The Purpose of the role
As a key member of the Catastrophe Modelling Team, he/she is responsible for providing analytical and modelling support services. The Senior Associate is able to perform all duties of the Associate with a high level of competence, and is also expected to interpret data results for multiple business units. Senior Associates are also expected to handle complex CAT modelling assignments and review information for accuracy. Senior Associates will interpret and deliver results to underwriters, and provide suggestions and commentary as appropriate.
Responsibilities
- Quickly learn and master all the models pertaining to the countries covered
- Performs all the responsibilities of the Associate at a higher level (number of locations, type of data).
- Shows high competency in understanding and applying more complex financial terms.
- Reviews consolidated information to ensure codes, criteria and financial terms are accurate.
- Provides results in the expected format for underwriters.
- Reviews results at a higher level of detail than Associates.
- Possesses knowledge on multiple lines of business (property, marine, terrorism/ energy/ binders etc.)
- Performs basic interpretation of the results (Ex: Client loss exceed/less than deductible, Gross loss exceeding limits)
- Communicates results and provides suggestions directly to the client.
- Models accounts independently and performs review of all nature of accounts.
- Contacts client for clarifications or other queries via e-mail or telephone.
- Attends and fully participates in client calls.
- Seeks assistance from senior resources as needed.
Required knowledge, Skills and qualifications
1-3 years’ experience in CAT Modeling (OR) Insurance/ Risk Management
Graduate / Post Graduate in Actuarial science/ Statistics/ Mathematics / Economics/Engineering
Expertise in CAT Modeling using AIR Touchstone and RMS Risk Link models
Understanding of Portfolio Modeling/Roll-up will be an advantage.
Strong analytical skills and attention to detail
- Knowledge of P&C Insurance terminologies
Able to work flexible schedule to accommodate business requirements and work requests from different time zones
Proficiency in English language (verbal, written, comprehension)
Proficiency in MS Excel required