team members in the latest tools, methodologies, and industry trends.
• Act as the primary point of contact for all catastrophe modeling inquiries and provide expert guidance to senior leadership on the interpretation and application of model outputs.
• Contribute to the development of risk management policies and provide insights to help the company navigate the risks associated with climate change, natural disasters, and other catastrophic events.
• Oversee the acquisition, management, and quality control of data used in catastrophe models, working with IT to establish data management best practices.

Benefits

• Health insurance coverage
• Employee wellness program
• Life and disability insurance
• 401k match
• Retirement savings plan
• Paid holidays
• Paid time off (PTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Insurance Carriers and Related Activities
• Education Level: Master's degree
• Number of Employees: 1,001-5,000 employees