CAT Modeling Jobs- Gurgaon/Bangalore (CRF# REF27789T)
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WNS is hiring CAT Modeling professionals across various skills for a global reinsurance client. Kindly refer to the job description mentioned against the relevant role. 1. Portfolio Modeling (3+ years' experience in end-to-end portfolio rollups) 2. Regulatory Reporting (4+ years' experience in EDM/RDM/SCHEMA) 3. Reinsurance (3+ years in treaty modeling, reinsurance) 4. Cyber Risk Modeling for CAT Modeling business (Maths/Stats education with 3+ years' experience in cyber modeling/ cyber risk & working exper. in knowledge of SQL or Python for CAT modeling business. Should also have experience in validating new cyber models, reviewing patches and enhancements, and comparing model outputs) 5. Technical Solutions Analyst (Maths/Stats education with 3+ years' experience in SQL, R & and Financial Models for CAT Modeling space) 6. Model Validation (4+ years' experience in Model Validation with tools like RMS/AIR) 7. Technical Solution (3+ years' experience in SQL Query writing for CAT Modeling function) ________________________________________________________________________________ JOB DESCRIPTIONS: 1. 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. ________________________________________________________________________________ 2. Regulatory Reporting Role and Responsibilities 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. ________________________________________________________________________________ 3. Reinsurance Maintain and establish reinsurance catastrophe modelling workflows. Review cedant modelling files, transmittal data and allied documents to perform treaty modelling using multiple vendor models. Support treaty reinsurance pricing and accumulation control process, peer review of treaty modelling results. Communicate relevant information such as treaty loss results, exposure and loss analytics, and key drivers of risks to underwriters and senior managers. Support analyses for periodic catastrophe portfolio roll-ups, internal and external reporting needs Provide support for internal projects, including testing, sensitivity analyses and impact studies Support catastrophe event response reporting Support the development of tools to help automate current Cat modelling processes Collaborate, present, and share knowledge with the wider Exposure Management team and Group Exposure Management function Use technical expertise to resolve basic catastrophe modelling issues to ensure timely delivery of quality analyses that meet business needs and requirements Sound understanding of different types of reinsurance structures - Proportional/Non-proportional CAT modelling experience, with in depth knowledge of the underlying model methodologies and assumptions Technical expertise working with AIR, RMS, Impact Forecasting and other catastrophe models Working knowledge of additional re-ins
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