Catastrophe Researcher
US-IL-Bloomington
Careers (External)
Req #: 44430
Type: Regular Full Time
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Overview: Being good neighbors - helping people, investing in our communities, and making the world a better place - is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good! Office Location(s): Bloomington, IL; Dunwoody GA; Richardson, TX; Tempe, Arizona Hybrid Work Arrangement: In this position, you should plan to spend time working in the office two-days per week and remotely (with the ability for same day travel to and from your assigned office location) as part of a hybrid work arrangement. Work arrangements could change over time based on business need. Your manager will share additional information regarding your department's approach and what it means for you. *****Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity***** Responsibilities: 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. You will be joining a growing analytics team that produces innovative solutions in a collaborative and results-driven environment. Primary Responsibilities: * 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. Qualifications: We Are Looking for Candidates With: * 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. Recent (within past 2 years) graduates will be required to provide school transcripts. *****Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity*****
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