Bengaluru
INR 8.0 - 18.0 Lacs P.A.
Work from Office
Full Time
Job Title: CAT Modelling-Underwriter Seeking experienced property underwriters who combine traditional underwriting expertise with strong technical capabilities to utilize and inform our catastrophe modelling platform. Evaluate and price complex property risks using catastrophe models and analytical tools, with particular focus on Wind/Hurricane exposed properties Monitor and analyse portfolio accumulations using modelling platforms to optimize exposure management Create detailed risk assessment reports and loss estimates using technical tools while maintaining underwriting judgment Collaborate with Model Developer to enhance analytical tools and validate model outputs Implement risk mitigation strategies based on model insights and market experience Required Skills: 6 to 10 years commercial property underwriting/CAT modelling experience Strong background in Wind/Hurricane/EQ exposed property evaluation Proficiency in catastrophe modelling platforms (RMS, AIR, etc) Working knowledge of Python/SQL for data analysis Experience in portfolio management and accumulation monitoring
Bengaluru
INR 10.0 - 15.0 Lacs P.A.
Work from Office
Full Time
Key Responsibilities: 1.System Expertise & Support: Act as a subject matter expert on reinsurance systems, understanding their functionality, architecture, and integration points. Provide guidance and support to business users regarding system functionality, new features, and technical troubleshooting. Collaborate with internal teams (IT, Actuarial, Underwriting, Claims) to ensure that systems align with business needs and requirements. 2.Change Request Management: Manage, analyse, and document change requests from business stakeholders, ensuring that they align with business objectives and system capabilities. Evaluate the impact of change requests on current systems and processes and propose feasible solutions. Prioritize change requests based on business needs, risks, and system capabilities, and manage the lifecycle of change requests from initiation to delivery. 3.Requirements Gathering & Analysis: Work with business stakeholders to understand and define detailed business requirements for system changes or enhancements. Develop functional and technical specifications for system enhancements based on gathered requirements. Collaborate with development teams to translate business needs into system configurations or software updates. 4.System Testing & Implementation: Develop and execute test cases to ensure that system changes meet business requirements and quality standards. Coordinate user acceptance testing (UAT) with business users, ensuring changes are tested effectively and defects are identified. Support the implementation and deployment of system changes, ensuring minimal disruption to daily operations. 5.Process Improvement & Optimization: Identify opportunities for process improvements and system optimizations within reinsurance operations. Provide recommendations for process automation, system upgrades, and new functionalities to improve business efficiency. Assist in mapping current business processes and recommending reengineering solutions to streamline workflows. 6.Stakeholder Communication & Reporting: Serve as the main point of contact between business users and IT teams for change requests and system-related inquiries. Communicate progress, risks, and status updates on change requests and system enhancements to key stakeholders. Prepare and deliver regular reports on system performance, change request statuses, and project outcomes. 7.Training & Documentation: Develop and deliver training materials for new system features, changes, and updates to business users. Maintain up-to-date documentation on system functionality, change requests, and processes. Ensure that knowledge transfer is provided effectively to team members and end users. Skills and Qualifications: Education: Bachelors degree in information systems, Business Administration, Finance, Actuarial Science, or a related field. Professional certifications such as CBAP (Certified Business Analysis Professional), ITIL, or relevant reinsurance-related qualifications are a plus. Experience: 5-7 years of experience as a Business Analyst, System Analyst, or Change Management Analyst, ideally within the reinsurance, insurance, or financial services industry. Strong experience in managing system changes, enhancements, and process improvements. Hands-on experience with reinsurance software systems (e.g., Database, Risk Explorer, Guidewire) and enterprise applications. Familiarity with reinsurance terminology and processes (e.g., treaty reinsurance, facultative reinsurance, claims, underwriting) is highly advantageous. Skills: Strong analytical and problem-solving skills, with the ability to translate business needs into technical solutions. Excellent communication and interpersonal skills, with the ability to liaise effectively with technical and non-technical stakeholders. Solid understanding of change management processes and best practices. Proficiency in tools like MS Excel, SQL, Jira, Confluence, Scrum, Agile methodologies and other system documentation tools. Knowledge of system testing practices, including test case design and UAT coordination.
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