CAT Modeling Referrals CRF REF27789T

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

1. Portfolio Modeling

2. Data Cleansing

3. Model Validation

4. Technical Solution (SQL Query)

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 perilregions regarding subperils amplification etc. along with basic understanding of catmodelling fourbox 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. Data Cleansing:

Understanding and preparing exposure data for multiple lines of business.

Working on complex and large datasets using MSExcel.

Data cleansing and analysis of COPE information (Construction Occupancy Protection and Exposure) and secondary modifiers.

Validating exposure data against set guidelines.

Prepare import files for RMS modelling platform.

GeoCoding the exposure data using Risk Link.

Modelling accounts in RMS/AIR platforms prepare results and provide modelling insights

Ensure timely completion of all deliverables.Preferred Skills/Knowledge

Knowledge of Insurance and Cat Modelling

Knowledge of RMS RiskLink

Good working knowledge of MSOffice Word Excel and Access

Working knowledge of SQL and Python is preferred

Excellent communication skills

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 postevent 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

Proactive 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 inhouse 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 inhouse 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 adhoc projects

Qualifications :

 Bachelors Degree in Mathematics/ Applied Mathematics/ Statistics/ Operations Research/ Actuarial Science

Remote Work :

No

Employment Type :

Fulltime