Catastrophe Modelling Assistant

Placed: 28/11/17
Region: United Kingdom
Category: Jobs


Content of the advertisement:

Aggregation and Catastrophe Modelling Assistant reporting to Catastrophe Modelling Manager

Role Overview:

Working closely with underwriters, modelling, analysing and interpreting data using the companys catastrophe modelling software.
Assist with developing the Syndicates technical modelling capabilities.
Regularly auditing the data that is held/entered into the system.
Support any detailed in-house training needs to ensure best use of the software.
Liaising with software suppliers in regard to testing upgrades.
Provide management information.
Ensure work is carried out within defined standards/deadlines.

Main Responsibilities:

Use RMS modelling software following modelling best practice work flow.
Following procedures/guidelines for recording/analysis of modelled/ un-modelled perils/territories.
Entering data to system to record and allow tracking of decisions made in modelling process.
Modelling process to be repeatable and traceable.
Follow established guidelines for type/format of information required for analysis.
Extract loss information from software and present in manageable format.
Assist with roll up entire portfolio in RMS Risklink
Understand which contracts are the key portfolio drivers & why.
Portfolio optimisation Assist in investigating strategies to reduce tail value at risk. What are the current key contributors? What are the reasons behind this? How can these losses be reduced?
Assist in identification of regions/perils for potential expansion.
Increase transparency of the models.
Extract industry loss curves (region/peril).
Show damage functions (or at least proxy for them).
Produce hazard maps.
Provide information to assist the Syndicate in SCR analysis and reinsurance purchasing.
Assist in the evaluation of the effect of model updates on portfolio losses prior to upgrade of production environment.
Assist with testing of IT systems and Reports.
Assist with other ad-hoc projects as required.

Applicant Requirements:
Strong numeracy and analytical abilities coupled with excellent attention to detail
Strong written and oral communication skills and the ability to present to a variety of audiences Desirable
A strong understanding of insurance and reinsurance and financial terminology
Understanding of the statistical methodologies
Strong knowledge of Microsoft Excel (knowledge of MS SQL an advantage)

Benefits: £25-30,000

Price / Salary: £25000 - £30000/annum £25-30,000