Earthquake specialist

Role :

We are looking for an Earthquake Peril Expert to join our Model Research and Evaluation team (MR&E). Catastrophe modelling plays a key role in the reinsurance industry helping determine the capital and ultimately reinsurance requirements of (re)insurance companies. The models used in the industry are imperfect, and it is very important to understand their weaknesses, as well as develop adjustments to correct their more significant biases. The role of model research and evaluation is expanding, as more data becomes available, more models are built, regulation makes stricter demands on model users and generally the sophistication of model users increases. The individual we are seeking would be involved in all stages of model research and evaluation from studying the models, to adjusting biases and producing evaluation reports and documentation.

Core Responsibilities :

- The main responsibility is interpretation and assessment of catastrophe risk models related to Earthquake perils. This involves an in-depth understanding, evaluation and potential adjustment of different Catastrophe model components, for both commercial and in-house software.

- Design, plan, carry out and coordinate model sensitivity analyses for different territories (worldwide coverage).

- Utilise any Willis Research Network (WRN) generated (and other) scientific output for model interpretation/adjustment.

- Ensure a rapid response for model version change tests and interpretation, as a basis for clients pecific model change management work carried out in the Commercial Application areas

- Help standardising existing model interpretation methods

- Working with MR&E colleagues in London to deliver Catastrophe Risk Management services to clients

- Build and maintain a library of outputs for instant use by analysts and brokers

- Write reports and create presentations

- Liaison with offices and teams world-wide and participate in business-travels that may be required

- The role may develop to also include development and evaluation of in-house catastrophe models

Minimum requirements :

- Masters level degree in geophysics, earthquake engineering, engineering seismology, seismology,geology or another closely related field (geodetics etc.)

- Excellent oral and written skills in English

- Mathematical skills at or beyond United Kingdom A-level standard

- Strong analytical skills - the candidate should be able to demonstrate where they have successfully analysed complex problems either in their past work or during their education Preferred

- PhD level degree in earthquake peril, or closely related to earthquake

- Experience in catastrophe model development

- High level of competence with MS Office packages (MS Excel, MS Word, MS Power Point)

- Strong statistical skills, and experience with R (or Matlab)

- A good understanding of relational databases and some experience using SQL

- Knowledge of Geographic Information Systems (GIS), particularly ESRI

- Direct experience of at least one of the main catastrophe modelling software: RMS, AIR and EQECAT

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