Senior Catastrophe Research Analyst

AIG Insurance • Boston, NY

11d • Onsite

About The Position

The Senior Catastrophe Research Analyst will join AIG’s Catastrophe Research & Validation Team and support the development of AIG’s internal view of risk for Natural Catastrophe, Terrorism, and other First Party Perils. The role collaborates with AIG team members in the US and London, an outsourced team in Bengaluru, external model vendors, and internal teams that build bespoke tools. The analyst will lead reviews and take ownership of assigned peril-region models, as directed by the Head of Catastrophe Research & Validation.

Working with the Head of Catastrophe Research & Validation and other Cat Modelling Leaders, the role supports implementation of industry-leading analytics, research practices, and model development across the organisation. It includes catastrophe risk research and model evaluation, climate change assessment, documenting and communicating views of risk, improving internal catastrophe modelling processes, and collaboration with internal functions and data providers.

AIG asks team members to work primarily in the office to support in-person collaboration. The role is eligible for a bonus under the applicable incentive plan. AIG describes its Total Rewards Program as including benefits focused on health, wellbeing, financial security, and professional development.

Requirements

• PhD or Master’s degree in Climate Science, Natural Hazards, Applied Statistics, or a related subject.
• At least 3 years of experience in catastrophe research or model development.
• Excellent understanding of catastrophe-modelling science and hands-on experience writing model reviews and validations.
• Knowledge of catastrophe models, including their strengths and weaknesses.
• Demonstrated expertise in the science of one or more peril regions.
• Understanding of climate change and its impact on insurance, and interest in developing analytics and thought leadership in this area.
• Interest in the impact of modelling on underwriting decision-making.
• Ability to communicate technical concepts to non-technical audiences.
• Excellent communication, presentation, and interpersonal skills.
• Strong programming skills, including R, Python, and SQL.

Nice To Haves

• Experience using RMS is preferred.

Responsibilities

• Lead innovative research on catastrophe risk, focusing on peril regions most material to AIG.
• Support the development of standardised best practices and AIG’s view-of-risk strategy.
• Support end-to-end catastrophe model evaluation across the company.
• Implement AIG’s View of Risk.
• Validate new and existing vendor models.
• Propose adjustments to vendor out-of-the-box views.
• Implement model changes and upgrades.
• Support AIG’s assessment of climate change and its impacts on climate-related perils worldwide.
• Support climate change engagement with internal and external stakeholders.
• Work with Enterprise Risk Management partners to ensure views of risk are documented and communicated 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, Actuarial, Underwriting, and ERM to share insights and best practices across the organisation.
• Partner with the Data Office on strategic data initiatives, including vendor and data-provider capability assessments and contract reviews.

Benefits

• Bonus eligibility in accordance with the terms of the applicable incentive plan.
• Competitive benefits focused on health, wellbeing, financial security, and professional development.

What This Job Offers

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