Catastrophe Modeling (Fresher)

full Time
Across India
Posted 2 months ago
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ROLE SUMMARY

The role requires deep analytical and organizational skills, the capability to see the wider picture while maintaining an eye for detail,and the ability to maintain a rigorous process and high quality output under time pressure.

The ideal candidate should display active and quick self-learning qualities along with the ability to work in different teams and contribute to the knowledge sharing and other activities for team and individual development.

Successful candidates will be degree educated, ideally have knowledge of the insurance industry and will be confident with computers and figures.

REQUIREMENT

 MSc/BE/BTech/MTech freshers with strong knowledge in Mathematics and Statistics

 Knowledge of insurance industry

DUTIES AND RESPONSIBILITES

Although the main goal of a catastrophe modeler is to produce probabilistic estimates of losses to insurance companies due to various perils including earthquake, windstorm, etc., the other duties and responsibilities of this position include:

 Preparing data for auditing – data cleansing, data checks and importing data from Excel, text, etc. into SQL Query Analyzer.

 Data auditing – creating summary reports of client provided exposure data including effective data editing in SQL.

 Implementing changes to the data following client’s response to the audit report

 Preparing model input files & importing data into models using assumptions from the audit report

 Operating multiple, latest catastrophe models (RiskLink/Touchstone/RQE).

 Modeling for various perils including earthquake, windstorm, flood, terrorism on property as well as worker’s compensation exposures (Detailed and Aggregate models)

 Preparation of catastrophe modeling reports (loss reports, reinsurer reports, etc.) including result interpretation

 Undertake model sensitivity analysis of catastrophe modeling software.

 Preparation of maps, graphs using various tools like ArcGIS, Spatial Key, etc. and various other reports using proprietary tools (iFM, ReCast, etc.).

 Lead/assist on simple projects/accounts and communicate effectively with stakeholders.

 Be well versed with basic statistics and terms involved in day to day to business and use it while discussing with stakeholders.

 Understand basic framework of Catastrophe Models and use it while creating reports and during discussions with stakeholders.

 Code basic reinsurance treaties in models and enter basic reinsurance terms.

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Job Categorysoftware Engineer

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