CAT Modeling & Analytics Associate

Job Description

Skill required: Property & Casualty - Catastrophe Risk Management Designation: CAT Modeling & Analytics Associate Qualifications: BE/Any Graduation Years of Experience: 1 to 3 years What would you do? We help insurers redefine their customer experience while accelerating their innovation agenda to drive sustainable growth by transforming to an intelligent operating model. Intelligent Insurance Operations combines our advisory, technology, and operations expertise, global scale, and robust ecosystem with our insurance transformation capabilities. It is structured to address the scope and complexity of the ever-changing insurance environment and offers a flexible operating model that can meet the unique needs of each market segment.Providing insurance account data entry, enhancement, coding and modeling support to underwriting and regional catastrophe teams globally Processing submission data files within stipulated time frames by entering them into account modeling systems, translating and coding to model recognizable format(s), and assessing and correcting location addresses and geocoding Modeling accounts to estimate catastrophe losses from all perils using multiple catastrophe models Providing catastrophe modeling results to support the pricing and underwriting process Modeling one or more different policy structures per account, and multiple options as requested by the underwriter Documenting assumptions and sharing Analytics and relevant files with the U/W Catastrophe Risk Management refers to the process of guiding insurers how to manage risk aggregations, deploy capital, and price insurance coverage by using computer assisted calculations to estimate the losses that could be sustained due to a catastrophic event such as a hurricane or earthquake. What are we looking for? - Individual with a bachelor degree in engineering, preferably within one of the following disciplines (Chemical, Electrical, Civil or Mechanical) or any University degree Proficient with MS Office and internet based research. knowledge of VBA will be an added advantage. Knowledge of insurance is desirable, but not essential Must demonstrate oral and written communication skills along with analytical and logical thinking skills Candidate must be organized, self motivated and willing to learn more about the basics of commercial and/or energy insurance, underwriting processes, insurance coverage terms and conditions, and catastrophe modeling for underwriting Willing to work in Global time zones Proficient with MS Office and internet based research. knowledge of VBA will be an added advantage. Knowledge of insurance is desirable, but not essential Roles and Responsibilities: In this role you are required to solve routine problems, largely through precedent and referral to general guidelines Your expected interactions are within your own team and direct supervisor You will be provided detailed to moderate level of instruction on daily work tasks and detailed instruction on new assignments The decisions that you make would impact your own work You will be an individual contributor as a part of a team, with a predetermined, focused scope of work Please note that this role may require you to work in rotational shifts Qualifications BE,Any Graduation