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6 Sep 2023

Full-Time Research Support Officer

Validus Research Inc – Posted by peroadenusi 120 Bremner Blvd Toronto Suite 2030, ON M5J 0A8

Job Description

Who We Are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Validus Re is among the world’s largest and most successful reinsurers specializing in the assumption and management of volatility risk. Validus Re operates from seven offices internationally and provides a broad suite of reinsurance products and services, backed by highly rated capital and specialized local knowledge, in virtually every corner of the world.

 POSITION SUMMARY:

  • The Research Support Officer will proactively deliver critical information for risk selection, working with underwriters located in Bermuda, London, Miami, Zurich and Singapore. The Research Support Officer will do this by thinking critically about the submitted property exposure, the quality of the exposure, and the modeled output, building and maintaining relationships with our underwriters.

KEY RESPONSIBILITES:

  • Prepare policy data for use in commercially licensed property catastrophe models (e.g. AIR Worldwide & Risk Management Solutions) and proprietary models (e.g. VCAPs, VRISC, Model File Management)
  • Communicating relevant information to underwriters, senior managers and brokers, such as analysis results, exposure and loss analytics, and key drivers of risk
  • Assessing data quality/accuracy of data submissions
  • Lead projects for internal development initiatives
  • Drive efficiencies in process and creating new ways to solve challenges within the catastrophe modeling team
  • Creating reports and giving presentations to senior management
  • Assisting in model change management related activities for catastrophe model vendor updates and the Validus View of Risk
  • Thinking creatively to come up with efficient solutions to problems
  • Contributing thoughts on innovation to drive profitability of AIG Re
  • Building and maintaining underwriter, broker, client, and reinsurer relationships
  • Training junior and/or new analysts
  • All other duties as assigned

REQUIRED SKILLS AND EXPERIENCE:

  • Working knowledge of industry catastrophe models (AIR & RMS) and MS SQL, 2 1/2+ years related work experience
  • Domain knowledge of the P&C treaty reinsurance/insurance market
  • Undergraduate and/or graduate degree in a quantitative discipline (e.g. mathematics, economics, finance, statistics, meteorology, earth sciences, computer science, etc.)
  • Ability to work under pressure and within a team framework
  • Excellent verbal and written communication skills i.e. a thorough command of the English language, including excellent spelling, grammar and punctuation
  • The ability to deal effectively and courteously with clients and colleagues, and to exercise discretion and confidentiality in all matters
  • Experience working with large datasets
  • Experience with programming languages like R or Python
  • Must be able to work outside of normal office hours including evenings, weekends and public holidays if necessary

Company Operating Name: Validus Research Inc

Business Address: 120 Bremner Blvd Toronto Suite 2030, ON M5J 0A8

Terms of Employment: Full-time, permanent

Language of work: English

Salary Range: $60,000 -$80,000

Benefits package: Medical, Dental, RRSP Contribution, 5% Pension contribution, 26 days PTO

Work Location: Hybrid remote in Toronto, ON

Please email applications to pero.adenusi@aig.com, including a copy of your resume.

How to Apply

Please email applications to pero.adenusi@aig.com, including a copy of your resume OR apply via the career website: https://aig.wd1.myworkdayjobs.com/aig/job/Toronto/Research-Support-Officer_JR2303919

Job Categories: Risk Management. Job Types: Full-Time. Salaries: 60,000 - 80,000.

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