CAT Modeling Analyst

At Coaction, we’re a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients. Coaction is seeking a motivating candidate with catastrophe modeling expertise to work directly with decision makers to steer and optimize our book of business. This role is focused to support Enterprise Risk Management (ERM) effectively manage our risk profile. The successful candidate will generate analytics, industrialize proof of concept, interact regularly with business and operational stakeholders from various teams. Key duties & responsibilities: Provide CAT modeling and analytical support to home office business leaders, corporate CAT, actuarial, and finance teams Provide updates and loss estimates on CAT events before, during, and after occurring Support activities like treaty and CAT reinsurance placements, generation of portfolio analytics, and annual CAT budgeting Continuously improve the quantity and quality of data captured for modeling Support efforts to streamline internal CAT modelling processes and reporting tool development Work with internal partners as needed to respond to rating agency surveys, and support regulatory filing requirements Qualifications: 1-4 years’ experience in catastrophe modeling within an insurance setting Ability to work independently and balance competing time sensitive priorities Strong analytical and quantitative background; sound understanding of probability or statistics Ability to work with large data sets, analyze, process, visualize and communicate complex analyses into simpler explanations of quantitative information to experts and non-experts Independent thinking and creative problem-solving skills High-level of curiosity to scout for new ideas and eagerness to transform them into products or services with commercial value Effective documentation skills Effective verbal and written communication skills Programming knowledge (VBA, SQL or others) is preferable Catastrophe modeling experience with AIR(Touchstone) is preferable Bachelor’s degree required **This is not a fully remote position. Applicants must sit in our Morristown, NJ office on our hybrid work schedule.** Salary range specific to for this role : $95,000-$117,000 + discretionary incentive bonus + benefits depends on various factors including, without limitation, individual and organizational performance. The offered rate of compensation will be based on individual education, experience, and qualifications. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement. Equal Opportunity Employer Coaction is an Equal Employment Opportunity employer. Coaction’s policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, and genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories. If your application is selected, you will receive an email directly from the Coaction Recruiting Team at View email address on click.appcast.io asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent. Coaction Specialty Insurance Group (Coaction) is a privately-owned, specialty property and casualty (P&C) insurance company headquartered in Morristown, New Jersey, with additional offices in Glendale, California, and New York City. Founded in 2009 as ProSight, the company completed a go-private transaction with investment management firm, TowerBrook Capital Partners (TowerBrook), and private-equity firm, Further Global Capital Management (Further Global), in August of 2021. Today, Coaction is a full specialty underwriter across five major product verticals: property, casualty, entertainment, executive liability, and multi-line. Through these verticals, Coaction provides a range of coverages to customers across the U.S. via both open brokerage and delegated underwriting authority platforms. Coaction’s authentic, collaborative, and results-oriented culture is reflected in the focused approach the company takes to fulfilling the needs of each individual customer by combining product, analytics, and underwriting capabilities with strong industry knowledge and partnerships to develop real-world solutions. Through data-driven insights and collaboration with partners, the company coacts with customers and partners to rationally manage risk so businesses and communities can build a more ambitious, confident, and sustainable future. Get to know us