Catastrophe Modeler (QBE Americas, Inc.; Irvine, CA) Implement catastrophe modeling services and provide catastrophe modeling guidance on catastrophe exposure drivers and optimization. Develop tools to support various catastrophe modeling processes and provide modeling information to assist with risk management and decision-making surrounding business. Forecast changes in catastrophe exposure and support underwriting leaders in all areas of the measurement and control of catastrophe risk. Develop and manage tools to support catastrophe modeling processes and assist with the pricing of individual accounts. Provide modeling information to support reporting, business channel roll-up, and corporate reporting. Monitor adherence to capacity allocations against catastrophe modeling metrics. Assess gross and net losses from deterministic disaster scenarios. Provide subject matter expertise to underwriting leaders in forecasting changes in catastrophe exposure and support seniors in all areas of the measurement and control of catastrophe risk. Manage budgeted resources by anticipating expenditures, accurately forecasting resource needs and costs, and properly accounting for expenses to meet requirements and achieve fiscal responsibility. 37.5 hrs/wk, 9:00 am – 5:00 pm. (Job Code: KBGFJG12234-2).
Job Details: Requirements: Must have a Bachelor’s degree, in Mathematics, Applied Mathematics, Statistics, or a closely related field, plus 5 years of experience in the insurance industry. In lieu of a Bachelor’s degree, the employer will accept 2 additional years of experience in the insurance industry.
Of the required experience, must have 5 years of experience in each of the following:
Catastrophe modeling using RMS, and/or AIR catastrophe modeling software;
Calculating Exceedance Probability, Return Period Loss, Annual Average Loss, Probable Maximum Loss, and Coefficient of Variation metrics from loss data output generated by catastrophe models; and,
Reporting on loss data metrics generated from catastrophe models for use in claims assessments, underwriting strategy development, and analysis of risk transfer to reinsurance companies.
Of the required experience, must have 4 years of experience in each of the following:
Analyzing gross and net expected losses from both deterministic and stochastic disaster scenarios;
Monitoring adherence to capacity allocations against actual gross and net Probable Maximum Losses; and