Catastrophe Modeling Specialist
: Job Details :

Catastrophe Modeling Specialist page is loadedCatastrophe Modeling SpecialistApply locations NY-NYC (Ave of Americas) NJ-Warren time type Full time posted on Posted 2 Days Ago job requisition id JR-000430

MSIG USA continues to grow!

Company Overview:

MSIG USA is the US-based subsidiary ofMS&AD Insurance Group Holdings, Inc. , one of the world's top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business's unique risks.

Location

Warren, NJ / New York, NY / Hybrid

Summary / Job Purpose

This role combines hands-on catastrophe modeling execution with the coordination of outsourced modeling operations. The Specialist is expected to run catastrophe models (primarily AIR Touchstone), manage exposure data quality, perform portfolio analyses, and act as the main point of contact with the BPO team. The role requires both technical expertise and project management skills, ensuring that underwriting objectives are accurately translated into modeling deliverables.

Key Responsibilities

• Execute catastrophe modeling workflows using AIR Touchstone, including account-level and portfolio-level analyses.
• Manage BPO vendor relationship: assign modeling tasks, clarify modeling specifications, and provide feedback on deliverables.
• Perform quality control on modeling inputs and outputs (e.g., property characteristics, geocoding, PMLs, AALs).
• Support the underwriters with ad-hoc modeling requests and risk analysis for large accounts or unique structures.
• Conduct aggregation monitoring, real-time event modeling (e.g., via Alert), and support exposure reporting across business segments.
• Develop and maintain internal documentation of modeling standards, SOPs, and data dictionaries.
• Assist with regulatory and rating agency reporting (e.g., NAIC, AM Best).
• Partner with actuaries and underwriters on portfolio steering initiatives, trend analysis, and reinsurance optimization.
• Support the use of AIR modeling data for internal and head office reporting requirements.
• Collaborate with internal teams to validate requirements and assist in the integration of AIR workbooks into the Underwriting Workbench.

Required Qualifications

• Bachelor's degree in Mathematics, Risk Management, Engineering, Computer Science, or a related quantitative field.
• Minimum 3 years of experience in catastrophe modeling or exposure management in the (re)insurance industry.
• Hands-on experience with AIR Touchstone required; experience with RMS models a plus.
• Knowledge of catastrophe perils (e.g., hurricane, earthquake, wildfire) and how they impact property risk.
• Proficiency in Excel, SQL, and geospatial tools (e.g., AIR's Geospatial Module).
• Experience working with or managing outsourced/BPO modeling resources preferred.
• Strong communication skills with the ability to serve as a bridge between technical modeling and underwriting business needs.

Preferred Attributes

• CEEM or other catastrophe modeling certifications a plus.
• Strong project management skills and attention to detail.
• Experience in multi-line property portfolios or commercial large schedules.
• Familiarity with regulatory requirements for CAT exposure (e.g., ORSA, NAIC Climate Risk Disclosure).

Work Style

• Hybrid work model.
• Flexibility required during CAT season and quarterly reporting periods.

Salary: In New York City, and New Jersey the base pay range is $95,000.00 - 125,000.00. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.

Invest in Your Future With Us

Each employee plays an important role which contributes directly to the success and continued growth of MSIG.

About Us

MSIG Holdings (U.S.A.), Inc. (MSIG) is a wholly owned subsidiary of the MS & AD Insurance Group Holdings, Inc. – one of the top ten property-casualty insurance groups world-wide. Our Group has capital in excess of $25 Billion, operations in more than 40 countries and nearly 40,000 personnel located globally.

MSIG in the U.S. is comprised of three insurance companies with licenses in all fifty states as well as Puerto Rico and the District of Columbia. These companies and five other subsidiaries, deliver state of the art risk financing programs, insurance products, risk engineering and claims management services that enable our clients to effectively and efficiently manage their risks. Our insurance companies share the A.M Best's A+ XV Rating and Standard & Poor's A+ Rating of our Japan-based parent.

Our clientele runs the gamut from small and mid-sized, sole-proprietorships, partnerships and corporations, up to some of the largest and most sophisticated multinational corporations operating in the U.S. and globally.

The vast majority of clients seek our support related to Commercial Lines insurance products including Commercial Property and Liability Insurance products. However, through our subsidiary – Seven Hills Insurance Agency, LLC. – we are able to provide Personal Lines Insurance products including homeowners, renters, automobile, etc.

All Risk Property, Commercial Liability, Automobile, Workers Compensation, Management Liability, Marine, Excess & Umbrella, Claims Management, Risk Engineering services, etc.

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