Senior Catastrophe Research Analyst
Senior Catastrophe Research Analyst
Make your mark in Cat Modelling
How you will create an impact
This role will be part of AIG's Catastrophe Research & Validation Team. You will support the development of AIG's 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 AIG's View of Risk
- Validating new and existing vendor models
- Proposing adjustments to vendor out of the box views
- Implementing model change and upgrades
- Support AIG's 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 AIG's 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 Master's 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-$110,000. For positions based in Illinois, the base salary range is $84,600-$107,600 . For positions based in Massachusetts, the base salary range is $90,000-$110,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview .
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