CAT Modeling (for one of Lloyd’s largest syndicates)- REF95205N

Responsibilities

• 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
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Additional Information

Job Description We are hiring CAT Modeling professionals for one of Lloyd's largest syndicates . We're looking for the below mentioned skill-mix. Kindly refer to the job description mentioned against the desired skill-mix. 1. Portfolio Modeling (3+ years' relevant work- experience in end-to-end portfolio rollups) 2. Model Validation (4+ years' experience in Model Validation with tools like RMS/AIR) 3. Reinsurance/ Treaty Modeling 4. Catastrophe Risk- Natural Hazards Research JOB DESCRIPTIONS: 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. 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. 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) 3. Reinsurance/ Treaty Modeling

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