Sr Catastrophe Analyst

FM•Johnston, RI

About The Position

Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection. This position, working closely with the Manager, Aggregation Analysis and the Manager(s), Natural Hazards Peril Underwriting, and other unit members, is responsible for the coordination of activities surrounding the management and advanced operation of natural hazards simulation models. The position provides direct oversight for data accumulation, quality, integrity and coordination, as well as hands-on operation of these computer applications, taking advantage of their most complex features. This position provides front-line review of model outputs and analysis of their accuracy and integrity. Interaction with various levels on company management, as well as contact with outside vendors is expected.

Requirements

Bachelor's Degree (preferably a B.S.)
>10 years of computer experience along with underwriting and/or catastrophe analysis experience.

Responsibilities

Provide technical guidance, including training as needed, to Methods Analysts who directly oversee creation and editing of model input files.
Collaborate with I.S. resources to assure that corporate data sources accurately reflect needed information and that downloads reflect data warehouse contents.
Identify the key parameters that impact projected results and collaborate with managers to select those that best typify our book of business.
Demonstrate proficiency in all aspects of model utilization on an ongoing basis.
Interact with catastrophe model vendors and reinsurance brokers to assure optimal software operation and generation of seamless outputs for use by others.
Produce reports on a regular and on an as-needed basis to support All-Risk Underwriting personnel in their job functions.
Recognize and troubleshoot erroneous results.
Establish and conduct vetting processes that assure the most reliable results.
Provide exposure analysis to various other units, such as the Reinsurance Department and Departmental Management.
Conduct “what-if” analyses to determine the impact of various underwriting changes.
In collaboration with Research, assure an understanding of model revisions, the impact to measured results and recommend actions to adjust company procedures as appropriates.
Identify trends in our changing exposure, highlight them to managers, and implement process modifications to adapt to them.
Develop and deliver jurisdictional reporting as needed in a timely manner (e.g., California Department of Insurance and Canadian, Australian government exposure reporting).