CAT Modeling Analyst

Central Insurance Van Wert, OH
Full Time Mid Level 4+ years

Posted 2 weeks ago

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About This Role

This role involves building the company's first Catastrophe modeling program, working with various teams to enhance data quality, modeling effectiveness, and risk insight delivery. The analyst will define the internal view of risk and lead portfolio-level analyses.

Responsibilities

  • Gather, validate, and reconcile exposure data across assigned lines of business, ensuring data quality and consistency
  • Act as the subject matter expert for catastrophe model interpretation and decision making
  • Ensure modeled results are transparent, repeatable, and reliable, with clear documentation
  • Own full lifecycle execution of enterprise catastrophe models using commercially available software to produce loss distributions and risk metrics
  • Document model assumptions, limitations, methodologies, and version changes; assess and communicate the impact of model updates
  • Interpret and highlight key exposures, loss drivers, and sources of uncertainty, translating results into actionable insights
  • Analyze catastrophe modeling results in the context of reinsurance structures and purchases, supporting optimization and renewal discussions
  • Provide decision-support analytics to inform risk appetite, portfolio management, and capital allocation decisions
  • Communicate results and strategic recommendations to department and executive leadership through reports, presentations, and stakeholder discussions
  • Present information to internal and external stakeholders, including regulators and rating agencies
  • Support the Risk Committee and Investment Committee as needed
  • Collaborate closely with Finance, Underwriting, Actuarial, Risk, Data Science, and IT teams to improve data quality, modeling effectiveness, and risk insight delivery
  • Translate enterprise model outputs into practical insights at the underwriting desk level to improve risk selection and decisioning
  • Create enabling materials (playbooks, office hours, training sessions, explainers) that make catastrophe concepts accessible
  • Serve as the primary owner of model version control and the formal change-management process for transitions between model versions
  • Provide thought leadership and mentoring to team members supporting catastrophe modeling and analytics

Requirements

  • Master’s degree in Finance, Risk Management, Economics, Analytics, Mathematics, Meteorology or a related quantitative field and 4 years' experience in catastrophe model deployment, validation, or governance
  • OR Bachelor’s degree in Finance, Risk Management, Economics, Analytics, Mathematics, Meteorology or a related quantitative field and 6 years' experience in catastrophe model deployment, validation, or governance
  • OR 8 years in experience in statistics, mathematics, or quantitative analytics
  • Strong analytical and critical thinking skills
  • Understanding of catastrophe risk perils and associated loss drivers
  • Understanding of catastrophe model output metrics and the ability to communicate tail risk and model uncertainty
  • Solid underwriting and reinsurance acumen, with comprehension of insurance financial accounting
  • Ability to analyze scenarios and potential outcomes
  • Strong verbal and written communication skills, including presentation and influence skills
  • Ability to work collaboratively across teams while also operating independently
  • Strong organizational skills with acute attention to detail
  • Proficient use of Excel and Microsoft Office products
  • Comfort working with large datasets and interest in automating repeatable analyses

Qualifications

  • Master's degree in Finance, Risk Management, Economics, Analytics, Mathematics, Meteorology or a related quantitative field or Bachelor's degree in Finance, Risk Management, Economics, Analytics, Mathematics, Meteorology or a related quantitative field
  • 4 years' experience in catastrophe model deployment, validation, or governance with a Master's degree, or 6 years with a Bachelor's, or 8 years in statistics, mathematics, or quantitative analytics

Nice to Have

  • Experience using commercial catastrophe modeling platforms (RMS preferably), including hazard, vulnerability, and financial modules
  • Experience in catastrophe model development
  • Understanding of reinsurance structures and analytics, including treaty and facultative arrangements
  • Exposure to regulatory, rating agency, or reinsurance partner analytics and reporting
  • Certified Catastrophe Risk Management (CCRMP) or Certified Specialist in Catastrophe Risk (CSCR) credentials

Skills

Excel * Python * SQL * Microsoft Office * Alteryx * RMS *

* Required skills

Benefits

Extensive health and wellness benefits
Flexible work-life balance benefits
Long-term financial security benefits

About Central Insurance

Central is looking for a collaborative, motivated individual with strong analytic, strategic, and communication skills to assist in building our first Catastrophe modeling program.

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