CAT Modeling Analyst - Reinsurance

UFG's Catastrophe Risk Management team is looking to hire Catastrophe Modeling Analyst to support our Alternative Distribution (Reinsurance) sector. This individual will gather and prepare catastrophe modeling data and run the risks based on catastrophe models such as RMS.  This role supports the catastrophe modeling team with insurance risks arising from perils such as hurricane, tornado/hail, earthquake, and fire following earthquake.  

Responsibilities: 

• Collaborate with underwriters and broker companies in gathering the data needed for catastrophe modeling for our Alternative Distribution (Reinsurance) sector.
• Analyze the exposure for data quality, accuracy, completeness, changes, and improvements.
• Run analyses using proprietary catastrophe model such as RMS; generate outputs to analyze the loss results.
• Support Alternative Distribution (Reinsurance) underwriting and actuarial teams by interpreting the modeling outputs and price the reinsurance contracts.
• Prepare analytical reports on these reinsurance contracts for underwriters.
• Possess the drive to engage in diverse tasks including model validation, streamlining reinsurance contract pricing workflows through automations, and developing tools to enhance the overall process.
• Support improvement efforts to increase consistency, efficiency, and compliance with internal standards.
• Stay up to date with the continuously changing catastrophe modeling industry and the models.

Qualifications: 

Education:

• Bachelor’s degree.
• Bachelor of Science degree in Mathematics, Data Science, Statistics, Computer Science, or related field preferred
• Either a minor concentration or additional degree in Meteorology preferred

Certifications/Designations:

• Employees are expected to participate in continuing education throughout their careers.
• Possess, or working towards, an ARe certification preferred.

Experience:

• 4+ years of catastrophe modeling experience preferred.

Working Conditions:

• General Office Environment.
• Up to 10% travel for quarterly office visit and occasional conferences.

Skills & Knowledge: 

Skills: 

• Proficient with Excel, Power Point, SQL
• Analytical, technical, and problem-solving skills
• Effective Verbal and written communication skills
• Effectively work in a team environment

Knowledge: 

• Working knowledge with catastrophe modeling software such as RMS and AIR