CAT Modeling Jobs (CRF# REF27789T)

WNS is hiring CAT Modeling professionals for a global reinsurance client across below mentioned skill-mix. Kindly refer to the job description mentioned against the desired skill-mix. 

1. Portfolio Modeling (3+ years’ experience in end-to-end portfolio rollups)

2. Regulatory Reporting (4+ years’ experience in EDM/RDM/SCHEMA)

3. Model Validation (4+ years’ experience in Model Validation with tools like RMS/AIR)

4. Technical Solution (3+ years’ experience in SQL Query writing for CAT Modeling function)

JOB DESCRIPTIONS:

1. Portfolio Modeling

• Good understanding Cat Modeling process and workflows

• Run vendor catastrophe modeling platforms (primarily RMS, AIR, Elements) for insureds and perform portfolio risk analyses.

• Working knowledge of RMS model scope across worldwide peril-regions regarding sub-perils, amplification, etc. along with basic understanding of cat-modelling four-box principle concerning exposure, hazard, vulnerability modules and translation of insurance and (re)insurance financial terms through coding in RMS and SQL.

• Assist clients in the understanding of catastrophe risk of individual insured through analytics based on catastrophe model results.

• Provide analytical support to catastrophe modeling team operations by sharing knowledge and information• Develop processes and scripts for process improvements

• Provide timely and frequent feedback to team members.

• Preparing MIS reports

• Training and mentoring of team members inducted in the pricing process.

• Assisting in monthly post bind and portfolio rollup activities.

• Ensure all SLAs are met• Communication with onshore SPOCs at regular intervals.

2. Regulatory Reporting

Role and Responsibilities

• Good understanding Cat Modeling process and workflows.
• Run vendor catastrophe modeling platforms (primarily RMS, AIR, Elements) including accumulation analysis for reporting needs, whenever required
• Thorough knowledge of RMS EDM-RDM schema
• Ability to understand the requirements of regulatory submissions and further deliver them accordingly
• Understanding of RDS scenarios of Lloyds including Non-Modelled scenarios as well
• Working knowledge regulatory reports like LCM, RDS Scenarios, Terror Accumulations & reporting.
• Working knowledge of any other regulatory reports.
• Working knowledge of RMS model scope across worldwide peril-regions regarding sub-perils, amplification, etc. along with basic understanding of cat-modelling four-box principle concerning exposure, hazard, vulnerability modules and translation of insurance and (re)insurance financial terms.
• Provide analytical support to catastrophe modeling team operations by sharing knowledge and information
• Develop processes and scripts for process improvements
• Assisting in portfolio rollup activities.
• Ensure all SLAs are met
• Communication with onshore SPOCs at regular intervals.

3. Model Validation:

:• Perform model validation and provide recommendations on model use and/or required adjustments.

• Work with internal teams and external data providers on analysis, utilising available data including scientific information, claims and insured exposure

• Contribute to and lead Group projects as required, liaising with other teams globally.

• Produce customised reports on exposure and modelled results.

• Evaluate re/insurance pricing for individual accounts and product classes.

• Analyse catastrophe reinsurance structures and strategies to support reinsurance placements.

• Assist with the analysis of real time events and identify learnings from post-event reviews.

• Strong analytical and numerical ability, in order to interrogate large datasets

• Experience of working with re/insurance catastrophe data and/or catastrophe modelling software

• Excellent written and verbal communication skills, and the ability to explain technical concepts clearly

• Intermediate/Advanced Excel skills

• Pro-active attitude to identifying inefficient processes and developing improvements

Desirable Requirements

• Knowledge of commercial insurance and/or the catastrophe modelling industry

• Sound working knowledge of RMS/AIR and any other vendor modelling platforms

• Coding experience in a relevant language (e.g. SQL, VBA, R, C#)• Experience in using mapping software (e.g. GIS)

4. Technical Solution (SQL query):

• Catastrophe Modelling Analyst in the Accumulation Management department, working with the Technical Solutions team
• The Technical Solutions team is focused on developing customized in-house tools and databases for the Accumulation Management team, to streamline processes and organize data in an efficient manner
• Technical role with large potential for growth in responsibilities
• Develop an understanding of existing Catastrophe Modelling processes, licensed software, and the various in-house tools used to automate processes
• Maintain existing Accumulation Management tools. Debug errors in the code when users experience issues
• Assist users with technical questions. Explain how tools work and deliver training sessions when required
• Test new functionality prior to launch to ensure that tools are working as intended
• Support team to design and develop new tools to automate processes. Update user guides when needed
• Work with colleagues around the globe on ad-hoc projects