Cat Modeling Specialist

Company Description

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.

Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:

Shape your own career

Grow in a supportive environment

Connect with a community of experts

Make an impact

View Home - PartnerRe Experience e-book to find out more about what it’s like to work at PartnerRe.

We are always looking for bright, proactive individuals to join our team!

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PartnerRe is an equal opportunities employer.

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Compensation and Benefits

The expected base salary range for this position, when hired into our Toronto location, is CAD $89,000 - 139,000 per year. For positions based in other jurisdictions, compensation will be determined in alignment with local regulations, market benchmarks, and internal compensation frameworks. The above range reflects the typical base salary range for candidates hired into this position. The actual salary will vary depending on a number of factors, including job location, experience, qualifications, education/training, skills, market conditions, and alignment with the role’s requirements.

In addition to base salary, eligible employees may participate in our annual incentive program, payment under which is at the discretion of PartnerRe and subject to individual and company performance. Eligible employees also have the opportunity to participate in an array of benefits, including medical, dental and vision coverage, a health spending account, a defined contribution pension plan, life insurance, short- and long-term disability coverage, etc.

Working Arrangement

PartnerRe operates with a hybrid work approach that balances in‑office collaboration with the flexibility of remote work. Our employees are required to be in the office 3 days a week. Our goal is to create an environment where employees can connect, innovate, and perform at their best. 

This position is for an existing vacancy within our organization.

PartnerRe is committed to an inclusive, accessible recruitment experience. Reasonable accommodations  for candidates with disabilities are available upon request throughout the hiring process.

Job Description

Job Summary

The position is embedded in the Catastrophe (Cat) Modeling department, which operates from Singapore, Toronto and Zurich. It is responsible for quantifying the company’s cat risk in close collaboration with the Cat Research, Portfolio Analytics and Tools & Technology departments.

The Cat Modeling team supports risk transfer decisions founded on our scientifically based view of Cat risk by running and analyzing vendor and proprietary cat models.

About the Role

Your core responsibility in this role is to provide timely, efficient and high-quality Cat risk modeling analytics to Underwriting, Actuarial and Risk Management

In more detail your main tasks are:

• Execute Cat modeling requests of all complexities in a highly efficient, diligent, and value-adding manner including thorough exposure data analysis, communication of results and investigating the drivers of changes in the risk of loss over time.
• Contribute to the quarterly portfolio modeling and support regulatory reporting.
• Significantly contribute to or lead projects about the maintenance of the PartnerRe Cat modeling landscape, to improve its efficiency, including support in maintenance, testing and further development of internal software tools and procedure documentations.
• Participate or lead in projects around the development of PartnerRe’s view of natural Cat risk with experts based in Zurich.
• Act as key resource for colleagues with less experience and conduct quality training and reviews upon request.

Work Expreince and Qualifications

• Quantifying the impact of Cat risk on our clients’ business is by its nature uncertain. You enjoy the challenge of balancing these uncertainties, adding value to the Underwriting process by using your analytical and communication skills where it can make the difference to the task at hand.
• The ideal candidate has 3-5 years experience as a cat analysts and gained in-depth knowledge in this discipline and also enjoys supporting colleagues with less experience.

You bring the following qualifications and personal qualities:

• A bachelor/master degree in the field of natural sciences, mathematics, actuarial sciences, engineering, computer science or a related quantitative discipline
• Ability to execute independently on all but most complex modeling tasks while prioritizing and organize tasks under time constraints.
• Specialized depth and/or breadth of expertise in the cat modeling area
• Broad understanding of cat tools and methodologies as well as the reinsurance industry.
• Pro-active, pragmatic, solution oriented with a high level of self-initiative, ownership and responsibility.
• Excellent complex problem-solving skills with a new perspective on existing solutions.
• Very good project management skills.
• Advanced programming skills to produce reproducible and well-maintained code that can be shared and used by other teams.
• Very good communication skills with the ability to present complex technical topics to non-technical audiences
• Proficient (written and verbal) in English, other languages are a plus.

Additional Information

#LI-Hybrid:

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best.  We invite you to learn more about D&I at PartnerRe.

Thank you,

PartnerRe Hiring Team