Analytical & Data Services team provides an integrated suite of data and analytical services and solutions based on RMS catastrophe models, that global insurance and reinsurance clients rely on for making decisions on underwriting, portfolio management, capital management and risk transfer.
The team works with exposure data of a majority of Fortune 500 corporate accounts, analyzing the quality of data, assessing clients exposure to catastrophic events, and providing insights on loss drivers and distributions, using RMS models. Analysts on the team specialize in data interpretation, data analytics, data quality, financial policy structures, and a deep understanding of sophisticated catastrophe models of perils including earthquake, hurricane, and terrorism.
We are looking for self driven and independent analysts who are keen to learn about catastrophe insurance market and bring their own skills, experience and enthusiasm to move the group forward in its mandate to become a truly indispensible service for our clients.
Objective of the Risk Analyst
As a Risk Analyst, the applicant will be highly involved in the manipulation of clients data and quantification of associated risk using a variety of database tools, analyzing and interpreting data using RMS technologies and trademark software products as well as working with other RMS departments and directly with clients.
Key Accountabilities & Deliverables
Demonstrate good understanding of catastrophe modeling after structured training.
Learn best practices in catastrophe modeling and reflect this in your day to day work.
Participate actively in your project activities and maintain highest standards of quality of work.
Demonstrate understanding of RMS Products including new products as they are released.
Demonstrate understanding about the focus markets for RMS and the reasons why clients use the different RMS products and services.
Contribute towards and compile content for internal or external client reports.
Perform meticulous project documentation of all aspects of a project, particularly focusing on the rationale for decisions and exceptions.
Provide input for process improvements in at least one client project which addresses a prior or foreseeable concern or increases efficiency.
Support the client in understanding the output of analysis, comparing different model results and explain to the client.
Location : Delhi
Experience : 0 – 3 Years
Education : UG – B.Tech/B.E. – Civil, Mechanical
PG – M.Sc – Maths, Statistics, M.A – Economics, Maths, Statistics
DOCTORATE – Doctorate Not Required
JOB DESCRIPTION / DESIRED CANDIDATE PROFILE
B.E / B. Tech (preferably Civil/Mechanical Engineering) from reputed universities.
Masters in Mathematics/ Statistics/ Operations Research/ Economics/ Insurance from Delhi/ other reputed universities.
0-3 years of relevant experience in mathematical or statistical application for R&D, model development or solution design would be ideal.
Strong analytical and problem solving abilities.
Good Database and data manipulation skills – working knowledge of Excel, Access, and SQL; VBA or VB.Net is an added advantage.
Knowledge of insurance and reinsurance market and claims data handling would be added advantage.
Excellent written and verbal communication.
Enthusiasm to work in a team
Founded in 1989 as a spinoff of research done at Stanford University, today RMS India is the world leader in catastrophe risk modeling. From earthquakes, hurricanes, and floods to terrorism, longevity, and infectious diseases, our models provide critical risk management solutions to financial institutions around the world. Based in our Silicon Valley headquarters and with offices throughout North America, Europe, and Asia, our team of more than 950 professionals may be larger than it used to be, but we”re still as ambitious and innovative as ever. Whether quantifying risks due to climate change, simulating how medical breakthroughs could extend life expectancy, delivering supercomputing in the cloud, or transforming an industry with our next generation technology platform, our passion is innovation driven by the courage to tackle problems others reject as unsolvable.
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