What are the responsibilities and job description for the CAT Modeler position at Sompo?
Are you looking for your next opportunity?
Sompo has a unique opportunity for a CAT Modeler in our North America CAT modeling & Analytics team.
The CAT Modeler will work with our growing CAT team to determine and present view of the catastrophe risk and assessment for global individual accounts. Contributions include analyzing individual accounts using vendor models and internal tools, assisting with underwriting decisions as wells as work in functional groups to help refine internal view of catastrophe risk, CAT aggregation, portfolio management and reporting.
Location: This position will be based out of our Alpharetta, GA, New York, NY or Chicago, IL Offices. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
Our Business, Your Impact, Our Opportunity
What you’ll be doing:
At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.
Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.
Summary
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:
Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.
Sompo has a unique opportunity for a CAT Modeler in our North America CAT modeling & Analytics team.
The CAT Modeler will work with our growing CAT team to determine and present view of the catastrophe risk and assessment for global individual accounts. Contributions include analyzing individual accounts using vendor models and internal tools, assisting with underwriting decisions as wells as work in functional groups to help refine internal view of catastrophe risk, CAT aggregation, portfolio management and reporting.
Location: This position will be based out of our Alpharetta, GA, New York, NY or Chicago, IL Offices. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
Our Business, Your Impact, Our Opportunity
What you’ll be doing:
- Independently review and analyze individual commercial accounts using vendor models, internal tools, and mapping software: scrubbing data, data reconciliation, running catastrophe analyses, peer review of model results and interpreting and communicating results effectively.
- Work with peers, underwriters, UAs, and central operation team to capture in-force data accurately and in a timely manner: understand and interpret bound terms and conditions to accurately reflect in monthly aggregation and reporting.
- Contribute towards monthly aggregations, portfolio roll ups and reporting.
- Assist in monitoring and tracking exposures during the hurricane seasons. Gather necessary data (from internal databases, public/private/government websites and media) and documentations for the business unit leaders, CAT portfolio managers and claims team to estimate the potential losses arising out of cat events.
- Interact and coordinate with international vendor outsourcing team who rigorously performs company’s data cleansing. Upload and download data onto an external portal, interpret policy, code the insurance layer/deductible structures, complete data quality and risk analytics.
- Attend catastrophe Modeling conferences to understand recent events and upcoming model changes and communicating updates and findings to stake holders.
- Manage projects as assigned.
- Bachelor’s degree in risk management, Mathematics, Actuarial Science, Computer Science, Engineering or related quantitative fields.
- 0-2 years of experience with AIR/RMS CAT Modeling and database management.
- Strong MS Office suite skills, particularly advanced Excel skills required, working experience with MS SQL required.
- Effective written and oral communication skills in reaching both technical and non-technical audiences.
- Excellent quantitative and analytical abilities.
- Must be detail oriented with the mindset to validate results, question inconsistencies, present possible alternatives, and back up opinions.
- Basic knowledge of Commercial Lines insurance, coverage forms, policy structure and reinsurance.
At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.
Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.
Summary
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:
- Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
- Pharmacy benefits with mail order options
- Dental benefits including orthodontia benefits for adults and children
- Vision benefits
- Health Care & Dependent Care Flexible Spending Accounts
- Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
- Company-paid Disability benefits with very competitive salary continuation payments
- 401(k) Retirement Savings Plan with competitive employer contributions
- Competitive paid-time-off programs, including company-paid holidays
- Competitive Parental Leave Benefits & Adoption Assistance program
- Employee Assistance Program
- Tax-Free Commuter Benefit
- Tuition Reimbursement & Professional Qualification benefits
Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.
Salary : $80,000 - $135,000
