Analyst II - CAT Modelling

Chubb European Group Ltd.; Bengaluru; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Chubb Ltd. is seeking a candidate to conceptualize frameworks, plan projects, and propose innovative solutions for risk modeling and process improvement in coordination with stakeholders.

The role involves understanding tools like Risk Link, Risk Modeler, and AIR, eliciting requirements, and developing business cases. The position requires translating requirements to all stakeholders, maintaining process documentation, and ensuring compliance.

Responsibilities

• Conceptualize, build framework, and propose solutions to stakeholders.
• Plan and implement projects to support best practices and innovate new processes that will boost team’s effectiveness.
• Understand vendor tools like Risk Link, Risk Modeler and AIR.
• Elicit requirements & use cases and develop business cases.
• Organize, simplify, translate, and communicate requirements to all stakeholders.
• Regularly update/create process documents for the assigned projects.
• Communicate with business owner and other onshore counterparts to indicate understanding of the assigned tasks as well as to make clarifications when necessary.
• Understand current Cat modeling workflows and recognize opportunities for process improvement.
• Risk link accumulation and PTM/Risk link functionalities.
• Basic Understanding on financial terms and how it is interpreted by different models (e.g.: RMS/AIR).
• Performs basic interpretation of the results (Ex: Client loss exceed/less than deductible, Gross loss exceeding limits, treaty recoveries).
• Participate in Learning and Development Programs.
• Undertake analysis and/or research to identify anomalies, trends, and opportunities for improvement.
• Plan and implement projects to support best practices and innovate and/or develop new processes that will boost team’s effectiveness.
• Seeks assistance from Team Lead or Chubb Supervisors as needed.
• Provides guidance to junior members as needed.
• Complies with administrative activities, MIS reporting, and other compliance requirements as directed.
• Performs other related duties as required by the Team Lead and/or supervisor.
• Working knowledge on portfolio level analysis and learning new Tools quickly will be an added advantage.

Job description

Responsibilities

• Conceptualize, build framework, and propose solutions to stakeholders.
• Plan and implement projects to support best practices and innovate new processes that will boost team’s effectiveness.
  • Understand vendor tools like Risk Link, Risk Modeler and AIR.
  • Elicit requirements & use cases and develop business cases.
  • Organize, simplify, translate, and communicate requirements to all stakeholders.
  • Regularly update/create process documents for the assigned projects.
• Communicate with business owner and other onshore counterparts to indicate understanding of the assigned tasks as well as to make clarifications when necessary.

• Understand current Cat modeling workflows and recognize opportunities for process improvement.

• Risk link accumulation and PTM/Risk link functionalities.

• Basic Understanding on financial terms and how it is interpreted by different models (e.g.: RMS/AIR).

• Performs basic interpretation of the results (Ex: Client loss exceed/less than deductible, Gross loss exceeding limits, treaty recoveries).

• Participate in Learning and Development Programs.
• Undertake analysis and/or research to identify anomalies, trends, and opportunities for improvement.
• Plan and implement projects to support best practices and innovate and/or develop new processes that will boost team’s effectiveness.
• Seeks assistance from Team Lead or Chubb Supervisors as needed.
• Provides guidance to junior members as needed.
• Complies with administrative activities, MIS reporting, and other compliance requirements as directed.
• Performs other related duties as required by the Team Lead and/or supervisor.
• Working knowledge on portfolio level analysis and learning new Tools quickly will be an added advantage.