Catastrophe Modeling Manager at American Agricultural – Schaumburg, Illinois

AmericanAg®, a global provider of diversified reinsurance solutions, is seeking a Catastrophe Modeling Manager to work out of our Schaumburg, IL office. This will be a hybrid role working in the office a minimum of three days a week.

As part of the Actuarial team at AmericanAg®, the Catastrophe Modeling team works directly with internal stakeholders and Farm Bureau® clients to evaluate catastrophe risk and its impact across the (re)insurance value chain.

In this hands-on leadership role, the Catastrophe Modeling Manager will be responsible for leading and managing a team that completes all aspects of catastrophe modeling services to our Farm Bureau® clients. This role provides a unique opportunity to apply your catastrophe modeling expertise across both insurer and reinsurer perspectives.

The Catastrophe Modeling Manager will be responsible for:

• Leading, mentoring, and developing a team of catastrophe modelers that provide catastrophe modeling services to our Farm Bureau® clients
• Providing expertise for all aspects of catastrophe modeling, including scrubbing data, reconciling data, creating pro-forma data modifications, loading data files, running the catastrophe models, completing sensitivity and ad-hoc analyses, and interpreting and presenting results to our Farm Bureau® clients
• Ensuring that modeling is completed to support Farm Bureau® reinsurance placements and incorporated into our reinsurance portfolio modeling
• Delivering assumed reinsurance portfolio modeling analytics to our Farm Bureau® clients as well as modeling reports required for rating agencies
• Ensuring modeling aligns with the latest best practices and actuarial needs and objectives
• Assisting with the configuration and testing of the internal portfolio management platform to support new models, model frameworks, and process automation
• Responding to internal and external modeling questions, modeled results, and troubleshooting issues
• Traveling and attending Farm Bureau® conferences to present relevant modeling information, model changes, and reinsurance placements
• Providing in-depth analyses and coordinating with actuaries and external brokers on validation studies for new or updated models
• Supporting the company’s event response services by providing modeled loss estimates after catastrophic events
• Utilizing the internal portfolio management system to model reinsurance structures and automating recurring reports
• Providing reinsurance cost allocations for clients utilizing standard or adjusted catastrophe models
• Attending catastrophe modeling conferences to understand latest trends and upcoming model changes and communicating those model changes and updates to stakeholders

What you will bring to this position:

• 7+ years of catastrophe modeling experience with RMS and AIR models
• People management experience, including coaching, mentoring, training, and developing employees
• Extensive experience working on primary insurance company datasets and modeling deliverables
• Advanced proficiency with SQL and Excel, along with a working knowledge of GIS tools
• Knowledge of insurance/reinsurance, coverage, and contracts
• Exceptional communication, interpersonal, and presentation skills
• Ability to identify, address, and resolve complex challenges and opportunities
• Ability to build effective relationships with internal and external stakeholders
• Strong problem-solving and analytical skills, with the ability to research problems in different ways, analyze potential solutions, and create solutions
• Understanding of actuarial reinsurance pricing practices and concepts

The expected starting salary range for this position is between $145,000-$190,000. Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. This position is also eligible for an annual bonus. For information regarding our benefits, please click here.

We do not sponsor employment visas and are unable to take over an employment visa from another employer. Applicants must be authorized to work in the U.S. for ANY employer without the need for employment visa sponsorship.

Who We Are:

Since 1948, AmericanAg® has provided reinsurance services that promote the financial strength and success of its clients. We are a direct provider of reinsurance to the Farm Bureau® insurance companies and also participate in assumed U.S. and international reinsurance programs through the broker marketplace. Learn more at aaic.com.

Reasons to Consider AmericanAg®

At AmericanAg® you’ll work alongside a diverse team of highly educated and experienced professionals. We foster a dynamic culture where innovative ideas are championed and brought to life and where employees are appreciated, engaged, and encouraged to reach their full potential.

AmericanAg® participates in E-Verify. Learn more about applicant rights under Federal Employment Laws.