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Risk Consultant (catastrophe Modelling)

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

The position in BDCS team offers an interesting range of responsibilities includes preparing Facultative and Treaty data for different countries and regions for modeling. It will require applying Insurance & Re-insurance policy conditions, analysis of client exposure data against to different perils and quantifying natural catastrophe risk based on catastrophe modeling software. It will require maintaining clients Turn Around Time and quality all the time. Person should be able to understand & interpret the losses and prepare various reports as per the client requirement.

In addition to above person will also be required to:

  • Perform a wide of range of risk analyses in support of consulting projects and client support.
  • Provide day to day client support helping clients use Verisk’s software platforms and understand Verisk’s catastrophe models and their output.
  • Respond to client questions in a timely manner and help bring them to a speedy and accurate resolution by working collaboratively with our internal teams.
  • Support the on-boarding efforts for new clients in close coordination with our internal teams as needed.  This includes training, workflow design, the usage and interpretation of model results, and addressing challenges related to adopting or transitioning to Verisk.
  • Serve as an ambassador of Verisk to our clients and prospects.

Qualifications

Requirements:

  • 2+ Year of experience in catastrophe modeiling industry.
  • Hands on experience on Verisk’s Touchstone / TS Re software
  • Should understand & interpret CAT Modeling losses.
  • Understanding of policy structure (layers, limits, deductibles) and how it works in (re)insurance industry
  • Attention to detail and superior communication skills.
  • Strong analytical and quantitative skills, with a solid understanding of probability concepts.
  • Proficiency in Microsoft Excel and SQL.
  • Programming skills in SQL, R, Python are highly beneficial.

Education and Experience:

  • A Degree is required preferably in Insurance, mathematics, actuarial science, or business.

#LI-NK1
#LI-Hybrid  

Additional Information

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We’re 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

Average salary estimate

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What You Should Know About Risk Consultant (catastrophe Modelling), Verisk

If you're passionate about risk analysis and have a knack for catastrophe modeling, then we have the perfect opportunity for you at Verisk as a Risk Consultant in our dynamic Hyderabad, Telangana office! In this role, you'll get to dive into the fascinating world of natural catastrophe risk, helping us prepare critical data for various countries and regions. Your day-to-day will consist of applying insurance and re-insurance policy conditions while analyzing client exposure data against different perils. Using cutting-edge catastrophe modeling software, you will quantify risks and maintain our clients' turnaround times and quality standards. Communication is key in this role, as you'll need to understand and interpret losses, preparing insightful reports that cater to client requirements. You'll provide indispensable support to our clients, guiding them through the use of Verisk's software platforms and assisting them in navigating our catastrophe models. Your collaborative spirit will shine as you help resolve client queries swiftly and support the on-boarding of new clients. Here at Verisk, we're all about creating an inclusive work environment where innovation thrives. Join us and be part of a global team that's committed to empowering communities with actionable risk insights.

Frequently Asked Questions (FAQs) for Risk Consultant (catastrophe Modelling) Role at Verisk
What are the responsibilities of a Risk Consultant at Verisk?

As a Risk Consultant at Verisk, your responsibilities include preparing Facultative and Treaty data for modeling, applying insurance and re-insurance policy conditions, analyzing client exposure data, and quantifying natural catastrophe risk using specialized software. You'll also support clients in using Verisk’s tools, respond to their queries, and collaborate with internal teams to ensure quality and turnaround time.

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What qualifications are required for the Risk Consultant role at Verisk?

To apply for the Risk Consultant position at Verisk, you should possess at least 2 years of experience in the catastrophe modeling industry and hands-on expertise with Verisk’s Touchstone / TS Re software. A degree in Insurance, mathematics, actuarial science, or business is also required. Strong analytical skills, attention to detail, and proficiency in Microsoft Excel and SQL are essential.

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How does the Risk Consultant at Verisk support clients?

Verisk's Risk Consultant plays a vital role in client support by helping them understand and utilize our software platforms. This includes training on model results, workflow design, and addressing any challenges they might face while transitioning to Verisk’s systems. Your collaborative approach ensures that clients receive swift and accurate responses to their inquiries.

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What software skills are beneficial for a Risk Consultant at Verisk?

As a Risk Consultant at Verisk, proficiency in Microsoft Excel and SQL is crucial. Having programming skills in languages such as R and Python is highly beneficial, as it enhances your capabilities in analyzing and modeling data effectively.

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What is the working culture like for Risk Consultants at Verisk?

The culture at Verisk is supportive and inclusive, aimed at fostering innovation and professional growth. Recognized as one of the Great Places to Work, we prioritize diversity and embrace individual strengths, ensuring all team members contribute to impactful solutions in risk analytics.

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Common Interview Questions for Risk Consultant (catastrophe Modelling)
Can you explain your experience with catastrophe modeling software?

When answering this question, highlight specific software you've used, such as Verisk’s Touchstone or TS Re. Discuss your hands-on experience, the types of analyses you've performed, and how it has prepared you for the responsibilities of a Risk Consultant.

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How do you approach analyzing client exposure data?

In response, discuss your analytical process, mentioning how you assess data against various perils and the importance of accuracy and details in reporting. Share any examples of challenges you've faced and how you resolved them.

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What techniques do you use to ensure quality and maintain turnaround times?

You should talk about the methods you employ to track performance metrics, how you prioritize workloads, and your strategies for communication with clients and team members to ensure timely delivery of quality results.

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How do you handle client queries effectively?

Explain your approach to problem-solving, focusing on collaboration and communication. Mention how you gather necessary information, consult with internal teams, and follow up with clients to ensure their satisfaction.

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What strategies do you use when training clients on software?

A solid answer would include your preferred training methods—like workshops or one-on-one sessions—and how you adapt your teaching style based on client needs. You might also mention the significance of clarity and support during the onboarding process.

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Describe a challenging project you worked on as a Risk Consultant.

Share a relevant example that emphasizes your problem-solving skills, ability to meet deadlines, and collaboration with team members. Focus on your specific contributions and the positive outcomes.

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How do you stay updated with changes in the catastrophe modeling industry?

Discuss your commitment to professional development, such as attending industry conferences, participating in webinars, and reading relevant publications. This not only demonstrates your interest in the field but also showcases your initiative.

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What is your understanding of policy structure in the reinsurance industry?

In your response, outline your knowledge of policy layers, limits, and deductibles. Make sure to tie your understanding back to practical applications, such as how it affects risk assessment.

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Why do you want to work for Verisk as a Risk Consultant?

Share what excites you about Verisk’s mission, culture, and projects. Connect your career goals to the company’s initiatives and how you can contribute to their ongoing success in delivering innovative risk solutions.

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What role do you think communication plays in a Risk Consultant's job?

Emphasize the importance of effective communication in maintaining client relationships, ensuring clarity in reporting, and facilitating teamwork. Provide examples of how strong communication has positively influenced your work.

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To be the leading strategic data, analytics and technology partner to the global insurance industry by delivering value to our clients through knowledge, expertise and scale.

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Full-time, hybrid
DATE POSTED
December 5, 2024

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