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IAT Insurance Group
Naperville, IL | Full Time
$75k-99k (estimate)
2 Months Ago
Catastrophe Modeling Analyst
IAT Insurance Group Naperville, IL
$75k-99k (estimate)
Full Time | Insurance 2 Months Ago
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IAT Insurance Group is Hiring a Remote Catastrophe Modeling Analyst

IAT Insurance Group has an immediate opening for a Catastrophe Modeling Analyst. The ideal candidate possesses a versatile analytical toolkit and is a relentless learner, team contributor, and diligent technical professional. The ideal candidate will be able to perform and support business analysis, including catastrophe modeling for existing and prospective direct and assumed reinsurance property lines of business across the entire IAT Insurance Group enterprise.
Ideally, this role will work a hybrid schedule from any of IAT's Office locations. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working remotely on Thursday and Friday. The role level (Associate Catastrophe Modeling Analyst or Analyst) will be determined based on the knowledge, skills, and experience demonstrated.

Key Responsibilities:

  • Estimate potential loss from simulated and actual (including real-time) natural peril disasters for individual risks and portfolios using catastrophe modeling software and related tools and approaches.
  • Identify risk exposure to natural peril hazards by performing loss and GIS/geospatial analyses.
  • Extract, evaluate, manipulate, implement, validate, document, and model input data from various sources to support analysis results reporting.
  • Support catastrophe risk exposure pricing, ratemaking, regulatory agency filings, underwriting, claims, exposure management, reinsurance treaty placements, etc.
  • Provide technical support for internal catastrophe modeling tools IAT underwriters and account managers utilize.
  • Continually advance understanding of all aspects of catastrophe models and related considerations by studying professional literature, technical documentation, and vendor presentations.
  • Develop and perform model and input data testing and validation as a key supporting function.
  • Participate in change/update management that impacts or is driven by tools, data, methodologies, technology, models, vendor platforms, etc.
  • Perform other duties as assigned.

Qualifications:
Must Have:

  • Bachelor’s Degree and at least two years of experience or equivalent experience.
    • Equivalent experience is six or more years of appropriate experience, demonstrable aptitude, or skillset.
  • A strong desire to work in data manipulation, analysis, quantification, visualization, and reporting as a primary career focus.
  • Solid technical abilities working with data structures, manipulation/engineering, analysis, reporting, and visualization; programming and query languages; relational databases; and GIS/geospatial.
    • High proficiency in writing advanced SQL queries.
    • Advanced skills in Microsoft Excel and VBA.
  • High confidence in statistical calculations, probability, uncertainty, etc.
  • Motivation to lead as a creative, hands-on, open-minded, and inquisitive contributor who can significantly contribute to, maintain, optimize, and/or (re)design the team's operational capabilities, automation, internal and customer-facing tools, output, approaches, and knowledge.
  • Ability to enthusiastically engage in customer support and interactions.
  • To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes.

Preferred to Have:

  • A college degree in STEM.
  • Advanced skills in Python, R, or other analogous scripting language.
  • Two years of catastrophe, statistical, or other data modeling and analysis experience.
  • Experience with property (re)insurance industry catastrophe modeling platforms, such as Verisk (formerly AIR) Touchstone or Touchstone Re.
  • Industry experience with property (re)insurance.
  • Familiarity with writing and revising code in C#.
  • One or more of the following credentials: ISCM/iCAS, Verisk CEEM, RMS CCRA, CAS, The Institutes, etc.

Our Culture:
IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.
At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.
We offer comprehensive benefits like:

  • 26 PTO Days (Entry Level) 12 Company Holidays = 38 Paid Days Off
  • 7% 401(k) Company Match and additional Profit Sharing
  • Hybrid work environment
  • Numerous training and development opportunities to assist you in furthering your career
  • Healthcare and Wellness Programs
  • Opportunity to earn performance-based bonuses
  • College Loan Assistance Support Plan
  • Educational Assistance Program
  • Mentorship Program
  • Dress for Your Day Policy

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
IAT Recruiter:
Steve Morley | Senior Recruiter
steve.morley@iatinsurance.com
www.linkedin.com/in/stevemorley916

Job Summary

JOB TYPE

Full Time

INDUSTRY

Insurance

SALARY

$75k-99k (estimate)

POST DATE

03/31/2024

EXPIRATION DATE

05/15/2024

WEBSITE

iatinsurancegroup.com

HEADQUARTERS

RALEIGH, NC

SIZE

500 - 1,000

FOUNDED

1991

REVENUE

$50M - $200M

INDUSTRY

Insurance

Related Companies
About IAT Insurance Group

IAT Insurance Group (IAT) is a specialty insurance company headquartered in Raleigh, North Carolina, providing a wide range of property and casualty insurance products and surety bonds to meet the needs of individuals and businesses. IAT consists of seven operating divisions, each sharing the same quality standards, commitment to service and innovation, and an overall mission of excellence. As an organization, we leverage our experienced leadership, sound analytics, proven operating platforms and extensive risk capabilities across the entire enterprise to deliver specialized, sustainable solut...ions for our customers. With 30+ office locations, IAT has a large footprint throughout the United States. As a privately owned organization, consisting of more than 900 employees, we are able to act strategically within an ever-changing marketplace. We are large enough to make a difference in the industry but small enough to be agile and nimble. Our focus includes meeting customer needs and fostering an exceptional agent and broker network to serve clients. We strive to provide an environment where our employees feel empowered, challenged and valued. Not only does IAT Insurance provide a dynamic workplace, we also provide competitive total compensation packages and great benefits, including but not limited to medical, dental, and vision insurance, a generous time off policy, company provided life and disability insurance, a lucrative 401k company match and incentive plans. More
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