CAT Modelling Analyst II

  • Full-time
  • Verisk Business: Extreme Event Solutions

Company Description

ISO, a Verisk business, has been a leading source of information about property/casualty insurance risk since 1971. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. To learn more about ISO please visit us at:  www.verisk.com/iso. We are proud to be a part of the Verisk family of companies! 

At the heart of what we do is help clients manage risk. Verisk (Nasdaq: VRSK) provides data and insights to our customers in insurance, energy and the financial services markets so they can make faster and more informed decisions.   

Our global team uses AI, machine learning, automation, and other emerging technologies to collect and analyze billions of records. We provide advanced decision-support to prevent credit, lending, and cyber risks. In addition, we monitor and advise companies on complex global matters such as climate change, catastrophes, and geopolitical issues.  

But why we do our work is what sets us apart. It stems from a commitment to making the world better, safer and stronger.  

It’s the reason Verisk is part of the UN Global Compact sustainability initiative. It’s why we made a commitment to balancing 100 percent of our carbon emissions. It’s the aim of our “returnship” program for experienced professionals rejoining the workforce after time away. And, it’s what drives our annual Innovation Day, where we identify our next first-to-market innovations to solve our customers’ problems.   

At its core, Verisk uses data to minimize risk and maximize value. But far bigger, is why we do what we do. 

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work® Certification for the fourth consecutive year. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce. 

Job Description

Roles and Responsibilities

Main role is to understand, cleanse, validate and prepare catastrophe model exposure data for different Line of Business, Applying Insurance & Re-insurance policy conditions, analysis of client exposure data against to different perils, quantifying natural catastrophe risk based on catastrophe modeling software, preferably Touchstone. Audit/review the accounts done by analysts.

Maintain clients Turn Around Time and quality all the time. Also, should understand & interpret the losses, how the Touchstone works and audit/review the accounts done by risk analysts on need basis.

Qualifications

Skills Set Required (Mandatory)

  • 2 to 5 Years’ experience
  • Hands on experience on AIR (Touchstone / TS Re) software
  • Experience in CAT Modeling Industry
  • Should understand & interpret CAT Modeling losses.
  • Understanding of policy structure (layers, limits, deductibles) and how it works in insurance industry
  • Insurance & Re-insurance Subject, Underwriting concepts
  • Attention to detail and superior communication skills.
  • Analytical skills & Proficiency in Excel and SQL

Desirable Skill Set Required (Add-on)

Writing Macro’s using VB scripts, Underwriting concepts.

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