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Catastrophic Modeler Jobs - Mumbai - Populus

Eligibility : BSc(Mathematics, Phy, Stati)

Location : Mumbai

Last Date : 09 Oct 2016

Experience Required: Freshers

Hiring Process : Written-test, Face to Face Interview, Telephonic Interview

Populus - Job Details

ROLE SUMMARY                             

  • The role requires deep analytical and organizational skills, the capability to see the wider picture while maintaining an eye for detail, and the ability to maintain a rigorous process and high-quality output under time pressure. 
  • The ideal candidate should display active and quick self-learning qualities along with the ability to work in different teams and contribute to the knowledge sharing and other activities for team and individual development.
  • Successful candidates will be degree educated, ideally have experience of working within the insurance industry and will be confident with computers and figures
  • This position is based in Thane-India.

DUTIES AND RESPONSIBILITIES                       

Although the main goal of a catastrophe modeler is to produce probabilistic estimates of losses to insurance companies due to various perils including earthquake, windstorm, etc., the other duties and responsibilities of this position include: 

  • Preparing data for auditing – data cleansing, data checks and importing data from Excel, text, etc. into SQL Query Analyzer.
  • Data auditing – creating summary reports of client provided exposure data including effective data editing in SQL.
  • Implementing changes to the data following the Client’s response to the audit report
  • Preparing model input files & importing data into models using assumptions from the audit report
  • Setting up and running multiple, latest catastrophe models (RiskLink /CLASIC2 & Touchstone/WorldCAT& RQE) as well as in-house models.
  • Modeling for various perils including  Earthquake, Windstorm, Flood, Terrorism on Property as well as Worker’s Compensation exposures (Detailed and Aggregate models)
  • Preparation of catastrophe modeling reports (loss reports, reinsurer reports, etc.) including result interpretation
  • Undertaking model sensitivity analysis of catastrophe modeling software.
  • Preparation of maps, graphs using various tools like ArcGIS, Spatial Key, etc. and various other reports using proprietary tools (iFM, ReCast, etc.).
  • Explaining factors driving losses for a given portfolio/account.
  • Undertaking accumulation management for various reports, including Supplementary Rating Questionnaire (SRQ) along with a study on Solvency II.

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