At a Glance
- Tasks: Lead the development of corporate aggregation models and support global catastrophe risk management.
- Company: Join AIG, a global leader in insurance solutions with a focus on innovation.
- Benefits: Comprehensive benefits package, including health, wellbeing, and professional development.
- Other info: Inclusive culture that values diversity and offers excellent career growth opportunities.
- Why this job: Make a real impact in catastrophe modelling and influence global risk strategies.
- Qualifications: 4+ years in catastrophe modelling, strong analytical skills, and proficiency in SQL.
The predicted salary is between 60000 - 80000 £ per year.
Join us as a Group Catastrophe Portfolio Reporting Senior Analyst to take your career to the next level with a global market leader.
The GI Aggregations group is responsible for monitoring CAT risk aggregation across all lines of business underwritten by AIG General Insurance. Primary responsibilities for the group include performing quarterly risk aggregation and reporting, supporting corporate and unit level reinsurance purchase efforts, establishing best practices for exposure data capture and catastrophe modelling, supporting AIG’s response and deliverables for rating agency surveys and regulatory filings, leading global event response efforts, and providing ongoing support to our regional Catastrophe Modelling teams across the globe, our Centre of Excellence (CoE) in India, and our underwriting office colleagues.
How you will create an impact
You will take a lead on the development of our existing and future end to end corporate aggregation model, for AIG’s Global exposure as well as key large legal entity offshoot models. The role requires an independent and technically proficient catastrophe modeler from a reinsurance background. You will get high visibility and the opportunity to interact with, and advise senior management across the business functions, as well as an ability to influence global catastrophe risk modelling and exposure management efforts.
Some of the key responsibilities include:
- On a quarterly basis roll-up AIG’s global exposure using our selected reinsurance modelling platform.
- Support the automation of our end to end processes associated with the group roll-up and other tasks as required.
- Support the analysis of and validate exposure and result submissions from business unit cat managers, presenting feedback to business units as required.
- Support the continued development of a suite of reports for internal and external audiences, including the Underwriting Office, Business leadership, Regulators, and others.
- Support Corporate and unit level reinsurance purchases, and deliver quarterly CAT data to external partners.
- Provide mentoring for and support the training and development of an offshore team of catastrophe modellers, who will be carrying the bulk BAU and manual elements of processes described above.
- Work with Enterprise Risk Management partners to respond to rating agency surveys, and regulatory filing requirements.
- Establish standardized best practices for exposure data capture across lines of business and geography, and assist in review efforts to ensure adherence.
- Drive short and medium term efforts to transform internal CAT modelling process transformation initiatives.
- Support ongoing rebuild of the company’s internal view of catastrophe risk, and influence development and execution of AIG’s CAT risk management strategy.
What you'll need to succeed
- 4+ Years of catastrophe portfolio modelling experience, using both RMS and AIR.
- Strong analytical and problem solving skills.
- Experience using reinsurance modelling software such as Metarisk, Remetrica, Igloo, or others similar tools.
- In-depth knowledge of catastrophe models including their numerical methods, and science.
- Excellent SQL skills and an understanding of RMS back-end schema.
- Technical proficiency in and additional programming language such as R or Python.
- Experience with process and reporting automation in Excel.
- An ability to communicate technical concepts in a non-technical manner.
- Experience with internal capital models and dealing with regulatory returns is a bonus.
- Ability to manage multiple workloads and projects with competing priorities.
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.
Group Catastrophe Portfolio Reporting Senior Analyst in London employer: AIG Insurance
Contact Detail:
AIG Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Catastrophe Portfolio Reporting Senior Analyst in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to catastrophe modelling and be ready to discuss how your skills align with their needs. This shows you’re genuinely interested and can make a real impact.
✨Tip Number 3
Practice your pitch! Be clear about your experience in catastrophe portfolio modelling and how it relates to the role. A confident, concise explanation of your background can set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Group Catastrophe Portfolio Reporting Senior Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Group Catastrophe Portfolio Reporting Senior Analyst role. Highlight your relevant experience in catastrophe modelling and any specific software you've used, like RMS or AIR. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about catastrophe modelling and how you can contribute to our team. Be sure to mention any experience you have with automation and reporting, as these are key aspects of the role.
Showcase Your Analytical Skills: Since this role requires strong analytical and problem-solving skills, make sure to include examples of how you've tackled complex problems in your previous roles. We love seeing how you approach challenges and find solutions!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team at AIG!
How to prepare for a job interview at AIG Insurance
✨Know Your Catastrophe Models
Make sure you brush up on your knowledge of catastrophe models, especially RMS and AIR. Be ready to discuss their numerical methods and how they apply to real-world scenarios. This will show that you’re not just familiar with the theory but can also apply it practically.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical and problem-solving skills during the interview. Think of specific examples where you've used these skills in past roles, particularly in relation to catastrophe portfolio modelling. This will help you stand out as a candidate who can tackle complex challenges.
✨Familiarise Yourself with Reporting Tools
Since the role involves reporting automation and using tools like Excel, make sure you’re comfortable discussing your experience with these. Bring examples of how you’ve automated processes or created reports in the past, as this will highlight your technical proficiency.
✨Communicate Clearly
You’ll need to explain technical concepts to non-technical stakeholders, so practice simplifying complex ideas. Prepare to give examples of how you’ve done this before, as it shows you can bridge the gap between technical and non-technical teams effectively.