Catastrophe Modeling Analyst

IAT Insurance Group; Alpharetta (GA); Hybrid; USD 70,000 - 112,000; Full time

Job summary

An established industry player seeks a Catastrophe Modeling Analyst to join their dynamic team. This role offers a unique opportunity to engage in data manipulation and analysis, focusing on catastrophe modeling for reinsurance property lines. The ideal candidate will thrive in a hybrid work environment, collaborating with colleagues while also enjoying the flexibility of remote work. If you're a motivated professional eager to contribute to innovative solutions in the insurance sector, this position is perfect for you. Join a company that values teamwork, creativity, and a commitment to excellence in providing insurance solutions.

Benefits

26 PTO Days

12 Company Holidays

7% 401(k) Company Match

Profit Sharing

Hybrid Work Environment

Training and Development Opportunities

Healthcare and Wellness Programs

Performance-based Bonuses

College Loan Assistance

Educational Assistance Program

Qualifications

• 2+ years of experience in data analysis and catastrophe modeling.
• Strong desire to work in data manipulation and visualization.
• High proficiency in SQL and advanced Excel skills.

Responsibilities

• Estimate potential loss from natural peril disasters using modeling software.
• Identify risk exposure through loss and GIS analyses.
• Support catastrophe risk pricing and regulatory filings.

Skills

Data Manipulation

Analytical Skills

SQL

Microsoft Excel

Statistical Calculations

GIS/Geospatial Analysis

Education

Bachelor’s Degree

STEM Degree

Tools

Catastrophe Modeling Software

Python

R

C#

Job description

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IAT Insurance Group has an immediate opening for a Catastrophe Modeling Analyst. The ideal candidate possesses a versatile analytical toolkit and is a relentless learner, team contributor, and diligent technical professional. The ideal candidate will be able to perform and support business analysis, including catastrophe modeling for existing and prospective direct and assumed reinsurance property lines of business across the entire IAT Insurance Group enterprise.

Ideally, this role will work a hybrid schedule from any of IAT's Office locations. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working remotely on Thursday and Friday.

IAT Offices include but are not limited to:

• CT Cheshire
• FL Sarasota
• GA Alpharetta
• IL Naperville
• NC Raleigh
• NJ Jersey City
  
  
  

The role level/title (Analyst or Senior Catastrophe Modeling Analyst) will be determined based on the knowledge, skills, and experience demonstrated. Full-time remote will be considered for the right candidate.

Key Responsibilities:

• Estimate potential loss from simulated and actual (including real-time) natural peril disasters for individual risks and portfolios using catastrophe modeling software and related tools and approaches.
• Identify risk exposure to natural peril hazards by performing loss and GIS/geospatial analyses.
• Extract, evaluate, manipulate, implement, validate, document, and model input data from various sources to support analysis results reporting.
• Support catastrophe risk exposure pricing, ratemaking, regulatory agency filings, underwriting, claims, exposure management, reinsurance treaty placements, etc.
• Provide technical support for internal catastrophe modeling tools IAT underwriters and account managers utilize.
• Continually advance understanding of all aspects of catastrophe models and related considerations by studying professional literature, technical documentation, and vendor presentations.
• Develop and perform model and input data testing and validation as a key supporting function.
• Participate in change/update management that impacts or is driven by tools, data, methodologies, technology, models, vendor platforms, etc.
• Perform other duties as assigned.
  
  
  

Qualifications:

Must Have:

• Bachelor’s Degree and at least two years of experience or equivalent experience.
• Equivalent experience is six or more years of appropriate experience, demonstrable aptitude, or skillset.
• A strong desire to work in data manipulation, analysis, quantification, visualization, and reporting as a primary career focus.
• Solid technical abilities working with data structures, manipulation/engineering, analysis, reporting, and visualization; programming and query languages; relational databases; and GIS/geospatial.
• High proficiency in writing advanced SQL queries.
• Advanced skills in Microsoft Excel and VBA.
• High confidence in statistical calculations, probability, uncertainty, etc.
• Motivation to lead as a creative, hands-on, open-minded, and inquisitive contributor who can significantly contribute to, maintain, optimize, and/or (re)design the team's operational capabilities, automation, internal and customer-facing tools, output, approaches, and knowledge.
• Ability to enthusiastically engage in customer support and interactions.
• To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes.
  
  

Preferred to Have:

• A college degree in STEM.
• Advanced skills in Python, R, or other analogous scripting language.
• Two years of catastrophe, statistical, or other data modeling and analysis experience.
• Experience with property (re)insurance industry catastrophe modeling platforms, such as Verisk (formerly AIR) Touchstone or Touchstone Re.
• Industry experience with property (re)insurance.
• Familiarity with writing and revising code in C#.
• One or more of the following credentials: ISCM/iCAS, Verisk CEEM, RMS CCRA, CAS, The Institutes, etc.
  
  
  

Our Culture:

IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.

We offer comprehensive benefits like:

• 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
• 7% 401(k) Company Match and additional Profit Sharing
• Hybrid work environment
• Numerous training and development opportunities to assist you in furthering your career
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• College Loan Assistance Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy
  
  
  

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.

Compensation:

Catastrophe Modeling Analyst: Please note, that the annual gross salary range associated with this posting is $70,400 – $111,500. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

Senior Catastrophe Modeling Analyst: Please note, that the annual gross salary range associated with this posting is $80,800 – $127,900. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits

IAT Recruiter:

Steve Morley | Senior Recruiter

[e-mail]

www.linkedin.com/in/stevemorley916

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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