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As a Catastrophe Researcher within the P&C Actuarial department, you will collaborate with colleagues to advise State Farm in managing catastrophe risk. Your focus will be split between providing catastrophe model output and analytics for end users (25% to 50%) and R&D endeavors (50% to 75%). Experience using, interpreting, adjusting, and validating outputs and underlying assumptions of catastrophe models is preferred.
Job Responsibility
Execute upon all aspects of catastrophe modeling, including data preparation and validation, portfolio analysis and postprocessing, reporting of results, data visualization and mapping
Be responsive to a range of queries from internal and external stakeholders on topics including property exposure data, real-time cat events, cat model validation and view of risk
Strategic thinking, problem solving, and communication of technical concepts to a range of stakeholders are core to success in this role
Conduct independent research on catastrophe risk topics and apply findings to inform various insurance industry outcomes
Requirements
4+ years experience in catastrophe modeling and/or risk management
High level of proficiency in data analysis, manipulation, and visualization tools and program languages such as SQL, Excel, R, Python
Experience with cat modeling software (i.e. Verisk, Moodys, Cotality) and an understanding of model methodology, practical uses, and limitations
Knowledge of property insurance
The ability to lead technical, business, and research projects, managing all aspects to successful completion
The ability to manage multiple tasks and projects simultaneously in a results-driven environment
Excellent oral and written communication skills and ability to explain technical concepts succinctly
Advanced degree in Mathematics, Statistics, Computer Science, Meteorology or related Catastrophe Science disciplines
What we offer
Annual raise and bonus
Robust health and wellbeing programs
100% coverage for in-network preventative care
Vision, dental, telemedicine
24/7 mental health professionals
Educational benefits
Tuition assistance programs
Employee resource groups
Mentoring
Fertility/IVF/adoption assistance
College coaching
National discount programs
Interactive monthly financial workshops
Free financial coaching
Savings account options
Financing through State Farm Federal Credit Union
Generous time off policies
Up to 20 days annual leave
Parental leave
Paid holidays
Celebration day
Life leave (40 hours/year)
Bereavement leave
Community service/education support days
Matching Gift Program
Good Neighbor Grant Program
Employee Assistance Fund
Free financial advisors
401(k) plan with company contributions of up to 7% of salary