- Job Location: Thane, IN
| Scope of the role |
| The incumbent will be responsible for leading renewal, intermittent and RFP modeling on highly complex accounts; the modeling span typically ranges from 6 weeks for entry accounts at this level to 4 months for larger accounts. (Catastrophe Modelling) |
Responsibilities include:
• Model input preparation – Includes data preparation as well as data scrubbing using SQL/Excel.
• Analyzing the exposures – Includes geocoding the exposures, implementing modeling assumptions accurately in the modeling process, ensuring correct model and peril settings, etc. in order to quantify insurers’ catastrophe loss potential.
• Generating reports – Includes using internal tools like iFM, WorkFlowManager for creating exposure as well as loss summary reports, visualizing various statistics by creating maps using SpatiaKey, ArcGIS, etc.
• Running proprietary models – Running customized peril analysis using WTW proprietary models.
• Model Sensitivity Analysis – Testing the change in model output with change in input parameters.
• Answering SRQ – using internal tools and modeled losses for answering Natural Catastrophe as well as Terrorism portions of SRQs.
• Validating losses – conducting loss feasibility studies to validate modeled losses.
• Model change management – stay updated with changes in models and conduct studies to estimate the impact on modeled client losses.
• Leading RFPs – Utilize the extensive modeling experience in leading RFPs where prospects usually do not share any data.
• Optimizing reinsurance – Model different reinsurance structures to identify the optimum structure in order to maximize client profitability.
• Mentoring – Mentor specific junior analysts in the team dedicatedly in order to minimize their learning curve.
• Training – Participate in training programs in order to train new recruits.
• Knowledge share – Conduct regular knowledge share sessions within and/or outside the team
• Leading eVENT Response – help coordinate the live eVENT response, generating reports and managing client interactions on timely basis
The incumbent will be expected to co-ordinate and communicate with the onshore lead analyst as and when needed in order to
• discuss the progress made as well as any items of significance
• seek feedback and suggestions
The incumbent is also expected to co-ordinate and communicate effectively between multiple offices and stakeholders on a regular basis in order to
• discuss project plan and resource allocation
• discuss the progress made as well as any items of significance
• seek feedback and suggestions
• share insights into modelled losses and reports
• act as the main coordinator between multiple stakeholders
Educational Qualifications:
Bachelor’s degree