Senior Catastrophe Risk Analyst

AIG • Chicago, IL

128d • $81,000 - $109,000

About The Position

The North American Catastrophe Risk Management team is responsible for catastrophe modelling and portfolio exposure management for AIG's North American Insurance businesses. Effective Catastrophe Management is integral to the success of the business and our catastrophe modelers play a critical role in managing our global risk appetite. Day to day pricing and portfolio roll-up is carried out at our Centre of Excellence (CoE) in Bangalore, India. The North American Catastrophe Risk Management team is part of a wider Global Underwriting Analytics team with individuals located across the US, and in London and Singapore. The primary responsibility for the individual in this role is to be the catastrophe modelling business partner for AIG's Retail Property business, and other select portfolios in North America. The role requires a technically proficient catastrophe modeler with experience of developing or a desire to develop strong relationships with underwriters and underwriting portfolio managers. The role requires core competencies in catastrophe portfolio modelling whilst also providing the chance to get involved in wider analytics strategies including business planning, portfolio optimization, and technical tool development.

Requirements

• 5+ Years of catastrophe portfolio modelling experience, preferably using RMS and/or AIR.
• Bachelors Degree required.
• Excellent analytical and problem solving skills.
• A strong understanding of property insurance and reinsurance.
• Progress towards industry qualifications (e.g. CPCU) would be a bonus.
• A high degree of attention to detail and an ability to manage multiple global projects with competing priorities.
• Excellent SQL skills and an understanding of data back-end schema is a must.
• Technical proficiency in and additional programming language such as R or Python would be a bonus.
• An ability to communicate technical concepts in a non-technical manner, to a wide range of audiences.
• Excellent communication, presentation, and interpersonal skills.

Nice To Haves

• Progress towards industry qualifications (e.g. CPCU).
• Technical proficiency in additional programming languages such as R or Python.

Responsibilities

• Own the relationship between the catastrophe modelling team and the Retail Property Underwriting team, providing advice and data driven insights that will support Underwriting and Portfolio Management.
• Lead the quarterly portfolio roll-up and reporting operations for select North American Commercial, and Specialty portfolios.
• Work closely with actuarial, claims, and other functions, integrating catastrophe modelling insights into day-to-day business, and portfolio optimization strategies.
• Carry out other modelling business activities including event response, business planning, budgeting, profit studies, portfolio optimization, reinsurance purchasing, and other exercises where catastrophe risk inputs are required.
• Support internal partners as needed to respond to rating agency surveys, regulatory filing, data calls and other ad-hoc reporting, for various U.S. state and national insurance regulatory bodies.
• Be a best practices expert for Underwriting Teams, the CoE, and operational groups across the company.
• Proactively review and propose new or changes to, and play a key role in developing our systems, processes, and strategies.
• Continuously engage with the wider Catastrophe Risk Management & Underwriting Analytics teams, supporting ad-hoc analytics projects and contributing to wider analytics initiatives.

Benefits

• Competitive salary range based on location.
• Bonus eligibility in accordance with the terms of the applicable incentive plan.
• Comprehensive benefits package focused on health, wellbeing, and financial security.
• Professional development opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree