Senior Catastrophe Modeling Analyst

AmericanAg™, a global provider of diversified reinsurance services, is looking for a Senior Catastrophe Modeling Analyst to work out of our office in Schaumburg, Illinois. This is a hybrid position working in the office three days a week. Some travel will be needed. 

As part of the Actuarial team at AmericanAg™, the Catastrophe Modeling team works directly with many members of the internal department and Farm Bureau clients to understand catastrophe risk and its impact across the (re)insurance value chain. This includes developing and executing projects that assists our stakeholders in understanding what events are possible, what future events are likely to occur and their frequency, along with how severe these events might be.

Reporting to the Catastrophe Modeling Manager, the Senior Catastrophe Modeling Analyst will perform a full range of catastrophe modeling activities for the Farm Bureau® companies, including potential supervision of assigned team members. This individual will also play a critical role in reviewing and completing all aspects of catastrophe modeling to ensure accuracy and timeliness in delivery to both internal and external stakeholders.

Specifically, the Senior Catastrophe Modeling Analyst is responsible for: 

• Independently reviewing and completing all aspects of catastrophe modeling: scrubbing data, data reconciliation, running catastrophe models, completing ad-hoc analyses, peer review of modeling results, and interpreting and presenting results to Farm Bureau® clients
• Potentially supervising one or more analysts on the Cat Modeling team
• Assisting with managing the communication, timeline, workload distribution, and completion of Verisk (AIR Worldwide) and RMS catastrophe modeling for reinsurance submissions
• Responding directly to internal and external questions about data preparation, models, modeled results, and current catastrophe events
• Heavily contributing to modeling aspects and reviewing of corporate roll-up
• Attending catastrophe modeling conferences to interact directly with vendors and understand recent events and upcoming model changes
• Communicating model changes and updates to internal and external stakeholders
• Traveling and attending Farm Bureau® conferences to communicate relevant model changes to the Farm Bureau® companies
• Possibly presenting at conferences regarding topics related to catastrophe modeling
• Other duties as assigned

What is needed for this role:

• Bachelor’s degree or equivalent experience
• Five or more years modeling experience with RMS RiskLink/RiskModeler and Verisk Touchstone models for various use cases, including portfolio analytics, ratemaking, allocation, model change management, or marginal impact projects
• Extensive experience working with primary insurance datasets
• Strong MS Office Suite skills, particularly Excel and Microsoft SQL. Must be able to write SQL fluently
• Knowledge of insurance, insurance coverage, and insurance contracts (ARe, CPCU credentials a plus)
• Working understanding of reinsurance and reinsurance contracts
• Strong communication and relationship-building skills through direct client interaction
• Organizational skills and the ability to work independently, lead, and manage

The expected starting salary range for this position is between $110,000 and $125,000. Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. This position is also eligible for an annual productivity bonus. 

Who We Are

Since 1948, AmericanAg™ has provided reinsurance services that promote the financial strength and success of its clients. We are a direct provider of reinsurance to the Farm Bureau® insurance companies and also participate in assumed U.S. and international reinsurance programs through the broker marketplace. Learn more at aaic.com

Reasons to Consider AmericanAg™ 

At AmericanAg™, you’ll work alongside a diverse team of highly educated and experienced professionals. We foster a dynamic culture where innovative ideas are championed and brought to life and where employees are appreciated, engaged, and encouraged to reach their full potential.

AmericanAg™ offers a competitive benefits package for employees and eligible dependents that includes medical, dental, vision, life, and disability insurance; company-funded cash balance retirement plan and 401(k) retirement plan; Flexible Spending and Health Savings Accounts; paid holidays, vacation, and sick time; paid parental leave, Employee Assistance Program; and other benefits. Click here to learn more.

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