Job description
JOB SUMMARY
This 3rd level position is responsible for catastrophe analysis of direct property portfolios: North America Insurance, Programs and Global Markets. The Senior Catastrophe Analyst will interact with the other members of the department to ensure the coordination of daily collection and cleansing/creating policy and location files for use in Allied World’s catastrophe modeling operation. This position also ensures that sound quality data controls are being utilized. The Senior Catastrophe Analyst must have experience performing catastrophe analysis on all lines of insurance.
JOB DUTIES
- Maintain control record information for all bound business. (number of accounts, TIV, number of locations, etc)
- Perform quality assurance checks for all account statements of value (SOV).
- Scrub and Model submissions as required.
- Track and Report on exposures in high-hazard cat areas.
- Assist various Allied World departments (Globally) with their catastrophe analysis needs.
- Modeling accounts to produce exposure profiles, average annual loss (AAL) by location & PML/marginal impact on an individual account basis.
- Coordinate with external catastrophe analysts for reinsurance placements (Quota Share and Enterprise XOL).
- Assist in the producing of various rating agency questionnaires.
- Maintain active & current exposure databases as needed (North America Insurance, Program and Global Markets)
- Interact with underwriting assistants and underwriters to obtain complete and timely data.
- Interpret policy structure, code policy and location information data.
- Respond to Global Catastrophe Events with exposure reports and modelled estimates.
- Various reporting responsibilities and projects communicated from senior staff
Applicants should ideally possess the following
- High degree of experience performing catastrophe analysis.
- Computer or Mathematics education.
- 3+ years experience w SQL including creating complex scripts to extract data from databases
- 3 years P&C insurance industry experience.
- 3+ years modeling experience utilizing industry leading vendor software.
- 1+ year portfolio modeling experience.
- Proficiency with Microsoft Office
- Attention to detail and accuracy
About Fairfax
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
About Allied World
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial. Learn more about how we can help you manage your risk by visiting: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://www.linkedin.com/company/allied-world
Our generous benefits package includes: Health and Dental Insurance, 401k plan, and Group Term Life Insurance. Allied World Insurance Company is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, age, genetic information, marital or civil partnership status, family status, sexual orientation, gender identity, or their protected veteran or disability status. Please visit www.awac.com for further information on Allied World.
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