Location: Hyderabad, India
The Purpose of the role
As a key member of the Catastrophe Modeling Team, he/she will be responsible for providing analytical and modeling support services for Corporate CAT Team. The Analyst should be able to perform assigned tasks with a high level of competence and is also expected to interpret data results at account and portfolio level analysis.
The role includes Event Response activities (status email, event monitoring reports in Spatial Key), supporting Global EDM creation, Terrorism CFD Validation and usage of RiskLink, AIR-Touchstone and SQL scripts.
Responsibilities
- Conceptualize, build framework, and propose solutions to stakeholders.
- Plan and implement projects to support best practices and innovate new processes that will boost team’s effectiveness.
- Understand vendor tools like Risk Link, Risk Modeler and AIR.
- Elicit requirements & use cases and develop business cases.
- Organize, simplify, translate, and communicate requirements to all stakeholders.
- Regularly update/create process documents for the assigned projects.
- Communicate with business owner and other onshore counterparts to indicate understanding of the assigned tasks as well as to make clarifications when necessary.
- Understand current Cat modeling workflows and recognize opportunities for process improvement.
- Risk link accumulation and PTM/Risk link functionalities.
- Basic Understanding on financial terms and how it is interpreted by different models (e.g.: RMS/AIR).
- Performs basic interpretation of the results (Ex: Client loss exceed/less than deductible, Gross loss exceeding limits, treaty recoveries).
- Participate in Learning and Development Programs.
- Undertake analysis and/or research to identify anomalies, trends, and opportunities for improvement.
- Plan and implement projects to support best practices and innovate and/or develop new processes that will boost team’s effectiveness.
- Seeks assistance from Team Lead or Chubb Supervisors as needed.
- Provides guidance to junior members as needed.
- Complies with administrative activities, MIS reporting, and other compliance requirements as directed.
- Performs other related duties as required by the Team Lead and/or supervisor.
- Working knowledge on portfolio level analysis and learning new Tools quickly will be an added advantage.
Required Knowledge, Skills and Qualifications
- Graduate in Probability/Actuarial Science/Statistics/Mathematics.
- Intermediate knowledge of MS Office is required.
- Strong analytical skills and attention to detail.
- Able to work flexible schedule to accommodate business requirements and work requests from different time zones.
- Participate in team activities and attend all Client calls actively.
- Be focused on continually improving technical as well as soft skills through all available instructional methods.
- Proficiency in English language (verbal, written, comprehension).
- Advanced Excel and basic SQL coding knowledge will be added advantage.
- Knowledge of P&C Insurance terminologies (CAT Modeling) is required.
Why Chubb Business Services India?
Here are some reasons to join us:
- You will be joining a group of diverse and driven professionals trained to succeed in today’s insurance landscape.
- We provide the opportunity to cultivate a robust career; we accommodate your growth and development even as we expect you to make meaningful contributions to our company.
- We offer competitive compensation and benefit programs. We pride ourselves in being a meritocracy that rewards the best talent.
- We seek to create an inclusive environment where employees of different cultures and backgrounds can thrive.
Our company and culture
Chubb Business Services India focuses on building strong capability in the areas related to technology, CAT modeling, risk management, actuarial services and advanced analytics. The culture we would like to establish would align with the core principles of the organization as outlined below with the desire to transform and grow together.
Our culture reflects a commitment to craftsmanship and as craftspeople, we adhere to certain ideals:
- A Can-Do Attitude – we are optimistic about our future and we have an enthusiasm to serve our customers and business partners with utmost speed and energy. We approach our work with passion – people want to live their lives with meaning. We have a shared vision to build something great – to serve society and leave the world a little better place because we’ve been here.
- Excellence in All We Do – we hold ourselves to exacting standards of technical proficiency. Customers can count on us to pay claims fairly and quickly. Agents and brokers can rely on us for attention to detail and help them build their businesses.
- Constant Improvement – we are a learning organization. We are constantly searching for ways to improve our craft. We relentlessly pursue data-driven insights to drive better, smarter decision-making – our portfolio management efforts, for example.
- Global Reach and Local Expertise – we apply our craft locally all around the world. We appreciate differences in culture, history and geography. And this enables us to adapt accordingly to best serve diverse customers, markets and distribution.
Sound like the right job for you? For consideration, please send your CV to nithya.b@chubb.comor manoj.shekhawat@chubb.com
