Zurich Insurance Group

Catastrophe Modeler

Zurich Insurance Group$75K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Finance, Statistics, Mathematics, Meteorology, or Natural Sciences with 3-5 years of Catastrophe Modeling experience or equivalent qualifications.
  • Proficient in programming languages relevant to catastrophe modeling.
  • Preferred experience in the insurance or reinsurance industry.
  • Familiarity with catastrophe models such as AIR, RMS, and EQE.
  • Skilled in data mining, manipulation, and analysis.

Responsibilities

  • Calculate and validate catastrophe exposure across various segments and perils.
  • Validate incoming data from business segments and determine its suitability for modeling.
  • Guide business units to improve data quality and address significant exposure data issues.
  • Lead initiatives aimed at data quality enhancement and automation.
  • Analyze portfolio management aspects to track profitability and exposure shifts.
  • Report and communicate peril accumulations and exposure shifts to senior management.
  • Build and maintain strong relationships with key stakeholders across business units.

Benefits

  • Opportunities for personal and professional development.
  • Access to a robust employee assistance program.
  • Comprehensive health and wellness benefits.
  • Flexible work arrangements to support work-life balance.
  • Employee volunteer opportunities to engage with the community.
Full Job Description
Zurich Canada is looking for a Catastrophe Modeler to assesses Catastrophe exposure and contribute to the development of strategies for Catastrophic Risk pricing, under general direction, working closely with business unit and line of business leadership to enable the achievement of business plans Job Accountabilities - What you bring to the table • Calculates and / or validates catastrophe exposure for all business segments and/or perils within responsibility assigned. • Validates data received from business segments and interprets best fit for catastrophe modelling. • Provides expert guidance to business units to improve exposure data quality. Conducts corrections in cases where exposure data quality issues would have material impact on country results, escalates to senior management. • Leads data improvement initiates around data entry hygiene, automation of data reconciliation. • Supports key aspects of portfolio management, including analysis, to monitor profitability and shifts in assigned business segment and/or peril. • May lead projects for research, experience studies and other statistical analyses. • Tracks and understands shifts in catastrophe exposures, reports and communicates peril accumulations to senior management in the frequency required. • Builds and maintains good relationships with key stakeholders (LOB heads, data champions, IT, US stakeholders) in assigned BUs. • Provide consolidated views for local regulatory authorities as required. • Demonstrates familiarity with standard LOB risk characteristics. May have additional knowledge about other non-standard LOBs like Cyber or Casualty. • May lead catastrophe management initiatives for business units and/or segments as needs arise. • Influences the development and implementation of strategies involving catastrophic pricing and the optimization of capital. Responds to requests from other functions (e.g. risk management, Group Re). • Supports local and Group Cat Planning process in collaboration with members of Technical Underwriting and Finance teams. • May be responsible for maintenance and development of tools to streamline production of results. • Demonstrates specialized knowledge and expertise in products and industry and leads projects to develop technical standards. Job Qualifications - What you bring to the table Required: • Bachelors Degree in Finance, Statistics, Mathematics, Meteorology Natural Sciences and 3-5 years of experience in the Catastrophe Modeling area OR • Zurich Certified Insurance Apprentice including an Associate Degree in Finance, Statistics, Mathematics, Meteorology or Natural Science and 3-5 years of experience in the Catastrophe Modeling area OR • Masters degree in Finance Statistics, Mathematics, Meteorology or Natural Sciences and 2 or more years of experience in the analytical area AND • Programming experience Preferred: • Insurance and /or ReInsurance industry experience • Experience with catastrophe models such as AIR, RMS and EQE • Experience with data mining, manipulation and analysis • Knowledge of data visualization and mapping software • Analytical and problem-solving skills • Experience collaborating across functional business groups • Strong presentation, verbal and written communication skills • Insurance Industry Certifications (CPCU, ARM/ARe, Catastrophe Modeling) At Zurich Canada, we are committed to pay equity. We determine compensation based on objective criteria such as skills, experience, and internal equity. The salary range for this position is 75,000 - 120,000. This range reflects the expected pay for the role across Canada and may vary depending on factors like office location, specific responsibilities, and individual qualifications. As required by local law, Zurich provides in good faith a reasonable compensation range, but starting salaries may exceed this range based on a candidate's skills and experience.

About Zurich Insurance Group

Zurich Insurance Group is a Swiss insurance company founded in 1872. It is one of the world's largest insurance companies, operating in over 215 countries and territories. Zurich provides a wide range of insurance products and services, including property and casualty insurance, life insurance, and pensions. The company is committed to sustainability and has set ambitious targets to reduce its carbon footprint and promote renewable energy. Zurich is also actively involved in supporting local communities through various charitable initiatives.
Learn more about Zurich Insurance Group
Size
52,930 employees
Industry
NASDAQ

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