Assist in continued development of “Own View of Risk” for Weather Related Perils; Develop deep understanding of catastrophe model construction and assumptions, particularly those related to meteorological science; Provide guidance to team, product, underwriting, and pricing on interpretation of catastrophe model results (including identification and communication of known weaknesses); Provide education to team, product, underwriting, and pricing on meteorological and climatological trends; Support development of accumulation management guidance; Participate in global and regional projects relating to natural catastrophe risks
Bachelor’s Degree in Meteorology, Climatology or related field requiring extensive meteorological and climatological coursework, modeling, programming, research and quantitative analysis; 3+ years Insurance Experience; Experience with use and/or construction of CAT models; Experience with simulation tools; Experience in SQL; Excellent communications skills
Meteorologist - Catastrophe Analyst WE OFFER The Meteorologist - Catastrophe Analyst will be a member of a small team of Catastrophe Risk Analysts with development and directional support from Portfolio Management leadership. As a member of the team, the individual will be expected to be a meteorological expert on all weather related natural catastrophe perils, supporting the development and implementation of best practices regarding those perils, thereby helping to ensure risk appropriate pricing and proper accumulation controls. Individual will also provide education and guidance to the company on catastrophe perils and help to design strategies to support profitable growth considering likely impacts from climate change.Responsibilities for this position include, but are not limited to the following: Assist in continued development of “Own View of Risk” for Weather Related PerilsDevelop deep understanding of catastrophe model construction and assumptions, particularly those related to meteorological scienceProvide guidance to team, product, underwriting, and pricing on interpretation of catastrophe model results (including identification and communication of known weaknesses)Provide education to team, product, underwriting, and pricing on meteorological and climatological trendsSupport development of accumulation management guidanceParticipate in global and regional projects relating to natural catastrophe risksCollaborate closely with product and assist in developing our flood offeringsCoordinate with local Corporate Underwriting on setting binding restrictions and determining post event loss estimatesDetermine impact of sea level rise and storm surge to our portfolio from climate changeDevelop better resilience to tropical storms/hurricanes with heavy rainfall (e.g. Harvey, Sandy)Help create loss prevention ideasUse catastrophe model to create output for reporting, pricing, predictive analytics, and planningAdapt global best practices to local level including development of local adjustments to those best practices, especially regarding primary insuranceDevelop tools and models where no industry model is available or appropriateParticipate in the development of quarterly exposure data, assist in the quality assurance of all exposure data, and provide guidance on most relevant data required for managing catastrophe businessPerform peer reviews as assigned and maintain documentation of work completed such that another analyst could follow rationaleAssist in analytics supporting annual reinsurance placementPerform and provide support for annual reporting and filings to State Departments of Insurance and Rating agenciesSupport regulatory rate filings and responding to DOI questions regarding model use, assumptions, and adjustmentsDevelop and implement portfolio optimization toolsMaintain expert knowledge on tools and technologiesLiaise with other departments to ensure timely completion of assignmentsPerform exposure assessments on residual marketsSupport development of team including cross training and knowledge sharing activitiesContinually pursue professional development, including certifications and development of new techniques and skillsPerform other duties as assigned WE EXPECT Required Qualifications:Bachelor’s Degree in Meteorology, Climatology or related field requiring extensive meteorological and climatological coursework, modeling, programming, research and quantitative analysis.3+ years Insurance ExperienceExperience with use and/or construction of CAT modelsExperience with simulation toolsExperience in SQLExcellent communications skillsHighly analytical with advanced problem solving skillsSignificant experience in managing complex data sets Preferred Qualifications:Master’s DegreeCAT modeler certificationExperience with GIS toolsExperience in SAS American Modern is a widely recognized, national leader in the specialty insurance business. With close to 50 years of experience in the manufactured housing insurance sector, the company delivers specialized products and services for residential property and the recreational market. One of our newest lines is pet health insurance. The company is headquartered in suburban Cincinnati, Ohio.American Modern is licensed in all 50 states and offers insurance products through a number of property and casualty companies which serve more than 1.7 million policyholders. As part of its parent company, American Modern’s companies are rated A+ (Superior) by the A.M. Best Company an independent analyst of the insurance industry, and is also a Ward’s 50® Top Performer another well-regarded industry standard of stability and excellence.American Modern joined Munich Re as a key part of the world reinsurance leader’s North American insurance operations in April 2008. Munich Re has approximately 47,000 employees in over 50 locations throughout the world and operates in all lines of insurance. It is among the top 100 companies on the Forbes Global 500 list.
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