CAT Modeling

• Portfolio Modeling (3+ years experience in end-to-end portfolio rollups)
• Regulatory Reporting (4+ years experience in EDM/RDM/SCHEMA)
• Model Validation (4+ years experience in Model Validation with tools like RMS/AIR)
• Technical Solution (3+ years experience in SQL Query writing for CAT Modeling function)
• Portfolio Modeling
• Good understanding Cat Modeling process and workflows
• Run vendor catastrophe modeling platforms (primarily RMS, AIR, Elements) for insureds and perform portfolio risk analyses.
• Working knowledge of RMS model scope across worldwide peril-regions regarding sub-perils, amplification, etc. along with basic understanding of cat-modelling four-box principle concerning exposure, hazard, vulnerability modules and translation of insurance and (re)insurance financial terms through coding in RMS and SQL.
• Assist clients in the understanding of catastrophe risk of individual insured through analytics based on catastrophe model results.
• Provide analytical support to catastrophe modeling team operations by sharing knowledge and information Develop processes and scripts for process improvements
• Provide timely and frequent feedback to team members.
• Preparing MIS reports
• Training and mentoring of team members inducted in the pricing process.
• Assisting in monthly post bind and portfolio rollup activities.
• Ensure all SLAs are met Communication with onshore SPOCs at regular intervals.

Regulatory Reporting

• Good understanding Cat Modeling process and workflows.
• Run vendor catastrophe modeling platforms (primarily RMS, AIR, Elements) including accumulation analysis for reporting needs, whenever required
• Thorough knowledge of RMS EDM-RDM schema
• Ability to understand the requirements of regulatory submissions and further deliver them accordingly
• Understanding of RDS scenarios of Lloyds including Non-Modelled scenarios as well
• Working knowledge regulatory reports like LCM, RDS Scenarios, Terror Accumulations & reporting.
• Working knowledge of any other regulatory reports.
• Working knowledge of RMS model scope across worldwide peril-regions regarding sub-perils, amplification, etc. along with basic understanding of cat-modelling four-box principle concerning exposure, hazard, vulnerability modules and translation of insurance and (re)insurance financial terms.
• Provide analytical support to catastrophe modeling team operations by sharing knowledge and information
• Develop processes and scripts for process improvements
• Assisting in portfolio rollup activities.
• Ensure all SLAs are met
• Communication with onshore SPOCs at regular intervals.

Model Validation:

• Perform model validation and provide recommendations on model use and/or required adjustments.
• Work with internal teams and external data providers on analysis, utilising available data including scientific information, claims and insured exposure
• Contribute to and lead Group projects as required, liaising with other teams globally.
• Produce customised reports on exposure and modelled results.
• Evaluate re/insurance pricing for individual accounts and product classes.
• Analyse catastrophe reinsurance structures and strategies to support reinsurance placements.
• Assist with the analysis of real time events and identify learnings from post-event reviews.
• Strong analytical and numerical ability, in order to interrogate large datasets
• Experience of working with re/insurance catastrophe data and/or catastrophe modelling software
• Excellent written and verbal communication skills, and the ability to explain technical concepts clearly
• Intermediate/Advanced Excel skills
• Pro-active attitude to identifying inefficient processes and developing improvements
• Desirable Requirements
• Knowledge of commercial insurance and/or the catastrophe modelling industry
• Sound working knowledge of RMS/AIR and any other vendor modelling platforms
• Coding experience in a relevant language (e.g. SQL, VBA, R, C#) Experience in using mapping software (e.g. GIS)
• Technical Solution (SQL query):
• Catastrophe Modelling Analyst in the Accumulation Management department, working with the Technical Solutions team
• The Technical Solutions team is focused on developing customized in-house tools and databases for the Accumulation Management team, to streamline processes and organize data in an efficient manner
• Technical role with large potential for growth in responsibilities
• Develop an understanding of existing Catastrophe Modelling processes, licensed software, and the various in-house tools used to automate processes
• Maintain existing Accumulation Management tools. Debug errors in the code when users experience issues
• Assist users with technical questions. Explain how tools work and deliver training sessions when required
• Test new functionality prior to launch to ensure that tools are working as intended
• Support team to design and develop new tools to automate processes. Update user guides when needed
• Work with colleagues around the globe on ad-hoc projects

Qualifications

Bachelor s Degree in Mathematics/ Applied Mathematics/ Statistics/ Operations Research/ Actuarial Science