At Coaction, we’re a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients.
Coaction is seeking a motivating candidate with catastrophe modeling expertise to work directly with decision makers to steer and optimize our book of business. This role is focused to support Enterprise Risk Management (ERM) effectively manage our risk profile. The successful candidate will generate analytics, industrialize proof of concept, interact regularly with business and operational stakeholders from various teams.
Key duties & responsibilities:
Provide CAT modeling and analytical support to home office business leaders, corporate CAT, actuarial, and finance teams
Provide updates and loss estimates on CAT events before, during, and after occurring
Support activities like treaty and CAT reinsurance placements, generation of portfolio analytics, and annual CAT budgeting
Continuously improve the quantity and quality of data captured for modeling
Support efforts to streamline internal CAT modelling processes and reporting tool development
Work with internal partners as needed to respond to rating agency surveys, and support regulatory filing requirements
Qualifications
:
1-4 years’ experience in catastrophe modeling within an insurance setting
Ability to work independently and balance competing time sensitive priorities
Strong analytical and quantitative background; sound understanding of probability or statistics
Ability to work with large data sets, analyze, process, visualize and communicate complex analyses into simpler explanations of quantitative information to experts and non-experts
Independent thinking and creative problem-solving skills
High-level of curiosity to scout for new ideas and eagerness to transform them into products or services with commercial value
Effective documentation skills
Effective verbal and written communication skills
Programming knowledge (VBA, SQL or others) is preferable
Catastrophe modeling experience with AIR(Touchstone) is preferable
Bachelor’s degree required
**This is not a fully remote position. Applicants must sit in our Morristown, NJ office on our hybrid work schedule.**
Salary range specific to for this role : $95,000-$117,000 + discretionary incentive bonus + benefits depends on various factors including, without limitation, individual and organizational performance. The offered rate of compensation will be based on individual education, experience, and qualifications. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
Equal Opportunity Employer
Coaction is an Equal Employment Opportunity employer. Coaction’s policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, and genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.
If your application is selected, you will receive an email directly from the Coaction Recruiting Team at
[email protected]
asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent.