At a Glance
- Tasks: Lead catastrophe modelling and develop automated reporting frameworks for global insurance platforms.
- Company: Join AIG, a global leader in Catastrophe Risk Management.
- Benefits: Comprehensive benefits package focused on health, wellbeing, and professional development.
- Other info: In-person collaboration is key to our supportive culture and career growth.
- Why this job: Make a real impact in risk management while collaborating with diverse teams worldwide.
- 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.
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. Day to day pricing and portfolio roll-up is carried out at our Centre of Excellence (CoE) in Bangalore, India. The UK Catastrophe Risk Management team is part of a wider Global Underwriting Analytics team with individuals located across the US, and in London and Singapore.
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.
Senior Catastrophe Risk Analyst employer: American International Group, Inc.
AIG is an exceptional employer for a Senior Catastrophe Risk Analyst, offering a dynamic work environment in Bangalore that fosters collaboration and innovation. With a strong focus on employee growth, AIG provides comprehensive benefits and a supportive culture that prioritises health, wellbeing, and professional development, making it an ideal place for those looking to make a meaningful impact in catastrophe risk management.
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 employees at AIG or in the catastrophe risk field on LinkedIn. Ask them about their experiences and any tips they might have for landing a role like the Senior Catastrophe Risk Analyst.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Make sure you can confidently discuss catastrophe modelling processes and how you've applied your analytical skills in past roles. We want to see that you can walk the talk!
✨Tip Number 3
Showcase your soft skills! Being able to communicate complex concepts in a simple way is key. Think of examples where you've successfully collaborated with underwriters or other teams, and be ready to share those stories.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining our team at AIG.
We think you need these skills to ace Senior Catastrophe Risk Analyst
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 emphasise 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 a candidate who knows their stuff!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
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 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 tackled complex issues in catastrophe modelling or portfolio management. Use data-driven insights to back up your claims and impress the interviewers.
✨Communicate Clearly
Since you'll need to explain technical concepts to non-technical audiences, practice simplifying complex ideas. During the interview, aim to communicate your thoughts clearly and concisely, ensuring that everyone understands your points without getting lost in jargon.
✨Build Relationships
Highlight your experience in building strong relationships with underwriters and other stakeholders. Prepare examples of how you've collaborated with different teams to integrate catastrophe modelling insights into business strategies. This will show that you understand the importance of teamwork in this role.
