Jr. Catastrophe Risk Analyst (Finance)
JOB DESCRIPTION
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
The Junior Catastrophe Modeling Analyst will be responsible for analyzing and quantifying Chubb's North America Commercial Insurance exposure to natural catastrophe perils such as Hurricane, Earthquake, Severe Convective Storm, Flood and Wildfires. Such analyses require creating datasets from various data sources, performing analyses using multiple models and aggregation tools and communicating results to senior management.
A successful candidate will have the ability to work in a time bound and multiple stakeholder environment. Prioritization of multiple projects concurrently and ability to work both independently as needed while also working as a part of a team in cross-functional projects. The role brings an exciting opportunity to work with other members of the Corporate Catastrophe Solutions team within ERM, as well as senior stakeholders from the business including Underwriting, Actuarial, and Ceded Re.
Major Duties and Responsibilities:
- Assist with quarterly/monthly roll-up of North American Commercial Insurance exposure, analyzing and monitoring catastrophe risk via third part catastrophe models, internal tools and software.
- Adhere to corporate data quality standards while working with business units to ensure the highest degree of accuracy in the Cat perils modeled results.
- Provide insight back to key business stakeholders monitoring aggregation and PML movement over time and provide both detailed, highly quantitative reporting as well as high level summaries to the executive level.
- Coordinate with account modeling team located in Hyderabad with a focus on key initiatives to improve modeling efficiency and review high-impact account modeling results.
- Provide data, modeling results, and complete ad-hoc projects as needed from the Ceded Re, Actuarial, and Finance teams.
- Monitor and respond to catastrophic events in real-time, quantify potential impacts to in-force exposure and communicate to senior management.
- Respond to ad-hoc requests from the business.
- Enhance existing reporting capability and develop new reports to share with senior leadership within the Commercial Insurance division.
QUALIFICATIONS
Qualifications:
ABOUT US
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
