CAT Analyst II

Marketing Statement

About Tokio Marine:

Tokio Marine has been conducting business in the U.S. market for over a century and we are licensed in all states, Puerto Rico and the District of Columbia, and write all major lines of Commercial Property and Casualty Insurance. We provide unique insurance and risk management tools from our experienced staff of account executives, underwriters and loss prevention engineers and fair and timely claim settlement from a skilled team of claim professionals. We work with major brokers and leading independent insurance agents throughout the United States to serve the world's largest and most distinguished organizations.

We are committed to creating value for our customers by providing ANSHIN (safety, security and peace of mind). We strive to be creative and passionate as we work towards our long-term success.

Tokio Marine Holdings is Japan's oldest, and one of the largest property and casualty insurers. Founded in 1879, TMNF operates worldwide in 47 countries. With annual revenues of approximately $50 billion and an A.M. Best rating of A , one of the highest in the industry, we are one of the top 20 insurance providers worldwide.

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Duties

Job Summary:

This position is responsible for the reporting and modeling Tokio Marine Management's catastrophe data and risk. This includes compiling exposure data, running simulations using a catastrophe modeling system, and reporting loss results and accumulations to various business units, external agencies, and senior management. Provides in-depth analytics and expertise to underwriters across multiple offices and units as well as delivering catastrophic peril related projects to the business in order to better understand and manage TMM's risk. This position requires strong technical, analytical, and communication skills.

Essessential Job Functions:

Catastrophe Data Quality and Rollup

• Generate the rollup of TMM's catastrophe data by compiling and scrubbing exposure data from TMM's various underwriting systems and rolling it into RiskLink for analysis and reporting.
• Perform extensive data quality checks of catastrophe data to ensure exposures are accurately reflected in modeling results and reporting. Work with Field Underwriting and the CAT modeling group to lead in the development of metrics and processes for gleaning and tracking catastrophe data quality. Provide TMM UW and senior management with regular updates on CAT data quality using the developed metrics and processes.
• Ensure all rolled up CAT data is sent out to reinsurance brokers, Home Office, and other group companies as requested.
• Provide business process improvement initiatives to more efficiently rollup TMM's CAT data. Actively seek out process inefficiencies and look for ways to improve workflows. Catastrophe Data Reporting
• Act as the primary contact for any catastrophe data requests.
• Develop standardized reports summarizing TMM's catastrophe exposure and modeled results to present to senior management.
• Create measurement tools which will help with Catastrophe Management. Monitor and analyze TMM's portfolio in relation to established benchmarks and make recommendations for improvement to management.
• Oversee and ensure completion of all catastrophe results reporting to internal TMM groups, senior managers, other TM group companies, external agencies (AM Best SRQ, state DOI requests, federal government data calls etc.), and Home Office.
• Answer any ad-hoc CAT data and report requests from UW managers, Home Office, and other external requests.
• Provide real-time loss estimates of actual catastrophic events and post event catastrophe loss quantification.
• Work with our reinsurance brokers to determine our optimal reinsurance treaty programs, and
• Prepare reports that provide detailed quantitative justification for proposed reinsurance programs
• Identify opportunities for efficiencies and improvements to processes, controls and technology systems related to CAT Management. Work with CAT modeling group to develop and implement recommended improvements.
• Gather and generate reporting information to supply to reinsurance treaty partners for the various treaties of the business segments. Work with CAT modeling staff, Corporate Reinsurance and brokers to secure reinsurance treaties.

Technical Support and Training

• Act as the primary contact for individual account or program modeling requests, and delegate account modeling work to the CAT modeling group.
• Provide support to field underwriting on understanding and applying modeling results, and assist with determining the quality of any potential risks TMM may write. Also provide assistance with CAT model software usage and hazard lookup of risks.
• Review and perform research and validation on current, new, or potential vendor models. Analyze and report the impacts of any new model upgrades or additions to TMM's book.
• Answer any requests from senior management, UW managers, field underwriting, or other TM group companies regarding any changes in modeled losses or exposure.
• Perform regular training to underwriters on how to read and apply catastrophe modeling results. Also perform training on TMM's catastrophe modeling systems, and oversee user access.
• Perform regular training to underwriting operations on catastrophe modeling data entry to ensure consistent data entry and quality.
• Develop training materials and tools (manuals, training videos, power points etc) as a resource for field underwriting to increase their understanding of catastrophe modeling and CAT data entry.

Catastrophe Modeling Software Maintenance and Upgrades

• Oversee and manage model and software upgrades by liaising with IT, vendors, and business units to gather requirements, schedule an upgrade time, and assist as needed.
• Act as the primary contact for testing and implementation of new software and products related to catastrophe modeling from vendors or brokers.
• Work with IT to maintain TMM's CAT software including installing upgrades released from vendor, updating fields and dropdown tables, server maintenance, and other ad-hoc IT projects as needed.

Business Analysis

• Identify opportunities for efficiencies and improvements to processes, controls and technology systems related to CAT Management. Develop and implement recommended improvements.
• Provides analytical support during the development of pricing and product projects.
• Seek out best practices with respect to modeling catastrophic exposure from business partners, other Tokio Marine subsidiaries and external sources.
• Retain ownership and management of projects and initiatives directed by the Chief Underwriting Officer.

Qualifications

• BS or BA degree in math, applied science, earth sciences, atmospheric sciences, risk management or any other quantitative discipline preferred.
• Prior in-depth use of catastrophe models (RMS, AIR, EQE), preferably within a (re)insurance organization with demonstrated success via increasing levels of responsibility over 5-10 years.
• Programming skills including SQL, R, VBA, etc. Extensive knowledge of SQL is strongly recommended.
• Excellent communication (verbal and written) skills with demonstrated ability to work collaboratively across all levels of an organization.
• A strong work ethic and commitment to meet deadlines.

EEO Statement

Tokio Marine Management is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, or sexual orientation.