Senior Catastrophe Risk Analyst

Job Description

The job holder will be a member of the SGP&C Specialty Insurance (Single Risks Pricing & Binder) team supporting the Portfolio roll-up process and SBS Account Modelling.

The Cat Modelling Team is embedded within the Specialty Insurance Single-Risk Pricing & Modelling Team and will interpret, communicate, and provide reliable and accurate CAT (natural and man-made) analytics to underwriting teams and other internal and external stakeholders.

Responsibilities

1. Perform Portfolio roll-up using third-party catastrophe models with high accuracy and in a timely manner.
2. Assist with processing of pre/post bind analyses and maintenance of a reliable and accurate exposure dataset.
3. Perform the relevant checks and resolve queries to ensure the accuracy and quality of the portfolio.
4. Work closely with the outsourcing provider in formatting exposure schedules and performing data quality reviews.
5. Identify the movements between the portfolios and justify them with sensible commentaries.
6. Conduct a thorough analysis of exposure data across multiple lines of business, regions, and products.
7. Liaise with internal and external data teams to ensure all modeled policies are captured, that the data is up to date, and data interpretations are accurate.
8. Assist in developing a more robust view of the models and components through analysis of catastrophe modeling data and back testing.
9. Evaluate and quantify potential risks associated with specialty accumulations, such as natural catastrophes, terrorism, or other relevant perils at both risk and portfolio levels.
10. Collaborate with underwriting teams to assess and manage accumulations of risk within defined tolerances.
11. Provide internal training for junior staff and new joiners of other departments.
12. Perform all other miscellaneous responsibilities as required by management.

Qualifications

Required Experience & Competencies

Experience:

1. Experience in using RMS and/or AIR modeling software.
2. Good communication skills and experience working with underwriters and clients.
3. Practical work/programming experience in MS Excel, VBA, R, Python, etc.
4. At least 2 years of experience in the London CAT modeling industry.
5. Experience in Lloyd’s/London market with a particular focus on Property, Fine Art, Specie, and Terrorism is an added advantage.

Personal Competencies:

1. Strong pragmatic problem-solving capabilities.
2. Good team spirit and interpersonal competency.

About Us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

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