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

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, c