Catastrophe Analyst

Catastrophe Analyst

Join us as a Catastrophe Research Analyst to take your career to the next level with a global market leader.

Make your mark in Cat Modelling

AIG’s model validation and research group consists of team members in the US and London, and an outsourced team in Bengaluru, India. The role will involve collaboration with this team and multiple external vendors, as well as internal teams building bespoke tools. The job holder will lead the review of and take ownership of specific peril region models as directed by the Head of Catastrophe Research and Validation.

How you will create an impact

This role will be part of AIG’s Catastrophe Research and Validation Team. You will support the development of AIG’s internal view of risk for Natural Catastrophe, Terrorism, and other First Party Perils. Working with the Head of Catastrophe Research and Validation and other Cat Modelling Leaders, the job holder will support the implementation of industry-leading analytics, research practices, and model development across the organisation.

Some of the key responsibilities include:

• Lead innovative research on catastrophe risk, focusing on peril regions most material to AIG.
• Support the development of standardised best practices and view of risk strategy.
• Support end-to-end catastrophe model evaluation across the company:
  • Implementing AIG’s View of Risk.
  • Validating new and existing vendor models.
  • Proposing adjustments to vendor out-of-the-box views.
  • Implementing model change and upgrades.
• Support AIG’s assessment of climate change and impacts to climate-related perils worldwide.
• Support climate change engagement with internal and external stakeholders.
• Work with Enterprise Risk Management partners to ensure views of risk are clearly documented and communicated in line with AIG’s model risk management policies.
• Support short and medium-term efforts to transform internal catastrophe modelling processes.
• Closely collaborate with functions such as Risk Engineering, Actuarial, Underwriting, and ERM to share insights and best practices across the organisation.
• Partner with the Data Office on strategic data initiatives, including supporting vendor/data provider capability assessments and contract reviews.

What you'll need to succeed

• PhD or Master’s degree in Climate Science, Natural Hazards, Applied Statistics, or a related subject.
• 3+ years of experience in catastrophe research or model development, with experience using RMS preferred.
• Excellent understanding of the science of catastrophe modelling, with hands-on experience writing model reviews and validation.
• A knowledge of catastrophe models including their strengths and weaknesses, and demonstrated expertise in the science of one or more peril regions.
• An understanding of climate change and its impact on insurance, with an interest in developing analytics and thought leadership in this area.
• A keen interest in the impact of modelling on Underwriting decision making.
• An ability to communicate technical concepts in a non-technical manner.
• Excellent communication, presentation, and interpersonal skills.
• Strong programming skills including R, Python, and SQL.

For positions based in New York, the base salary range is $93,000-$130,000. For positions based in Illinois, the base salary range is $104,600-$127,600. For positions based in Massachusetts, the base salary range is $110,000-$130,000. The position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing, and financial security—as well as your professional development.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions, and goals. We foster a culture of inclusion and belonging through learning and cultural awareness activities.

AIG provides 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.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.

Functional Area:

AC - Actuarial

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