Reinsurance Cat Modeling - Analyst The D. E. Shaw group is a global investment and technology development firm with more than $51 billion in investment and committed capital as of March 1, 2019, and offices in North America, Europe, and Asia. Since our founding in 1988, our firm has earned an international reputation for successful investing based on innovation, careful risk management, and the quality and depth of our staff. We have a significant presence in the world’s capital markets, investing in a wide range of companies and financial instruments in both developed and developing economies. We are looking for a bright and analytical candidate to join our Reinsurance modeling group based in firm’s office in Hyderabad, India. This team works closely with underwriters and supports them with catastrophe modeling of insurance/reinsurance/retrocession contracts. We are looking for self-motivated individual contributors to work in a multifaceted role that offers broad exposure to the firm’s reinsurance operations. WHAT YOU’LL DO DAY-TO-DAY: Undertake catastrophe modeling to understand and analyze the underlying risk and calculate expected loss on a per-contract and portfolio basis, using a combination of vendor and proprietary tools and techniques. Interact directly with brokers on questions related to modeling of contracts. Develop a sound understanding of various reinsurance structures (per occurrence, XOL, aggregate, etc.) and instrument types, such as industry loss warranties, cat bonds, and reinsurance and retrocession contracts. Work closely with underwriters across different offices to provide meaningful and actionable data analytics support. Develop a sound understanding of natural catastrophe modeling software and keeping abreast of model updates impacting the results. Undertake portfolio maintenance by incorporating deal flow and generating portfolio reports on a regular basis. Monitor natural catastrophes occurring across the globe on a daily basis, undertake an assessment of its impact on the portfolio, and report it to underwriters. Verify and maintain relevant information related to claims and generate relevant reports for use by underwriters. Work on developing of new analytical tools and look for ways to optimize the existing processes. WHO WE’RE LOOKING FOR: The ideal candidate should have: A graduate degree in engineering or a postgraduate degree or diploma in insurance or business management with zero to three years of experience. Good quantitative and analytical skills, robust oral and written communication skills, and keen attention to detail are prerequisites for this role. Knowledge of vendor models (AIR and/or RMS) and programming languages such as Python and SQL will be helpful but are not required. The Firm offers excellent benefits, a casual, collegial working environment, and an attractive compensation package. For further information about our recruitment process, including how applicant data will be processed, please visit https://www.deshawindia.com/Careers.shtml. Members of the D. E. Shaw group do not discriminate in employment matters on the basis of sex, race, colour, caste, creed, religion, pregnancy, national origin, age, military service eligibility, veteran status, sexual orientation, marital status, disability, or any other protected class.
