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. The indiviudal will have to perform risk assessment at a portfolio level using modeling tools available within Chubb. The role would also entail reviewing information for accuracy and preparing results in a manner that helps underwriter in taking a decision. He/she will be expected to work on different risk modeling applications available in the industry. The individual will be expected to interpret and communicate results with underwriters in an effective manner.
Responsibilities
- Perform all the responsibilities of the Associate at a higher level (increasing level of complexity)
- Work on multiple input data formats and transfer data into a model consumable format
- Handle client requests and perform work with little to no assistance
- Understand special requests from underwriters pertaining to application of treaties, facultative reinsurance and selecting right perils/ region options for modeling
- Set up appropriate analysis in the relevant risk modeling application
- Provide results in the expected format for underwriters
- Review results for accuracy and save information in appropriate folder
- Contact client for clarifications or other queries via e-mail or telephone
- Gain knowledge and expertise on multiple lines of business (property, marine, terrorism/ energy/ binders etc.)
- Seek assistance from Senior Analysts as needed
- Possess working knowledge of SQL, MS Access and should have the ability to work with databases
- Participates in portfolio modelling as needed
- Participates in ad-hoc project as and when required
Required knowledge, Skills and qualifications
- 5+ years’ experience in CAT Modeling (OR) Insurance/ Risk Management
- Graduate / Post Graduate in Actuarial science/ Statistics/ Mathematics / Economics/Engineering
- Expertise in CAT Modeling using AIR Touchstone / RMS Risk Link models
- Strong analytical skills and attention to detail
- Able to work flexible schedule to accommodate business requirements and work requests from different time zones
- Proficiency in English language (verbal, written, comprehension)
- Proficiency in MS Excel required
- Knowledge of P&C Insurance terminologies
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.
