Director, CAT Risk – Catastrophe Strategy/Analysis

Company: The Travelers Companies, Inc.
Location: Hartford
Posted on: September 13, 2020

Job Description:

Director, CAT Risk – Catastrophe Strategy/Analysis

Job ID: R-2532

Job Category: Actuarial

Location: Hartford, CT

Additional Locations:

Posted Date: August 11, 2020

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Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Target Openings

1

Job Description Summary

The Catastrophe Strategy & Analysis group is seeking an experienced scientist to join our expanding CAT actuarial and analytics unit. You will be joining a group of dedicated professionals charged with leading Travelers to be able to endure catastrophic loss from natural and man-made perils. This position offers a unique opportunity to apply your scientific expertise to perform peril research, to support business strategy as it relates to climate change, and to provide technical and analytical support to evaluate weather and climate trends and improve meteorological best practices and standards. This role offers an excellent opportunity to develop an in-depth understanding of probabilistic catastrophe models, how catastrophe loss estimates are developed and used in planning, pricing, underwriting, and aggregation management, and how climate is incorporated into business strategy.

Primary Job Duties & Responsibilities

Gather data and analyze trends relating to weather and climate

Stay abreast of latest scientific research and summarize results

Perform catastrophe peril research, partnering with other subject matter experts

Participate in coordinated, real-time, event response

Identify ways to improve event response tools and capabilities

Implement calibrations of latest science and Travelers view of risk into models and business processes

Research identified emerging issues related to natural and man-made catastrophe perils (e.g. hurricane, severe thunderstorm, wildfire, and winter storm), which may include weather trends, climate related risks, and new science

Provide support for climate risk surveys

Identifies, selects and extracts relevant data from various internal and external sources. Completes analysis and presents recommendations to team members and manager

Assist with business and market result interpretation

Create and maintain collaborative relationships with business partners

Minimum Qualifications

5-10 years relevant analytics experience required

Advanced degree in STEM (science, technology, engineering, mathematics) or related discipline required, advanced degree in atmospheric science preferred

Education, Work Experience, & Knowledge

Intermediate knowledge of Microsoft suite, SQL, geospatial, statistical packages or other programs used to retrieve and analyze data preferred.

Intermediate knowledge of insurance concepts, coverage, products and operations preferred.

Job Specific Technical Skills & Competencies

Strong experience with at least one programming language required

Experience with FORTRAN, NCL, and shell scripting preferred

Experience with Linux/UNIX preferred

Intermediate knowledge of statistics

Intermediate knowledge of geospatial concepts and tools

Intermediate knowledge and understanding of catastrophe models

Intermediate knowledge of catastrophe model output and metrics

Experience with at least one of the leading vendor catastrophe models (e.g. RMS, AIR) a plus

Analytical and critical thinking: Ability to find ways to use available data sources to answer questions and solve problems. Ability to synthesize complex multivariate problems.

Communication: Ability to communicate scientific, mathematical, statistical, and financial concepts to non-technical audiences. This position offers high visibility and opportunities for interaction with senior management.

Accountability: Takes ownership and responsibility for actions and outcomes, performance and results

Change Management/Resilience: Remains energized and focused in the face of ambiguity, change or strenuous demands.

Communication: Demonstrates effective verbal, written and listening communication skills.

Judgment/Decision Making: Exercises sound judgment, makes decisions and commits to a position.

Leveraging Differences: Works with and includes people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.

Relationship Management: Seeks out, builds, fosters and maintains productive relationships, networks or alliances to meet goals and achieve results.

Teamwork: Works together in situations when actions are interdependent and a team is mutually responsible to produce a result.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you have questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

Careers at Travelers

When you work at Travelers, life’s most important moments become your life’s work. That means helping families feel secure, businesses to prosper, knowing that you’ve made a difference, and feeling like you belong to something bigger. It also means being part of a team comprised of 30,000 + talented and passionate people that are evolving to meet changing needs – from customer service to data science and beyond. If that’s more than you imagined in an insurance career, it’s time to join us at Travelers.

In 2018 we contributed $25 Million to the communities where we live and work.

Keywords: The Travelers Companies, Inc., Hartford , Director, CAT Risk – Catastrophe Strategy/Analysis, Other , Hartford, Connecticut