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- Tasks: Evaluate catastrophe risks and develop innovative insurance solutions using advanced data science techniques.
- Company: Join Berkshire Hathaway Specialty Insurance, a trusted leader in the insurance industry.
- Benefits: Competitive salary, growth opportunities, and a dynamic, non-bureaucratic work environment.
- Why this job: Make a real impact on insurance solutions while working with cutting-edge technology and diverse teams.
- Qualifications: Degree in engineering or science, strong analytical skills, and programming experience.
- Other info: Be part of a values-driven team that fosters inclusivity and collaboration.
The predicted salary is between 36000 - 60000 £ per year.
Job OpportunityBHSI is seeking a technically minded and passionate Catastrophe Risk Analyst with a background in engineering or science to join our Catastrophe Engineering and Analytics (CAT E&A) team. CAT E&A is an innovative and versatile technical team that conducts CAT-risk evaluations for traditional and parametric insurance solutions, develops independent risk models, and provides quantitative loss metrics to inform underwriting decisions. This opportunity is in our London / European offices.
Duties & Responsibilities
Utilizing proprietary and market catastrophe models to evaluate and develop insights for a diverse range of requests for quotes for catastrophe risks such as, but not limited to, earthquakes, tropical cyclones, severe convective storms, floods, wildfires, cyber attacks etc.
Structure and evaluate technical pricing metrics for parametric insurance solutions (FastCAT) for catastrophe risks
Analyze and collect data sets from claims, insurance quotes, hazard models, structural analysis, geospatial sources, and various other public / proprietary datasets to help build catastrophe models and an understanding of structuring and pricing decisions
Develop and maintain expertise in catastrophe modelling and data science techniques, and their application to understanding risk
Work with domain experts across teams and perils to enhance our use of available data
Propose and execute innovative solutions to insurance problems that directly impact BHSI underwriting decisions
Qualifications, Skills and Experience
B.S. or M.S. (preferred) in civil engineering, atmospheric science, earth science, actuarial science, mathematics, data science, or a related field
1-3 years of industry experience is preferred
Advanced knowledge of probability theory, statistics, data science
Practical experience in insurance, catastrophe model development, infrastructure or community resilience, and / or exposure data collection
Experience applying probability and statistical techniques to structural performance, natural catastrophe hazard, building exposure data, or insurance claims data
Strong written and verbal communication skills
Strong programming skills (Python, R, MATLAB, SQL, GIS preferred)
Highly motivated, detail oriented, and team player
BHSI Offers
A company with a truly unique opportunity and value proposition in the marketplace.
A competitive package and exciting growth opportunities for career-oriented teammates
A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates and our other stakeholders
A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework
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Catastrophe Risk Analyst employer: Berkshire Hathaway Specialty Insurance
Contact Detail:
Berkshire Hathaway Specialty Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Catastrophe Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to professionals in the insurance and catastrophe risk fields on LinkedIn. Join relevant groups, attend webinars, and don’t be shy about asking for informational interviews. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by researching BHSI and their unique culture. Understand their values of respect, integrity, and collaboration. We want to see how you can fit into our team and contribute to building the finest insurance company, so show us your passion and knowledge!
✨Tip Number 3
Practice your technical skills! Brush up on your programming languages like Python or R, and get comfortable with data analysis techniques. We’re looking for someone who can hit the ground running, so being able to demonstrate your expertise will definitely give you an edge.
✨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 us you’re genuinely interested in joining our team at BHSI. Let’s make this happen together!
We think you need these skills to ace Catastrophe Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Catastrophe Risk Analyst role. Highlight relevant experience in engineering or science, and showcase any specific skills that match the job description, like programming or data analysis.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Explain why you're passionate about catastrophe risk analysis and how your background makes you a great fit for BHSI. Don’t forget to mention our values and how you align with them!
Showcase Your Technical Skills: Since this role requires strong technical abilities, be sure to highlight your programming skills and any experience with catastrophe models. Use specific examples to demonstrate your expertise in data science and statistical techniques.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way to ensure your application gets the attention it deserves, and we can’t wait to see what you bring to the team!
How to prepare for a job interview at Berkshire Hathaway Specialty Insurance
✨Know Your Catastrophe Models
Make sure you brush up on the proprietary and market catastrophe models mentioned in the job description. Be ready to discuss how you've used these models in your previous roles or projects, and think about specific examples where your insights made a difference.
✨Show Off Your Data Skills
Since this role requires strong programming skills, be prepared to talk about your experience with Python, R, or SQL. You might even want to bring along a project or two that showcases your data analysis capabilities, especially if it relates to catastrophe risk.
✨Communicate Clearly
Strong written and verbal communication skills are key for this position. Practice explaining complex concepts in simple terms, as you may need to convey technical information to non-technical stakeholders during the interview.
✨Emphasise Team Collaboration
BHSI values teamwork and collaboration, so be ready to share examples of how you've worked effectively within a team. Highlight any experiences where you collaborated with domain experts or contributed to group problem-solving efforts.
