Technical Specialist, Cat Risk

Job Description

JD- Technical Specialist, Cat Risk - Reinsurance, Noida/Bengaluru Department Analytical & Data Services team provides an integrated suite of data and analytical services and solutions based on RMS catastrophe models, that global insurance and reinsurance clients rely on for making decisions on underwriting, portfolio management, capital management and risk transfer. The team works with exposure data of a majority of Fortune 500 corporate accounts, analysing the quality of data, assessing clients exposure to catastrophic events, and providing insights on loss drivers and distributions, using RMS models. Analysts on the team specialize in data interpretation, data analytics, data quality, financial policy structures, and a deep understanding of sophisticated catastrophe models of perils including earthquake, hurricane, and terrorism. We are looking for self-driven and independent analysts who are keen to learn about catastrophe insurance market and bring their own skills, experience and enthusiasm to move the group forward in its mandate to become a truly indispensable service for our clients. Objective of the Technical Specialist, Cat Risk - Reinsurance As a Technical Specialist, Cat Risk - Reinsurance, the applicant will be highly involved in the study of client s data, understanding and application of its reinsurance structure and quantification of associated risk using a variety of database tools, analysing and interpreting data using RMS technologies and trademark software products and providing observations, recommendations and highlight client on potential high hazard risks involved as well as working with other RMS departments and directly with clients. Key Accountabilities & Deliverables
• Demonstrate good understanding of catastrophe modelling and (Re)Insurance and apply best practices and concepts to reflect in your day to day work.
• Participate actively in your project activities and maintain highest standards of quality of work.
• Demonstrate understanding of RMS Products including new products as they are released.
• Demonstrate understanding about the focus markets for RMS and the reasons why clients use the different RMS products and services.
• Conducting process related training for junior analysts and new joiners to enhance their understanding of the process
• Peer review of work done by other analysts
• Contribute towards and compile content for internal or external client reports.
• Perform meticulous project documentation of all aspects of a project, particularly focusing on the rationale for decisions and exceptions.
• Provide input for process improvements in project involved which addresses a prior or foreseeable concern or increases efficiency.
• This role being Reinsurance focussed, the individual should have high interest and passionate in keeping abreast of Reinsurance concepts and market knowledge that will add value to the team
• Support the client in understanding the output of analysis, comparing different model results and explain to the client.
Requirement:
• Bachelor of Engineering (B.E./B.Tech) or Master s in Mathematics / Statistics / Operations / Operations Research / Economics / Insurance
• 2-5 years of experience in CAT Modelling industry. Good understanding of Catastrophe vendor model modules, Reinsurance concepts and practical application in CAT vendor model is a prerequisite.
• Strong analytical and problem-solving abilities.
• Excellent written and verbal communication.
• Enthusiasm to work in a team
• Self-driven individual with focus on providing top quality output to the client
• Preferred: Good Database and data manipulation skills - working knowledge of Excel, Access, and SQL is a must; VBA or any other programming language helpful in automation is an added advantage.
To all recruitment agencies: RMS does not accept unsolicited agency resumes and will not be responsible for the payment of placement fees related to unsolicited resumes submitted to open positions, job aliases, or to our employees.,

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