Catastrophe Modeling Analyst II

AIG

Education
Industry
Experience
Workhours

Functional Area:

RK - Risk

Estimated Travel Percentage (%): No Travel

Relocation Provided: Yes

AIG ANALYTICS & SERVICES PRIVATE LIMITED

Job Highlights:

The role will perform Insurance account modeling  processes within the  Analytics Group of the CoE and will report into a Cat Account Team Leader

Key responsibilities include:

- Providing insurance account data entry, enhancement, coding and modeling support to underwriting and regional catastrophe teams globally
- Processing submission data files within stipulated time frames by entering them into account modeling systems, translating and coding to model recognizable format(s), and assessing and correcting location addresses and geocoding using Google
- Perform desktop reviews
 • Geo Code verification & Google Earth aerial imagery
 • Location Determination (grouping of site assets)
 • Valuation Check (Insurance to Value determination)
 • EQ Zone determination/verification
 • Wind Zone determination/verification
 • Flood Zone determination/verification
 • Flood Loss Estimates for exposed locations using proprietary tools

- Modeling accounts to estimate catastrophe losses from all perils using multiple catastrophe models
- Providing catastrophe modeling results to support the pricing and underwriting process
- Modeling one or more different policy structures per account, and multiple options as requested by the underwriter
- Documenting assumptions and updating data and model dictionaries

Technical Skills and Competencies:

- Individual with a bachelor degree in engineering, preferably within one of the following disciplines (Chemical, Electrical, Civil or Mechanical) or University Degree  (B.Sc Maths, B.Com -Finance/ MBA Finance) with 60% or above

- Proficient with MS Office and internet based research
- Prior experience  (2-3 years)  in insurance data management and account modeling
- Knowledge of insurance is desirable, but not essential
- Must demonstrate oral and written communication skills along with analytical and logical thinking skills
- Candidate must be organized, self motivated and willing to learn more about the basics of commercial and/or energy insurance, underwriting processes, insurance coverage terms and conditions, and catastrophe modeling for underwriting.

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives

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Confirmed 12 hours ago. Posted 30+ days ago.

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