Catastrophe Risk Analyst

Are you looking for more than just a job? Do you want to have a voice and feel a sense of belonging? At ICW Group, we hire innovative people who consistently adapt, grow and deliver.

We believe in hard work, a fun work environment, and embracing creativity that only comes about when talented people collaborate to develop solutions.

Our mission is to create the best insurance experience possible.

Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for seven consecutive years as a Top 50 performing P&C company offering the stability of a large, profitable and growing company combined with a small-company entrepreneurial spirit.

Our purpose-driven ethos provides team members with opportunities to contribute, develop, and belong.

The Catastrophe Risk Analyst will utilize creative analytics to quantify the company's exposure to catastrophes, primarily focusing on earthquake, and flood risk.

This position exists to design, build, and develop tools and applications that enhance underwriting expertise and deliver higher profitability for the company.

WHAT YOU WILL DO

Quantify the company's exposure to catastrophe risk.

• Designs, builds, tracks, and manages catastrophe risk portfolio aggregations, data quality, and modeled loss estimates.
• Works with catastrophe model vendors during the installation and upgrading of catastrophe model software.
• Provides estimates to Finance Department and management regarding financial rating agency capital requirements and current company catastrophe risk profile.
• Assists the Actuarial Department to support documentation for state regulatory rate filings.
• Researches catastrophe-related non-modeled risks to mathematically quantify those risks.

Provide reports and strategic analyses.

• Provides monthly and ad-hoc reports to management regarding the current catastrophe risk portfolio, including catastrophe reinsurance pro formas.
• Provides reinsurance brokers with portfolio data captures of catastrophe risk exposures for the purpose of reinsurance pricing and rating agency report generation.
• Analyzes potential assumed catastrophe-risk-related portfolios as needed.
• Reviews underwriting policy language and catastrophe reinsurance treaties to verify that data is being accurately entered into the catastrophe model software, ensuring proper modeled loss output.
• Analyzes underwriting workflow and makes suggestions for improvement, especially as it pertains to catastrophe modeling.

Formulate tools for mitigating risk.

• Formulates suggestions for underwriting guidelines that will appropriately mitigate the company's exposure to risks.
• Provides suggestions to management if the company is considering entering a new catastrophe-risk-related line of business or geographic region.
• Makes suggestions to management on appropriate catastrophe modeling software upgrades and purchases.
• Trains incoming staff as needed.
• Provides training materials, documentation, and suggestions to underwriting staff concerning catastrophe models as needed.
• Keeps apprised of upgrades and advances in the catastrophe modeling industry.

WHAT YOU BRING TO THE ROLE

• Bachelor's degree from four-year college or university (major or emphasis in STEM preferred).
• Minimum 3 years of related experience and / or training, or equivalent combination of education and experience.
• Preferred : Passed actuarial exams, industry-specific certifications (Chartered Property Casualty Underwriter-CPCU or Associate in Reinsurance-Are), or role-specific certifications (Certified Catastrophe Risk Analyst-CCRA or Certified Extreme Event Modeler-CEEM).
• Experience with one or more of the following preferred : SQL, SAS, VBA, AWS, RiskLink, Touchstone, RQE.

COMPENSATION

The salary range listed for this position, $74,932.01 to $126,367.76, is exclusive of fringe benefits and potential bonuses.

If hired at ICW Group, your final base salary compensation will be determined by factors such as skills, experience and / or education.

In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.

We typically do not hire towards the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package outlined below.

WHY JOIN ICW GROUP?

• Challenging work and the ability to make a difference
• You will have a voice and feel a sense of belonging
• We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match
• Bonus potential for all positions
• Paid Time Off with an accrual rate of 5.23 hours per pay period (equal to 17 days per year)
• 10 paid holidays throughout the calendar year
• Want to continue learning? We'll support you 100%

ICW Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. ICW Group will not discriminate against an applicant or employee on the basis of race, color, religion, national origin, ancestry, sex / gender, age, physical or mental disability, military or veteran status, genetic information, sexual orientation, gender identity, gender expression, marital status, or any other characteristic protected by applicable federal, state or local law.

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