Catastrophe Modeling Analyst

Job Description

IAT Insurance Group has an immediate opening for a Catastrophe Modeling Analyst. This position can be based in Cheshire, Connecticut; Sarasota, Florida; Alpharetta, Georgia; Naperville, Illinois; Raleigh, North Carolina; Tampa, Florida; or offered on a Full-time remote basis.

As a Catastrophe Modeling Analyst at IAT Insurance Group, you will play a key role in supporting enterprise-wide risk insight and decision-making. You will support business analysis efforts across the organization, including catastrophe modeling for existing and prospective direct and assumed reinsurance property lines of business, helping IAT evaluate risk and drive informed underwriting and strategic decisions. This role works a hybrid schedule that requires working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely. Although there is preference for an individual to work in an IAT office, we will consider fully remote work for the ideal candidate.

Responsibilities

• You will estimate potential losses from simulated and actual natural peril events—including real-time disasters—at both individual risk and portfolio levels using catastrophe modeling software and related analytical tools.
• Identify risk exposure to natural peril hazards by performing loss and GIS/geospatial analyses. 
• Extract, validate, manipulate, implement, and document input data from various sources to support analysis results reporting.
• Support catastrophe risk exposure pricing, including pricing, ratemaking, regulatory filings, underwriting, claims, exposure management, and reinsurance treaty placements.
• Provide technical support for internal catastrophe modeling tools utilized by IAT underwriters and account managers.
• You will continuously advance your knowledge of catastrophe models, methodologies, and related considerations through professional literature, technical documentation, and vendor presentations.
• You will develop and execute model and input data testing and validation as a key supporting function.
• Participate in change and update management related to tools, data, methodologies, technology, models, and vendor platforms.
• Perform other duties as needed.
  
  

Qualifications

Must-Have:

• Bachelor’s Degree and at least 2 years of experience or equivalent experience.
• You have a desire to develop a career specializing in data manipulation, analytical modeling, quantification, visualization, and reporting.
• You have experience working with data structures, data manipulation and engineering, analysis, reporting, and visualization, as well as programming and query languages, relational databases, and GIS/geospatial tools.
• Demonstrated expertise in writing advanced SQL queries.
• High confidence in statistical calculations, probability, and uncertainty analysis.
• To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.
  
  

Preferred To Have

• Bachelor’s Degree or higher in a STEM discipline (Science, Technology, Engineering, or Mathematics).
• 2 years of experience in catastrophe modeling, statistical analysis, or other data modeling and analytical roles.
• Experience working with property (re)insurance catastrophe modeling platforms, such as Verisk (formerly AIR) Touchstone or Touchstone Re.
• Prior industry experience within the property insurance or reinsurance sector.
• Familiarity with writing, reviewing, and modifying code in C#.
• One or more professional designations or credentials, such as ISCM/iCAS, Verisk CEEM, RMS CCRA, CAS, CPCU, ARe, or similar.
  
  

Compensation

Please note, that the annual gross salary range associated with this posting is $55,200 to $120,330. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits

IAT Insurance Group 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.