Catastrophe Modeling Analyst
Chicago, IL 
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Posted 27 months ago
Position No Longer Available
Position No Longer Available
Job Description

Primary Details

Time Type: Full time

Worker Type: Employee

At QBE, our purpose is to give people the confidence to achieve their ambitions inside and outside of work. From development opportunities, to flexible work options and highly competitive reward and benefits packages, we understand the importance of living our values when it comes to our people.

Everything we do at QBE is underpinned by our company's cultural elements - because we know it's not just what we do that matters, it's how we do it that makes the difference.

This opportunity is accountable for supporting the management of insurance product lines subject to catastrophe perils by producing catastrophe model results for portfolio risk analysis used in ratemaking, reinsurance pricing, exposure management, and catastrophe response. The main responsibilities include preparing catastrophe model exposure data and quantifying natural catastrophe risk based on commercial catastrophe modeling software such as RMS, AIR, EQE and/or proprietary models to assist with adherence to corporate capacity guidelines and deliver timely analyses for key stakeholders.

Primary Responsibilities

  • Provide data and information to support rating agency returns and reinsurance placements
  • Provide analytical support to catastrophe modeling team operations by sharing knowledge and information
  • Use technical expertise to resolve basic catastrophe modeling and risk issues from internal and external sources and escalating issues to ensure department delivers quality analyses and meets business needs and requirements
  • Provide assistance for complex projects by collaborating with peers and utilizing recommendations and feedback to collaboratively problem solve and complete analysis
  • Develop processes and scripts to facilitate data transfers and enhance risk calculations
  • Understand division/business unit catastrophe modeling and risk management practices
  • Contribute to a positive work environment by demonstrating cultural expectations and influencing others to reward performance and value "can do" people, accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, creativity and fun

Required Education

  • Bachelor's Degree or equivalent combination of education and work experience

Required Experience

  • 1-4 years relevant experience

Preferred Competencies/Skills

  • Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
  • Identify moderately complex problems and review related information to develop and evaluate options and implement solutions
  • Utilize effective research and investigative techniques
  • Analyze information and use logic to address work-related issues and problems
  • Implement planning to prioritize, organize, measure own work
  • Use multiple resources to gather information and use logic to address work-related issues and problems
  • Adapt and be flexible in a complex changing environment
  • Choose a solution to a problem even in ambiguous or difficult situations
  • Clearly and confidently convey information to business stakeholders
  • Keep an open-mind, consider unique approaches and be open to change and considerable variety in the workplace
  • Show drive and initiative
  • Demonstrated interest in personal learning and enhancing knowledge; confront unexpected circumstances as learning opportunities

Preferred Education Specifics

  • Degree in Mathematics, Applied Mathematics, Statistics, Operations Research, or Actuarial Science

Preferred Experience

  • Quantitative background in computer science, catastrophe models, and actuarial product line support
  • Knowledge of at least one catastrophe modeling software and catastrophe modeling concepts

Preferred Knowledge

  • Knowledge of at least one catastrophe modeling software and catastrophe modeling conceptsLicenses/CertificationsDepending on area of support, specific certification/s are preferred and may include one or more of the following: Chartered Property Casualty Underwriter (CPCU)Associate in Re-insurance (ARe)Risk Management designation - Certified Catastrophe Risk Analyst (CCRA)AIR Institute Certified Catastrophe Modeler (CCM)
  • Proficient in Microsoft Word, Excel, Access
  • Working knowledge of catastrophe modeling techniques
  • Current and possible future policies, practices, trends, technology and information affecting his/her business and organization; knows how the business works
  • Working knowledge of computer systems and software, including catastrophe modeling software
  • Working knowledge of economics, statistics, and actuarial science modeling techniques

QBE Cultural DNA

  • Everything we do at QBE is underpinned by our DNA (which interlinks seven cultural elements) - because we know it's not just what we do that matters, it's how we do it that makes the difference. We expect all employees to role model and inspire the right behaviours that link to our cultural elements:-We are customer-centred-We are technical experts-We are diverse-We are fast-paced-We are courageous-We are accountable-We are a teamAll employees are expected to adhere to QBE's Code of Ethics and Conduct and apply sound risk management practices

US Only - Travel Frequency

  • Infrequent (approximately 1-4 trips annually)

US Only - Physical Demands

  • General office jobs: Work is generally performed in an office environment in which there is not substantial exposure to adverse environmental conditions. Must have the ability to remain in a stationary position for extended periods of time. Must be able to operate basic office equipment including telephone, headset and computer. Incumbent must be able to lift basic office equipment up to 20 lbs.

US Only - Disclaimer

  • To successfully perform this job, the individual must be able to perform each essential job responsibility satisfactorily. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential job responsibilities.

Job Type

  • Individual Contributor

Global Disclaimer

  • The duties listed in this job description do not limit the assignment of work. They are not to be construed as a complete list of the duties normally to be performed in the position or those occasionally assigned outside an employee's normal duties. Our Group Code of Ethics and Conduct addresses the responsibilities we all have at QBE to our company, to each other and to our customers, suppliers, communities and governments. It provides clear guidance to help us to make good judgement calls.

#LI-NA

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

 

Position No Longer Available
Job Summary
Company
QBE Insurance Group Limited
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
1 to 4 years
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