Expert CAT Risk Analyst

We are looking for an Expert CAT Risk Analyst, based in Chicago  

 
Your Team  

Our team is committed to providing the best-in-class CAT analytics and accumulation management solutions for our LargeCorp business and our clients. As the leader of our CAT Risk Analytics & Services team, you will have the opportunity to shape the future of CAT analytics, reporting and management within a global team whose professionals are passionate about what they do.  We value collaboration, innovation and diversity, and strive to create an environment that fosters growth and development.  

Our team is dedicated to staying up to date with the latest trends, developments and technologies in catastrophe risk assessment, and therefore we encourage continuous learning and professional development. Together, we work towards a common goal of reducing uncertainty by providing superior services to our internal stakeholders, so that Allianz Commercial continues to grow its portfolio in a sustainable, profitable and diversified way.  

The Impact You Will Have 
Reporting to Head of CAT Risk Analytics and Services, the Expert CAT Risk Analyst will be responsible for  identifying and quantifying major accumulation risks to assist in the establishing the appropriate risk mitigation and control mechanisms to ensure the financial solvency of Allianz Commercial. You will apply solid catastrophe modelling techniques, principles and understanding to meet team objectives and will help  lead others in these activities. You will be responsible for medium to large size projects and for specific outcomes relating to definition, execution and delivery phases of the project. This position requires a strong background in Reinsurance with direct experience in providing analyses supporting reinsurance  placement. 

Some of your specific responsibilities could include:  

• Serving as in house expert on reinsurance topics, including leading annual modeling activities related to reinsurance placement and renewal and working collaboratively with internal and external reinsurance teams and brokers. 

• Running catastrophe loss modelling software (natural perils and terrorism) and prepare data extracts and reports for the monitoring of Allianz Commercial global loss potential, including portfolio analyses, CAT limit monitoring (Allianz Group and Allianz Commercial internal limits), supporting global business steering and providing input to ensure adequate reinsurance protection. 

• Defining scope, agreeing on timeframes and executing deliverables with internal and external clients. 

• Leading/mentoring others in global loss modelling activities and related analyses, including use of in-depth knowledge of model methodology and function to explain and validate modelled loss output. 

• Collaborating with CUO LOBs and other relevant functions (Actuarial, Risk Management, Reinsurance, Risk Consulting, Claims, etc.) to support business steering and portfolio management, Solvency II requirements, reinsurance renewals and data quality improvements. 

• Providing on the spot consultancy and translating/explaining CAT Modeling results and reports to internal stakeholders, including explaining portfolio impact (e.g., from model changes to internal clients). 

• Training and educating across Allianz Commercial, Allianz Group, as well as clients. 

• Managing the evaluation process relating to modelling upgrades, GIS applications and other vendor catastrophe loss modelling software., as well as upgrade and change activities, including technical and portfolio impact analyses and documentations. 

What You’ll Bring to the Role  

• A minimum of 5 years of insurance and/or reinsurance experience; 

• Understanding of underwriting practice for industrial risks and corporate business on a global basis; 

• Expert knowledge of Catastrophe Modeling and Catastrophe Modeling Software (RMS, AIR, EQECAT) and GIS (Geographical Information Systems) applications ; 

• Experience with MetaRisk, Igloo, ReMetrica or similar reinsurance modeling software 

• Project management experience; 

• Ability to drive results, innovation and change; 

• Excellent verbal and written communications skills with an ability to communicate with a variety of people across the organization;  

• Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making; and 

• Degree preferably in Geosciences, Engineering or Mathematics, or other quantitative discipline. 

  
External applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship. 

The annualized base pay range for this role is $120,000 to $140,000. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package.  As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.  

What’s in it for you? 

Let’s care about everything that makes you, you 

We are committed to nurturing an inclusive environment where everyone feels they belong.  We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.  Please feel free to discuss flexible working arrangements with us. 

Let’s care for your financial wellbeing 

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension. 

Let’s care for your opportunities to progress 

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered. 

Let’s care for life’s twists and turns 

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back. 

Let’s care for our society and our planet 

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients. 

Care to join us? 

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow. 

People with disabilities: 

We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com

Recruitment Agencies: 

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm.Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

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