Sr. Catastrophe AnalystUnderwriting/Reinsurance Job ID 2023-13948 Primary Location: Johnston, Rhode Island 01/30/2024 Hiring Range: $85,800 - $159,400
FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.
This position is based in our Corporate headquarters, located in Johnston, Rhode Island and is part of our staff underwriting and corporate reinsurance & aggregations team. Will support and be responsible for coordinating activities surrounding the management and advanced operation of natural hazards simulation models. The position provides direct oversight for data accumulation, quality, integrity and coordination, as well as hands-on operation of these computer applications, taking advantage of their most complex features. This position provides front-line review of model outputs and analysis of their accuracy and integrity.
Provides technical mentorship, training and collaborates with team members who directly lead all aspects of creating and editingmodel input files. Partners with technology resources to assure that corporate data sources accurately reflect needed information and that downloads reflect data warehouse contents. Identify the key parameters that impact projected results and collaborate with managers to select those that best typify our book of business. Consults with Engineering, Research, Finance and Underwriting along with additional internal and external customers.
Show strength in all aspects of model utilization on an ongoing basis. Harmonize with catastrophe model vendors and reinsurance brokers to assure efficient software operation and generation of flawless outputs for use by others.
Produce reports on a regular and on as-needed basis to support All-Risk Underwriting personnel in their job functions. Recognize and solve erroneous results. Establish and conduct vetting processes that assure the most reliable results. Provide exposure analysis to various other units, such as the Reinsurance Department and Departmental Management. Conduct “what-if” analyses to resolve impact of various underwriting changes.
In collaboration with Research, assure an understanding of model revisions, the impact to measured results and recommend actions to adjust company procedures as appropriates.
Identify trends in our changing exposure, highlight them to managers, and implement process modifications to adapt to them.
Develop and deliver regulatory jurisdictional reporting as needed promptly (e.g., California Department of Insurance and Canadian and Australian government exposure reporting).
Compensation Grade and Job Title will be determined based on qualifications, experience, and technical skillset.
Sr. Catastrophe Analyst
10 years of computer experience along with commercial underwriting and/or catastrophe analysis experience
Catastrophe Analyst II
5 years of computer experience along with commercial underwriting and/or catastrophe analysis experience
Catastrophe Analyst I
3 years of computer experience along with commercial underwriting and/or catastrophe analysis experience.
Sophisticated computer technology skills, including comprehensive experience with Microsoft Excel, Microsoft Access, and Microsoft SQL Server.
Programming/querying skills a plus
Knowledge of CAT modeling methodologies, proven use and understanding of RMS, AIR Worldwide helpful. CoreLogic (formerly EQECAT), KatRisk, Oasis or similar Cat modeling software very helpful.
Analytical, mathematical and statistical skills, critical and creative problem solver able to interpret complex data.
Practical written and verbal communication skills, ability to present clearly and concisely.
Proven Insurance and/or reinsurance business foundation.
We offer our employees a wide range of benefits including career long learning opportunities, tuition reimbursement, 401 (k), pension, flexible schedules, rich health and well-being programs, generous time off allowances, volunteer days and so much more!
FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.
The hiring range for this position dependent on final grade and title is $85,800 to $159,400 USD. The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM Global’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.
BEING FM Global
Inclusion, Diversity & Equity
We’re creating a company-wide culture that recognizes how essential this work is to our overall success.
Learn More about Diversity and Inclusion
FM Global Learning
We’re building technical skills and leadership capabilities across the enterprise, with new solutions for learning.
Learn More about FM Global's Learning Center