Catastrophe Risk Analyst

General Description:

In conjunction with the area Manager, conducts and develops catastrophe, quantitative and analytic models; in support of risk management efforts that assess the market and identify risks and gaps in existing or proposed processes. This position performs entry level reporting responsibilities as well as presenting the results in the form of reports, exhibits, maps, and graphs.  The position requires strong technical, analytic, and communication skills. Works closely with actuarial and systems teams to assist in making decisions regarding catastrophic risk. 

Essential Duties and Responsibilities:

Applies knowledge and industry best practices to quantify risk and aggregated exposures. 

Analyzes changes in exposure over time.

Prepares exposure data for review and processing.

Assess data quality and make necessary assumptions or recommendations to enhance management decision making. 

Applies innovative and quantitative analytical approaches to draw conclusions and make recommendations to answer business objectives and drive change.  Translates approved recommendations into communication materials to effectively present for peer and management review.

Engages in model validation and produces model and quantitative reports. 

Perform data calls and utilize ways to gain automation efficiencies.

Applies knowledge to produce analytical material (reports, maps, etc.) to assist team members in understanding the accumulation of risk. 

Considers the distribution of exposure and its effect on the portfolio.

Creates documentation for all procedures.

Performs other duties as required.

Supplemental Information:

This job description has been prepared to indicate the general nature and level of the work that the employees perform within their classification.  This description is not and cannot be interpreted as an inventory of all the duties, tasks, responsibilities and qualifications required for the employees assigned to this job.

Education and / or Experience:

A Bachelor’s degree in actuarial science, mathematics, risk management or a related field.

0- 2 years of related quantitative analysis experience. 

Skills in Microsoft Office applications particularly Excel, Access, Word, and PowerPoint.

Analytical, research and problem-solving skills.

Must be able to work under tight deadlines efficiently and with high quality. 

Must possess strong organizational skills with demonstrated attention to detail. 

Must be flexible and able to adapt in a changing business environment. 

Must possess a positive attitude and strong work ethic. 

Excellent verbal and written communication skills and the ability to interact professionally with a diverse group (executives, managers, and subject matter experts). 

Willingness to learn, be a team player, and adapt to a changing business environment.

Licenses and / or certifications:

None required.

Language:

Effective ability to communicate in English orally and in written form with management, internal and external customers, including ability to provide highly effective customer service. 

Math Skills:

Strong quantitative and analytical skills required. Applicants must be willing to learn sufficient statistics and techniques to be successful on the job.

Physical Demands:

The physical demands described here are representative of those that must be complied with by an employee to successfully perform the essential functions of this job. 

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

The employee may be required to sit in front of a computer monitor for long periods of time, generally for 6 to 8 hours each work day, with employee being able to take breaks throughout the day as necessary. 

The work is in the office and is considered a sedentary position.  It may require occasional walking and standing in addition to sitting at a desk.    It may require lifting of items, but at any time no more than 10-20 pounds typically. 

Work environment: 

The characteristics of the work environment here described are those that represent what the employee does while he/she performs the essential duties of the job. The company can reasonably accommodate disabled employees so that they can accomplish the essential functions of the job.

For on-site employees, the work is done in the interior of the building at normal temperature, air conditioning, good illumination, clean areas with minimal risks.

The noise level in the work environment is usually moderate. 

Off-site employees are exposed to temperature changes and moderate noise levels.

Competencies:

Adaptability

This competency measures employees’ ability to understand the purpose behind change. Employees with adaptability understand that any change needs to be communicated with a comprehensive approach to facilitate the process of adjustment. These employees can be flexible and work in a wide variety of situations, with individuals or groups. They effectively modify their behaviors to manage change. They understand and appreciate differences and opposite perspectives.  Adaptable employees understand how the ability of accepting and managing change makes possible the accomplishment of organizational objectives.

Application of functional and organizational knowledge

This competency is focused on employees’ technical and organizational knowledge and how these are applied for the benefit of the organization. Employees possess the skills and knowledge required for the position; and perform their duties competently. They align their own behaviors with the needs, priorities and objectives of the organization and act in such a way as to promote the company’s objectives and needs. They perform tasks within given time, avoid unnecessary interruptions and plan their time to comply with standards and achieve desired results. They understand how their decisions impact the organization.  They demonstrate the ability to apply their knowledge in every-day situations to obtain expected results. They show interest in developing new knowledge and skills. They are considered a learning resource for their teammates.

Customer focus

This competency focuses on employees’ ability to effectively manage their relationships with internal and external customers. Employees that demonstrate customer focus will perform their job according to service needs and customer’s demands; establishing relationships of trust and considering the customer as their number one priority. These employees abide by all compliance and process guidelines governing their responsibilities to ensure meeting service needs with a high degree of quality.

Strategic and analytical capabilities

This competency focuses on the skills that allow employees to anticipate future situations (advantages and threats) by performing a series of planned actions and by making decisions that are beneficial to the business.  Employees with this competency are able to analyze and understand situations from several perspectives. They demonstrate the ability to organize a problem or situation in a systematic way and can establish comparisons from different angles. They recommend action plans to meet objectives of the organization without losing perspective of its mission and vision.

Communication and interpersonal relationships

This competency is focused on the employees’ ability to transmit clear ideas to customers, colleagues and leaders to facilitate the communication process and to achieve the goals of the team. Employees with strong communication and interpersonal skills are able to listen carefully to understand the information and can respond with empathy. They promote an environment of professional respect which helps to maintain excellent working relationships.