Analyst-CAT Modelling Job in Bengaluru at AXA Insurance

AXA Insurance is hiring for the role of Analyst-CAT Modelling!

Responsibilities of the Candidate:

• Learning Catastrophe (CAT) Modeling guidelines and ensuring adherence to them while processing accounts.
• Getting detailed know-how on the specific lines of business written at AXA XL in order to understand the tasks you perform.
• Undertaking the processing of various pre and post bind risk modeling tasks via usage of the appropriate application with adherence to the set accuracy, timeliness and productivity goals. The choice of application will vary depending on the product.
• Analysing the bound package terms/conditions and translating them into the modeling application. Gathering and preparing exposure data to input into the model.
• Would be required to understand/ apply the conceptual knowledge of various insurance terminologies like Ground Up Loss, Gross Loss, Client Loss, Occurrence Exceedance Probability, Loss ratio, AAL (Average Annual Loss),etc. while handling risk modeling requests and would in turn be required to respond back to the branch for queries regarding any variations on year-to-year basis. Might be required to interpret modelling results as well.
• Support underwriting with Pricing decisions, thereby learning and correctly capturing the data in Pricing Tool, as and when applicable.
• Communicating with Underwriters and ERM to help resolve queries.
• Using workflow and time-tracking tools to ensure proper work organisation and reporting.
• Constantly challenging existing processes and looking for improvement opportunities. Participating in internal projects/common initiatives together with ERM.

Requirements:

• MBA in Insurance.
• PG Diploma in General Insurance.
• Advanced Diploma in Insurance.
• Associate in Insurance.
• CERT CII.
• Graduate in any discipline, preferably in Mathematics, Finance, Economics or Accounting.
• Relevant years of experience in a corporate environment.
• Good MS Excel (vlookups, pivot tables, formulas). Knowledge of VBA will be an asset.
• Sound numerical ability and analytical mindset, inquisitive mind.
• Ability to work with large amount of data, complex instructions and multiple exceptions.
• Good organization skills and excellent attention to detail.
• Good people skills, communicative and open to new challenges.
• Fluent English (+other language if required).