IAT Insurance GroupIG

Catastrophe Modeling Analyst

IAT Insurance Group is a specialty property-casualty insurance provider based in Raleigh, NC, that focuses on delivering tailored solutions to meet the specific needs of various industries.

IAT Insurance Group

Employee count: 501-1000

Salary: 70k-128k USD

United States only
IAT Insurance Group has an immediate opening for a Catastrophe Modeling Analyst. The ideal candidate possesses a versatile analytical toolkit and is a relentless learner, team contributor, and diligent technical professional. The ideal candidate will be able to perform and support business analysis, including catastrophe modeling for existing and prospective direct and assumed reinsurance property lines of business across the entire IAT Insurance Group enterprise.

Ideally, this role will work a hybrid schedule from any of IAT's Office locations. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working remotely on Thursday and Friday.

IAT Offices include but are not limited to:
  • CT Cheshire
  • FL Sarasota
  • GA Alpharetta
  • IL Naperville
  • NC Raleigh
  • NJ Jersey City

The role level/title (Analyst or Senior Catastrophe Modeling Analyst) will be determined based on the knowledge, skills, and experience demonstrated. Full-time remote will be considered for the right candidate.

Key Responsibilities:
  • Estimate potential loss from simulated and actual (including real-time) natural peril disasters for individual risks and portfolios using catastrophe modeling software and related tools and approaches.
  • Identify risk exposure to natural peril hazards by performing loss and GIS/geospatial analyses.
  • Extract, evaluate, manipulate, implement, validate, document, and model input data from various sources to support analysis results reporting.
  • Support catastrophe risk exposure pricing, ratemaking, regulatory agency filings, underwriting, claims, exposure management, reinsurance treaty placements, etc.
  • Provide technical support for internal catastrophe modeling tools IAT underwriters and account managers utilize.
  • Continually advance understanding of all aspects of catastrophe models and related considerations by studying professional literature, technical documentation, and vendor presentations.
  • Develop and perform model and input data testing and validation as a key supporting function.
  • Participate in change/update management that impacts or is driven by tools, data, methodologies, technology, models, vendor platforms, etc.
  • Perform other duties as assigned.

Qualifications:
Must Have:
  • Bachelor’s Degree and at least two years of experience or equivalent experience.
    • Equivalent experience is six or more years of appropriate experience, demonstrable aptitude, or skillset.
  • A strong desire to work in data manipulation, analysis, quantification, visualization, and reporting as a primary career focus.
  • Solid technical abilities working with data structures, manipulation/engineering, analysis, reporting, and visualization; programming and query languages; relational databases; and GIS/geospatial.
    • High proficiency in writing advanced SQL queries.
    • Advanced skills in Microsoft Excel and VBA.
  • High confidence in statistical calculations, probability, uncertainty, etc.
  • Motivation to lead as a creative, hands-on, open-minded, and inquisitive contributor who can significantly contribute to, maintain, optimize, and/or (re)design the team's operational capabilities, automation, internal and customer-facing tools, output, approaches, and knowledge.
  • Ability to enthusiastically engage in customer support and interactions.
  • To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes.
Preferred to Have:
  • A college degree in STEM.
  • Advanced skills in Python, R, or other analogous scripting language.
  • Two years of catastrophe, statistical, or other data modeling and analysis experience.
  • Experience with property (re)insurance industry catastrophe modeling platforms, such as Verisk (formerly AIR) Touchstone or Touchstone Re.
  • Industry experience with property (re)insurance.
  • Familiarity with writing and revising code in C#.
  • One or more of the following credentials: ISCM/iCAS, Verisk CEEM, RMS CCRA, CAS, The Institutes, etc.

Our Culture:
IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.

We offer comprehensive benefits like:
  • 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
  • 7% 401(k) Company Match and additional Profit Sharing
  • Hybrid work environment
  • Numerous training and development opportunities to assist you in furthering your career
  • Healthcare and Wellness Programs
  • Opportunity to earn performance-based bonuses
  • College Loan Assistance Support Plan
  • Educational Assistance Program
  • Mentorship Program
  • Dress for Your Day Policy
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.

Compensation:
Catastrophe Modeling Analyst: Please note, that the annual gross salary range associated with this posting is $70,400 – $111,500. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

Senior Catastrophe Modeling Analyst: Please note, that the annual gross salary range associated with this posting is $80,800 – $127,900. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits

IAT Recruiter:
Steve Morley | Senior Recruiter
[email protected]
www.linkedin.com/in/stevemorley916

About the job

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Job type

Full Time

Experience level

Mid-level

Salary

Salary: 70k-128k USD

Location requirements

Hiring timezones

United States +/- 0 hours

About IAT Insurance Group

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IAT Insurance Group is a leading specialty property-casualty insurance and surety carrier dedicated to delivering innovative insurance solutions and unparalleled service. Based in Raleigh, North Carolina, IAT was founded in 1991 and has grown to become a trusted partner for businesses and individuals alike. Our mission, encapsulated in the phrase Insurance Answers Together®, reflects our commitment to work collaboratively with agents and brokers to tailor solutions that meet the unique needs of our diverse clientele. With a team of experts knowledgeable in various sectors, we provide coverage for industries ranging from aviation and trucking to construction and personal insurance.

Our insurance portfolio includes a variety of products, such as homeowners insurance, commercial trucking insurance, and specialized coverages for complex risks that traditional insurers may overlook. We pride ourselves on our ability to adapt to an ever-changing marketplace while maintaining the stability and reliability our customers expect. Furthermore, our dedication to creating and maintaining long-lasting relationships with our clients helps ensure that their coverage grows in line with their evolving needs. As a company that values integrity, accountability, and transparency, we strive to deliver not just insurance, but peace of mind to those we serve.

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