What are the responsibilities and job description for the Senior Underwriting Risk Analyst position at Central Mutual Insurance Company?
Location: Hybrid Work Model- Van Wert, OH, Dublin, OH, Alpharetta, GA, Waltham, MA, Irving, TXJoining the Risk and Capital Management team as a Senior Risk Underwriting Analyst means being part of a team that is focused on Central’s capital exposure and issues facing a changing landscape. This role is crucial in helping problem solve, and driving insights around natural catastrophe and risk accumulation. A Senior Risk Underwriting analyst will be a person who is curious and seeks to understand, as well as enjoys applying their skill set to property & casualty insurance.
We are excited about the potential this role brings and look forward to welcoming a new member to our team who will help us achieve our goals and continue our journey of success.How You’ll Make an Impact
Collaborate with business units to implement strategic catastrophe management.
Leverage capital model to support the integration of a capital budget to manage our spread of risk.
Provide analyses, monitoring, and testing of established and new key metrics for the underwriting portfolio, including the spread of risk and exposure concentration, contributing directly to strategic Financial Risk Management.
Provide exposure-at-risk analyses in catastrophe events.
Perform and review data audits for catastrophe modeling and reinsurance data.
Effectively work with internal resources and reinsurance intermediary to leverage tools and ensure quality.
Support the optimization of our reinsurance program by analyzing reinsurance utilization and supporting the Reinsurance software platform.
Develop and conduct analyses for support of operational decision-making.
Collaborate with Financial Analysts to translate operational analyses into projected financial outcomes.
Independently communicate results and strategic recommendations.
Provide competitive market intelligence and industry analyses regularly.
Research and communicate trends that may affect the organization.
Support the capital management framework, including solvency assessments, stress testing, and capital budgeting for optimal portfolio growth.
Measure, monitor and analyze our risk position across underwriting and investment components.
Support and mentor others within the Risk and Capital Management group.
Establishes operational processes and procedures with a focus on continuous improvement.
Participate in project work, occasionally leading complex projects and project teams.
Complete regular peer reviews to ensure quality of work products.
What You’ll Bring
Master’s degree in Mathematics, Statistics, Economics, Analytics, Actuarial Science, Insurance & Risk Management or related field and 2 years of experience in risk analysis
Or Bachelor’s degree in Mathematics, Statistics, Economics, Analytics, Actuarial Science, Insurance & Risk Management or related field and 4 years of experience in risk analysis
Or 6 years of experience in risk analysis
Preferred
P&C Industry experience, a background in Underwriting, Actuarial or Analytics preferred.
Comprehension of reinsurance, capital modeling, stress testing, and capital allocation & structure.
Experience with data manipulation, modeling, analysis and visualization, using technologies such as: SQL, R, SAS, PowerBi/Tableau, etc.
Accurately anticipate future consequences and trends
Effectively frame a problem and translate qualitative impacts to quantitative
Analysis of scenarios and potential outcomes, including likelihoods
Excellent analytical aptitude; judge the reasonability of analysis and data
CPCU, ARe, or ARM Designation
Proficiency in key risk tools
