Catastrophe Modelling Analyst I

MS Amlin ,
London, Greater London
More Details

Overview

Job Description

Catastrophe Modelling Analyst Purpose The main purpose of the role is to perform the following activities: * To ensure that underwriting data is entered onto specialist catastrophe modelling and insurance software as well as other reporting and compliance tasks * To perform modelling for cyber risk across multiple classes; producing business critical management reports including Realistic Disaster Scenarios (RDS), regional monitoring reports, Dynamic Financial Analysis (DFA), Exposure Management Framework (EMF), Exposure Submissions and post-event reporting * Provide feedback to underwriters to enable improvements in data capture and workflow and assist with process development * To act as a key point of contact for all queries on required classes with day to day contact with underwriters and underwriting assistants * To mentor and train more junior team members Dimensions The level of demand and quality of catastrophe modelling has increased significantly as competition increases, this is in terms of deliverables required and level of advice required by the underwriting teams and senior management. Catastrophe Modelling is considered a high priority and highly valued, as it is critical to the management of catastrophe risk across the Group. The role will cover the cyber risk to multiple classes across the business. There may additionally be some requirement for other modelling work however. The role requires RMS RiskLink and SQL experience. Knowledge of cyber modelling is desired but not essential. Effective time management, attention to detail and good communication skills are also required. Ability to work without supervision, while maintaining accuracy in output. The ability to develop and improve procedures is required. Key Result Areas . Management Reports: Production of management reports for RDS, EMF, DFA Submission, Exposure Submission and post- event reporting. Assist the underwriters with key information for performance reviews and outwards reinsurance packs. Produce reports and conduct analyses for Group Underwriting Modelling. Operational: Ensuring the integrity of underwriting data and aggregate information within catastrophe modelling and underwriting systems. Pricing of policies, aggregate entry and portfolio rollup. Process improvements. Customer Relationships: Building key relationships with underwriting teams inspiring confidence and rapport and to act as a key point of contact for modelling queries. The role involves dealing with external parties including model vendors, external brokers and reinsurers. Standards and Compliance: Assist with the creation and maintenance of procedure and user documents. Ensure accuracy of information through liaison with underwriting staff Personnel: Ensure own development and knowledge remains up to date. Mentoring and development responsibility of junior modellers, with responsibility growing over time. Other: Keep up-to-date with new developments affecting the business. Assist developers and actuaries with ongoing projects. Ad hoc projects as required. The Operating Environment and Context of the Job Underwriting modelling has a focus on the following activities: * Developing tools and analyses to facilitate portfolio management * Creating modelling processes * Bringing clarity, transparency and understanding to the users and clients of catastrophe modelling * Maintaining robust standards and knowledge of best practice in catastrophe modelling * Developing relationship with underwriters The role is instrumental to: 1) Establishing cyber exposure management and modelling across multiple classes of business 2) Meeting critical management reporting and data entry requirements Key Competencies: The candidate should hold a numerate, science or geoscience degree and have a minimum of 3 years' experience in modelling utilising RMS RiskLink software. Process management Excel, RiskLink and SQL. Other advantageous skills include Open Xposure and S2000; VBA Time management Strong analytical capability Team Working Business knowledge and commercial awareness Communication Excellent customer service skills Adaptability to change Accuracy and attention to detail Customer Relationships Key Interfaces: The key people, functions and organisations (internal and external) with whom the job holder interacts with: * Modelling Manager * Underwriters * Central Modelling team and rest of Underwriting Modelling * Research Manager * Actuarial * IT * Brokers * External Model Vendors

People also viewed