Senior Catastrophe Modelling Analyst
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Job Description
Key Responsibilities:
- To ensure exposure data standards are well understood by Underwriting and actively monitored.
- To report and make data quality recommendations highlighting areas for improvement.
- To drive process efficiencies by embedding technology.
- To contribute towards a strategic roadmap, ensuring profitable portfolio growth and optimisation.
- Ensure processes are aligned with Westfield best practice, exceed Lloyd's Principles.
- To make risk level recommendations to drive Underwriting margin.
- To ensure excellent Cat modelling service levels and accuracy across all product lines.
- To conduct research into modelled perils and assist in validating market vendors and implementing an updated Westfield view of risk.
- To assist Underwriting teams in risk selection by performing marginal impact, tolerance management and portfolio optimization.
- To act as a Westfield representative at external forums, market bodies and conferences where appropriate.
Organisational Accountabilities:
- Data Requirements:
- To ensure all key deliverables are executed at the required frequency and quality.
- Communications:
- To assist in aligning Westfield modelling geographies, ensuring a globally consistent approach.
- To assist in forging strong relationships with Underwriting and EM teams.
- Strategy and Stakeholder Management:
- To work closely with underwriting leaders to improve risk selection and portfolio constitution.
- To assist in delivering underwriting goals.
- To participate in the selection of third-party models.
Skills/Competencies:
- Influencing skills - engaging and credible style, capable of building trust and respect within a matrix environment. Adapts style to suit cultural and environmental differences.
- Leadership - high level of enthusiasm and vision with which to inspire others.
- Analytical skills - leverages data and analytics to create actionable insight to improve performance.
- Creative self-starter - dynamic and driven, formulates new concepts, challenges the status quo.
- Collaborative - establishes excellent relationships, brings people closer together, a team player.
- Commercial acumen - synthesises analytical skill with commercial insight.
- Results orientated - consistently delivers results.
- Organisational skills - consistently delivers tasks and meets deadlines.
Qualifications:
- Excellent academic qualifications with a degree essential.
- Strong mathematical, modelling, technical background.
- Understanding of geological, meteorological, hydrological concepts advantageous
- Insurance qualifications are desirable but not essential.
Technical Skills & Experience:
- Minimum 4 years' catastrophe modelling experience.
- Experience of major vendor models RMS and/or AIR essential.
- Previous experience of catastrophe modelling andor exposure management in the Lloyds market.
- Previous experience of model evaluation desirable
- Experience of / proficiency in the use of mapping / analytical software, QGIS, Spatial Key etc. desirable.
- Must be proficient in Excel and the use of SQL.
- Additional programming skills, VBA, Python/R, an advantage.
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
About Us
Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd's of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.
About the Team
Westfield Specialty International Culture
Our culture is centred around three core values: Excellence, focused on high performance, agility and embracing change; Ambition, where inquisitiveness, challenge and a bold approach is encouraged; and Collaboration, delivering shared goals through collective expertise, diversity of thought and transparency. All three are underpinned by Reward & Recognition, where people are supported & respected, and success is celebrated.