Catastrophe Risk Analyst
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Employer: Insurance Company of the West |
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Job location: San Diego, CA 92130 USA |
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Apply before: Not specified |
Summary
ICW Group is looking for a sharp, analytical team player to join our team as a Catastrophe Risk Analyst. The purpose of this job is to utilize creative analytics to quantify the company’s exposure to catastrophes, primarily focusing on earthquake, flood, and hurricane risk. We are looking for candidates with strong analytical aptitude. No specific certifications are required, but relevant accomplishments will boost a candidate’s chances! This role relies heavily on technical ability, and no candidate will start with the full suite of skills that are required. We are looking for candidates who are comfortable picking up new technical skills from scratch, and who are confident in their own ability to learn. If you feel you are capable for this role, apply today!
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Description
ICW Group is looking for a sharp, analytical team player to join our team as a Catastrophe Risk Analyst. The purpose of this job is to utilize creative analytics to quantify the company’s exposure to catastrophes, primarily focusing on earthquake, flood, and hurricane risk. We are looking for candidates with strong analytical aptitude. No specific certifications are required, but relevant accomplishments will boost a candidate’s chances! This role relies heavily on technical ability, and no candidate will start with the full suite of skills that are required. We are looking for candidates who are comfortable picking up new technical skills from scratch, and who are confident in their own ability to learn. If you feel you are capable for this role, apply today!
PURPOSE OF THE JOB
The purpose of this job is to utilize creative analytics to quantify the company’s exposure to catastrophes, primarily focusing on earthquake, flood, and hurricane risk. This position exists to design, build, and develop tools and applications that enhance underwriting expertise and deliver higher profitability for the company.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Quantifies the company’s exposure to catastrophe risk.
Designs, builds, tracks, and manages catastrophe risk portfolio aggregations, data quality, and modeled loss estimates.
Works with catastrophe model vendors during the installation and upgrading of catastrophe model software.
Provides estimates to Finance Department and management regarding financial rating agency capital requirements and current company catastrophe risk profile.
Assists the Actuarial Department to support documentation for state regulatory rate filings.
Researches catastrophe-related non-modeled risks to mathematically quantify those risks.
Provides reports and strategic analyses.
Provides monthly and ad-hoc reports to management regarding the current catastrophe risk portfolio, including catastrophe reinsurance pro formas.
Provides reinsurance brokers with portfolio data captures of catastrophe risk exposures for the purpose of reinsurance pricing and rating agency report generation.
Analyzes potential assumed catastrophe-risk-related portfolios as needed.
Reviews underwriting policy language and catastrophe reinsurance treaties to verify that data is being accurately entered into the catastrophe model software, ensuring proper modeled loss output.
Analyzes underwriting workflow and makes suggestions for improvement, especially as it pertains to catastrophe modeling.
Formulates tools for mitigating risk.
Formulates suggestions for underwriting guidelines that will appropriately mitigate the company’s exposure to risks.
Provides suggestions to management if the company is considering entering a new catastrophe-risk-related line of business or geographic region.
Makes suggestions to management on appropriate catastrophe modeling software upgrades and purchases.
Trains incoming staff as needed.
Provides training materials, documentation, and suggestions to underwriting staff concerning catastrophe models as needed.
Keeps apprised of upgrades and advances in the catastrophe modeling industry.
SUPERVISORY RESPONSIBILITIES
This role does not have supervisory responsibilities.
EDUCATION AND EXPERIENCE
Bachelor's degree from four-year college or university required with a major or emphasis in STEM preferred. Minimum 3 years of related experience and/or training required, or equivalent combination of education and experience.
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