CAT Modeling Analyst

Applied Underwriters; Omaha (NE); On-site; USD 80,000 - 120,000; Full time

Benefits offered by this job

100% employer-paid medical, dental, &

4% 401(k) company match

Paid time off & holidays

On-site pharmacy delivery

Life, disability, critical illness &..

Employee Assistance Program (EAP)

Pre-tax Flexible Spending Accounts

Tuition reimbursement

Fitness reimbursement

Job summary

Applied Underwriters in Omaha, NE seeks a CAT Modeling Analyst to manage and analyze catastrophe exposure data, applying policy conditions and preparing data for modeling. You will use catastrophe modeling software to quantify natural catastrophe risk and assess client exposure across lines of business.

The role emphasizes collaboration with team members to incorporate reinsurance structures into models. A strong analytics background with property catastrophe modeling experience is essential,

Qualifications

• Bachelor’s degree in math, statistics, actuarial science, data analytics, or related field.
• 2+ years of property catastrophe modeling experience in the insurance or reinsurance industry.
• Experience modeling natural catastrophe perils and analyzing catastrophe model output.
• Insurance and/or reinsurance experience and an understanding of underwriting concepts.
• Working knowledge of SQL Server, Microsoft Excel, and catastrophe modeling software; Verisk Touchstone experience is preferred.
• Experience with Excel automation, VBA, or other scripting/programming tools.
• Casualty catastrophe modeling experience is a plus.

Responsibilities

• Manage and analyze catastrophe exposure data across lines of business.
• Cleanse, validate, and prepare CAT exposure data; apply policy conditions.
• Analyze client exposure data against various perils.
• Model and quantify natural catastrophe risk with modeling software.
• Collaborate to incorporate reinsurance structures into modeling and exposure management.
• Work independently and with the team to assess risk.

Skills

Analytical thinking

Statistical analysis

Programming (VBA)

Team collaboration

Education

Bachelor’s degree in Math, Statistics, Actuarial Science, Data Analytics, or related field

Tools

SQL Server

Excel

Catastrophe modeling software

Verisk Touchstone

VBA

Job description

Embark on a rewarding career journey at Applied Underwriters, where employees have been at the heart of our success story for more than 30 years. Headquartered in Omaha, NE, our company thrives on innovation and empowers our employees to shape the future of global risk services. Join a team where your ideas are valued and your talents are nurtured with formal, paid training and mentorship. Experience a workplace culture that celebrates initiative, recognizes results, and provides outstanding benefits that allow you to focus on achieving your full potential.

The CAT Modeling Analyst’s primary role is to manage and analyze catastrophe exposure data across various lines of business. Responsibilities include understanding, cleansing, validating, and preparing CAT exposure data, applying insurance and reinsurance policy conditions, and conducting in-depth analysis of client exposure data against different perils. The CAT Modeling Analyst will utilize catastrophe modeling software to model and quantify natural catastrophe risk. Additionally, the analyst will collaborate with team members to incorporate reinsurance structures into modeling and exposure management, ensuring comprehensive risk assessment and management. The ideal candidate will have prior property catastrophe modeling experience, strong analytical and technical skills, and the ability to work both independently and collaboratively. Experience with casualty catastrophe modeling is a plus.

Requirements:

• Bachelor’s degree in Math, Statistics, Actuarial Science, Data Analytics, or a related field.
• Two or more years of property catastrophe modeling experience in the insurance or reinsurance industry.
• Experience modeling natural catastrophe perils and analyzing catastrophe model output.
• Insurance and/or reinsurance experience and an understanding of underwriting concepts.
• Working knowledge of SQL Server, Microsoft Excel, and catastrophe modeling software; Verisk Touchstone experience is preferred.
• Experience with Excel automation, VBA, or other scripting/programming tools.
• Casualty catastrophe modeling experience is a plus.

Our Benefits Include:

• 100% employer-paid medical, dental, and vision insurance for employees.
• 401(k) plan with 100% immediate vesting and a 4% company match.
• Paid time off (PTO) and paid holidays.
• On-site pharmacy, Promesa, provides convenient prescription delivery directly to you.
• Life, disability, critical illness and accident insurance.
• Employee Assistance Program (EAP).
• Pre-tax Flexible Spending Accounts for health, dependent care, and commuter-related expenses.
• Tuition reimbursement.
• Fitness reimbursement and various additional quality-of-life benefits.

Applied Underwriters is a global risk services firm helping business and people manage uncertainty through its business services, insurance, and reinsurance solutions. As a company, we truly operate differently within our business sector. Applied Underwriters has one of the highest customer retention rates in the industry - a success directly attributed to our employees and their high level of commitment, hard work, and ambition.