Senior Catastrophe Risk Analyst

Senior Catastrophe Risk Analyst

Full-Time 60000 - 80000 € / year (est.) No home office possible
American International Group, Inc.

At a Glance

  • Tasks: Lead catastrophe modelling and develop insights for risk management in a global insurance leader.
  • Company: Join AIG, a top player in the insurance industry with a collaborative culture.
  • Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
  • Other info: Work primarily in-office to foster collaboration and support within the team.
  • Why this job: Make a real impact in catastrophe risk management while advancing your career.
  • Qualifications: 4+ years in catastrophe modelling, strong analytical skills, and excellent SQL knowledge.

The predicted salary is between 60000 - 80000 € per year.

Join us as a Senior Catastrophe Risk Analyst to take your career to the next level with a global market leader. Make your mark in Cat Risk Management. The UK Catastrophe Risk Management team is responsible for catastrophe modelling and portfolio exposure management for AIG's UK, EMEA, LAC, and Global Specialty Insurance platforms. Effective Catastrophe Management is integral to the success of the business and our catastrophe modelers play a critical role in managing our global risk appetite.

How you will create an impact:

  • The primary responsibility for the individual in this role is to lead the Catastrophe modelling for select UK, EMEA, and LAC businesses.
  • The role requires a technically proficient catastrophe modeler with experience building strong relationships with underwriters and underwriting portfolio managers.
  • The role requires core competencies in catastrophe portfolio modelling whilst also providing the chance to get involved in wider analytics strategies including business planning, portfolio optimization, and technical tool development.

Key Responsibilities:

  • Develop catastrophe modelling processes, business partnering relationships, and portfolio management reporting for select Commercial Lines and Specialty businesses in the above regions.
  • Develop highly digitised and automated processing and reporting frameworks, and provide advice and data driven insights that will support Underwriting and Portfolio Management.
  • Lead quarterly portfolio roll-up and reporting operations for the above businesses.
  • Work closely with underwriting, actuarial, claims, and other functions, integrating catastrophe modelling insights into day-to-day business, and portfolio optimization strategies.
  • Carry out other modelling business activities including event response, business planning, budgeting, profit studies, portfolio optimization, reinsurance purchasing, and other exercises where catastrophe risk inputs are required.
  • Support internal partners as needed to respond to rating agency surveys, regulatory filing, data calls and other ad-hoc reporting.
  • Be a best practices expert for Underwriting Teams, the CoE, and operational groups across the company.
  • Proactively review and propose new or changes to, and play a key role in developing our systems, processes, and strategies.
  • Continuously engage with the wider Catastrophe Risk Management & Underwriting Analytics teams, supporting ad-hoc analytics projects and contributing to wider analytics initiatives.

What you'll need to succeed:

  • 4+ Years of catastrophe portfolio modelling experience, preferably using RMS and/or AIR.
  • Excellent analytical and problem-solving skills.
  • A strong understanding of property insurance and reinsurance.
  • Strong knowledge of catastrophe models including their numerical methods, and science.
  • Excellent SQL skills and an understanding of RMS back-end schema is a must.
  • Experience with process and reporting automation in Excel.
  • An ability to communicate technical concepts in a non-technical manner, to a wide range of audiences.
  • An ability to work independently and manage multiple deliverables with competing priorities.

Work Location & Expectations:

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.

Benefits:

AIG offers an attractive 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.

Equal Opportunity and Accommodations:

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.

Senior Catastrophe Risk Analyst employer: American International Group, Inc.

AIG is an exceptional employer that prioritises collaboration and professional growth, making it an ideal place for a Senior Catastrophe Risk Analyst to thrive. With a comprehensive benefits package that supports health, wellbeing, and financial security, employees are empowered to excel in their roles while contributing to impactful catastrophe risk management strategies. The vibrant work culture in Bangalore fosters strong relationships across global teams, ensuring that every team member feels valued and connected.

American International Group, Inc.

Contact Detail:

American International Group, Inc. Recruiting Team

StudySmarter Expert Advice🤫

We think this is how you could land Senior Catastrophe Risk Analyst

Tip Number 1

Network like a pro! Reach out to current or former employees at AIG on LinkedIn. Ask them about their experiences and any tips they might have for landing the Senior Catastrophe Risk Analyst role. Personal connections can give you insights that job descriptions just can't.

Tip Number 2

Prepare for the interview by brushing up on your technical skills. Make sure you're ready to discuss catastrophe modelling in detail, especially using RMS and AIR. We want to see you shine with your analytical prowess and problem-solving skills!

Tip Number 3

Showcase your communication skills! Be ready to explain complex concepts in simple terms. This is crucial when working with underwriters and other teams. Practice explaining your past projects in a way that anyone could understand.

Tip Number 4

Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're genuinely interested in joining our team at AIG. Let's get you that interview!

We think you need these skills to ace Senior Catastrophe Risk Analyst

Catastrophe Modelling
Portfolio Management
Analytical Skills
Problem-Solving Skills
Property Insurance Knowledge
Reinsurance Knowledge
SQL Skills

Some tips for your application 🫡

Tailor Your CV:Make sure your CV is tailored to the Senior Catastrophe Risk Analyst role. Highlight your experience in catastrophe modelling and any relevant skills like SQL or automation. We want to see how your background fits with what we do!

Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about catastrophe risk management and how you can contribute to our team. Keep it engaging and relevant to the job description.

Showcase Your Technical Skills:Don’t forget to showcase your technical skills, especially in catastrophe modelling and data analysis. Mention specific tools you've used, like RMS or AIR, and how they’ve helped you in previous roles. We love seeing those details!

Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s straightforward and ensures your application goes directly to us. Plus, it shows you’re keen on joining our team!

How to prepare for a job interview at American International Group, Inc.

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 property insurance and reinsurance. This will show that you're not just familiar with the concepts but can also engage in technical discussions.

Showcase Your Analytical Skills

Prepare to demonstrate your analytical and problem-solving skills during the interview. Think of specific examples where you've successfully tackled complex issues in catastrophe modelling or portfolio management. This will help the interviewers see your practical experience in action.

Communicate Clearly

Since you'll need to explain technical concepts to non-technical audiences, practice simplifying complex ideas. Use relatable examples to illustrate your points. This skill is crucial for building relationships with underwriters and other stakeholders.

Be Ready for Process Automation Questions

Expect questions about your experience with process and reporting automation, particularly in Excel. Have examples ready that showcase how you've improved efficiency in your previous roles. This will highlight your ability to contribute to the digitisation and automation goals of the team.