Catastrophe Analyst
Join us as a Catastrophe Research Analyst to take your career to the next level with a global market leader.
Make your mark in Cat Modelling
AIGâs model validation and research group consists of team members in the US & London, and an outsourced team in Bengaluru, India. The role will involve collaboration with this team, and with multiple external vendors (Moodyâs, Verisk, KatRisk), as well internal teams building bespoke tools. The job holder will lead the review of and take ownership of specific peril region models as directed by the Head of Catastrophe Research & Validation.
How you will create an impact
This role will be part of AIGâs Catastrophe Research & Validation Team. You will support the development of AIGâs internal view of risk for Natural Catastrophe, Terrorism, and other First Party Perils. Working with the Head of Catastrophe Research & Validation and other Cat Modelling Leaders, the job holder will support the implementation of industry leading analytics, research practices, and model development across the organisation.
Some of the key responsibilities include:
Lead innovative research on catastrophe risk, with a focus on peril regions most material to AIG
Support the development standardised best practices and view of risk strategy
Support end to end catastrophe model evaluation across the company:
Implementing AIGâs View of Risk
Validating new and existing vendor models
Proposing adjustments to vendor out of the box views
Implementing model change and upgrades
Support AIGâs assessment of climate change and impacts to climate related perils worldwide
Support climate change engagement with internal and external stakeholders
Work with Enterprise Risk Management partners to ensure views of risk are clearly documented and communicated in line with AIGâs model risk management policies
Support short and medium term efforts to transform internal catastrophe modelling process
Closely collaborate with functions such as Risk Engineering, Actuarial, Underwriting, and ERM to share insights and best practices across the organisation
Partner with the Data Office on strategic data initiatives, including supporting vendor/data provider capability assessments and contract reviews.
What you'll need to succeed
PhD or Masterâs degree in Climate Science, Natural Hazards, Applied Statistics, or a related subject
3+ years of experience in catastrophe research or model development, experience using RMS is preferred
Excellent understanding of the science of catastrophe modelling, and hands on experience writing model reviews and validation
A knowledge of catastrophe models including their strengths and weaknesses, and demonstrated expertise in the science of one or more peril regions
An understanding of climate change and its impact on insurance, and an interest in developing analytics and thought leadership in this area
A keen interest in the impact of modelling, on Underwriting decision making
An ability to communicate technical concepts in a non-technical manner
Excellent communication, presentation, and interpersonal skills
Strong programming skills including R, Python, and SQL
For positions based in New York, the base salary range is $93,000-$130,000. For positions based in Illinois, the base salary range is $104,600-$127,600 . For positions based in Massachusetts, the base salary range is $110,000-$130,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, weâre proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.
#LI-AIG
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 whatâs 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 securityâas well as your professional developmentâto 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 worldâs most far-reaching property casualty networks. It is an exciting time to join us â 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
Weâre committed to creating a culture that truly respects and celebrates each otherâs 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 AIGâs 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. Â
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