Reinsurance Catastrophe Modeling Analyst
📋 Role Overview & Responsibilities
DEPARTMENT: Actuarial
POSITION OBJECTIVE: Assist with reinsurance catastrophe modeling activities for the Broker Assumed business portfolio
REPORTS TO: Reinsurance Modeling Manager
LOCATION: Schaumburg, Illinois (Hybrid)
Duties And Responsibilities
Review submission documents and log pertinent detail regarding data and treaties. Follow up with underwriters/brokers to obtain any missing information or clarification as necessaryAssess and communicate expert opinion on quality of cedant modeling information; provide guidance on alternative/additional modeling requirements to ensure complete and accurate loss estimatesMaintain organization and workflow of currency conversions, as well as modeling considerations for domestic and international property exposuresEnsure consistency between internal portfolio management and catastrophe modeling databasesProvide data for pricing and other actuarial analysesPerform modeling activities required to complete treaty analyses in Verisk and RMS models for use in periodic corporate roll-ups, including domestic and international exposuresMaintain catastrophe models, including identifying opportunities and potential solutions along with change impact and best practicesOrganize and maintain efficient data file structure to support the needs of the Actuarial, Cat Modeling, Broker Assumed Underwriting, and IT departments
RELATIONSHIPS: Build and maintain effective working relationships within AmericanAg™ and among business partners
REQUIRED EDUCATION OR TRAINING: Bachelor’s degree or equivalent experience
Preferred Experience And Skills
Two or more years modeling experience with RMS RiskLink/RiskModeler and Verisk TouchstoneExperience in reviewing and interpreting broker reinsurance submission documentationUnderstanding of model input, methodologies, and assumptionsProficient in SQL and ExcelKnowledge of PythonKnowledge of insurance and insurance coveragesGood communication and relationship-building skillsOrganizational skills and the ability to work independently
ESSENTIAL FUNCTIONS AND PHYSICAL DEMANDS: Must be able to work in our Schaumburg, Illinois, headquarters at least three days each week and as needed. Occasional travel may be required
The expected starting salary range for this position is between $65,000 and $95,000 annually. 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.
AmericanAg™ offers a competitive benefits package that includes medical, dental, vision, life, and disability insurance; 401(k) retirement plan; Flexible Spending and Health Savings Accounts; paid holidays, vacation, and sick time; Employee Assistance Program; and other benefits.
Frequently Asked Questions
How do I apply for the Reinsurance Catastrophe Modeling Analyst position at AmericanAg? ▼
Click the “Apply for this Position” button on this page to submit your application directly to AmericanAg without recruitment intermediary fees.
Is this position eligible for remote work or visa sponsorship? ▼
This position is located in Schaumburg, IL with potential relocation and sponsorship assistance depending on candidate qualifications.
Are there any candidate fees on Hirely? ▼
No. Hirely is completely free for candidates. We never charge registration fees or placement fees.
Legitimate employers will never ask you to transfer funds, purchase equipment from unauthorized vendors, or pay application/visa fees. Hirely rigorously monitors listings, but always verify communication is from official corporate email domains.
Learn how to protect yourself against employment fraud →