Analyst - Catastrophe Modeling

About Willis Towers Watson:

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets.
We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance.
Together, we unlock potential.

About the Team:

The Climate Practice Team at WTW focuses on helping corporates to gain control over their physical climate change risks from acute and chronic perils, by conducting a comprehensive assessment of asset exposure to various natural catastrophe and climate hazards. This entails identifying assets with elevated risk levels, additionally formulating recommendations for risk management, adaptation, and mitigation measures.

Job Summary:

The candidate would be joining a team of industry leading experts spanning across the fields of insurance, science and engineering with the aim of providing unrivalled analytical modelling solutions. One of the key aspects of this opportunity will be that the candidate will be expected to develop in-depth risk management solutions for clients using recognized catastrophe vendor models such as risk management solutions and Catastrophe Risk, and in-house risk quantification models/tools.

Principal Duties/Responsibilities:

• Gather information and analytics to assess and evaluate client risks to support the placement of client risks into the market.

• Compare schedule of values year over year and advise of changes in the risk profile.

• Prepare individual property insurance data for catastrophe risk analysis.

• Enter the data into catastrophe models.

• Support the United States of America Catastrophe Modelling team.

• Run catastrophe models for portfolio risk analyses and monthly portfolio modelling where needed to support United States of America Catastrophe Modelling team.

• Provide real-time loss estimates of actual catastrophic events.

• Provide flood zone analysis.

• Ensure that quality and compliance procedures and processes are adhered to.

• Record and maintain all information accurately on the appropriate systems.

• Maintain Portfolio Exposure Data Model

• Work closely with associates from other departments that support the Risk Management System /AIR modelling process (i.e. construction).

Graduate/Post-Graduate degree in a quantitative field such as Mathematics, Statistics, Engineering or equivalent.

Skills and Experience:

• 1 - 3 years of industry experience.

• Solid communication skills (written and verbal); demonstrates active listening and note taking.

• Business Acumen: demonstrates basic knowledge/understanding of insurance business.

• Project Management: ability to execute assigned tasks in timely fashion.

• Adaptable and receptive to feedback; will seek guidance when needed.

• Insurance Technical skills; demonstrates knowledge of core insurance principles. Understands coverage forms and principles.

• Strong technology acumen – ability to utilize technology-based record management systems; advanced Microsoft Office skills and familiarity with other relevant online tools.