Allianz Commercial ยท 1 day ago
Expert CAT Risk Analyst
Chicago, IL
Full-time
Hybrid
Mid, Senior Level
$120K/yr - $140K/yr
5+ years expAllianz Commercial is committed to providing best-in-class CAT analytics and accumulation management solutions. The Expert CAT Risk Analyst will lead the CAT Risk Analytics & Services team, focusing on identifying and quantifying accumulation risks and applying catastrophe modelling techniques to ensure financial solvency.
Insurance
No H1B
Responsibilities
Serving as in house expert on reinsurance topics, including leading annual modeling activities related to reinsurance placement and renewal and working collaboratively with internal and external reinsurance teams and brokers
Running catastrophe loss modelling software (natural perils and terrorism) and prepare data extracts and reports for the monitoring of Allianz Commercial global loss potential, including portfolio analyses, CAT limit monitoring (Allianz Group and Allianz Commercial internal limits), supporting global business steering and providing input to ensure adequate reinsurance protection
Defining scope, agreeing on timeframes and executing deliverables with internal and external clients
Leading/mentoring others in global loss modelling activities and related analyses, including use of in-depth knowledge of model methodology and function to explain and validate modelled loss output
Collaborating with CUO LOBs and other relevant functions (Actuarial, Risk Management, Reinsurance, Risk Consulting, Claims, etc.) to support business steering and portfolio management, Solvency II requirements, reinsurance renewals and data quality improvements
Providing on the spot consultancy and translating/explaining CAT Modeling results and reports to internal stakeholders, including explaining portfolio impact (e.g., from model changes to internal clients)
Training and educating across Allianz Commercial, Allianz Group, as well as clients
Managing the evaluation process relating to modelling upgrades, GIS applications and other vendor catastrophe loss modelling software., as well as upgrade and change activities, including technical and portfolio impact analyses and documentations
Qualification
Required
A minimum of 5 years of insurance and/or reinsurance experience
Understanding of underwriting practice for industrial risks and corporate business on a global basis
Expert knowledge of Catastrophe Modeling and Catastrophe Modeling Software (RMS, AIR, EQECAT) and GIS (Geographical Information Systems) applications
Experience with MetaRisk, Igloo, ReMetrica or similar reinsurance modeling software
Project management experience
Ability to drive results, innovation and change
Excellent verbal and written communications skills with an ability to communicate with a variety of people across the organization
Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making
Degree preferably in Geosciences, Engineering or Mathematics, or other quantitative discipline
External applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship
Benefits
Annual performance-based cash incentive awards
Generous bonus scheme
Pension
Private healthcare
Generous parental leave benefits
Flexible working
Company
Allianz Commercial
Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Jennifer Partyka
Head of Cost Controlling CxO ex COO
Christina Hager
Sr. HR Business Partner
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