Senior Atmospheric Perils Specialist

5 months ago

London, United Kingdom Gallagher Full time

About Us:
Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

Overview:
**The company**:

- Gallagher Re is one of the world’s leading reinsurance advisory and broking firms.
- We bring together sophisticated analytics capabilities, risk transfer and transactional expertise to provide advice and counsel to our clients.
- We help our clients interpret the data to guide their decisions surrounding the management of their risk portfolio.

**The team**:

- The Model Research and Evaluation is a multi-national team of enthusiastic and team-oriented individuals with different specialities: Wind, Flood and Earthquake.
- The team works closely with our research partners and internal stakeholders to translate the latest science and technology into solutions to help clients manage their natural catastrophe risk.
- The team is one of the largest and most respected cat model evaluation teams in the industry.

**The scope**:

- The scope of the Model Research and Evaluation team is rapidly 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.
- Catastrophe modelling plays a key role in the (re)insurance industry, helping to determine the capital and reinsurance requirements of (re)insurance companies.
- Several catastrophe modelling options are available in the market, and it is very important to understand their strengths and weaknesses, as well as develop alternative solutions, to help Gallagher Re clients to form their ’view of risk’.

**The role**:

- The main responsibility of the Senior Atmospheric Perils Specialist is the evaluation and assessment of catastrophe risk models from a climate science perspective, focussing on wind and tropical cyclones.
- The specialist will work at the heart of the Global Model Research and Evaluation team at Gallagher Re.
- He/she will lead and coordinate model research and evaluation projects to ultimately define the Gallagher Re view of catastrophe risk for a peril/region and inform (re)insurance decision making and enhance internal research and evaluation frameworks.

**Responsibilities**:

- The main responsibilities are:

- collecting and processing third party data, e.g. atmospheric observations, hazard layers, outputs from climate change models, academic vulnerability curves, etc
- analysing and validating catastrophe model outputs
- producing/editing evaluation reports and presenting these to internal and external stakeholders.
- Enhance the design, planning, coordination, and production of relevant model sensitivity analyses for different territories (world-wide coverage)
- Research specific topics related to catastrophe (with an increasing focus on climate change) from the scientific literature as requested by our clients.
- Communicate effectively with team members, business-units and brokers.
- Collaborate with and provide guidance to junior specialists of the team to undertake model evaluation and adjustment projects.
- Collaborate with model vendor experts to understand their new models / model updates and compare / contrast choices made between vendors models.
- Write reports, create and present presentations, produce plots and proof-read documents.
- Support team members in automating output generation processes.
- Liaise with offices and teams world-wide and participate in business-travel as required.
- Present at industry and academic conferences.

Qualifications:

- Ideally 2-5 years of experience, but will consider other levels
- Good knowledge of catastrophe models from Verisk or RMS
- Excellent written and oral communication skills
- Good knowledge of programming in R, Python, SQL or equivalent
- High level of competence with MS Office (Excel, Word, PowerPoint)
- Experience in visualising spatial data (R, ArcGIS/QGIS, Python or equivalent)
- Experience with tropical cyclone catastrophe modelling is desirable

**The location**
- Preference for London or Minneapolis or Mumbai.
- Other locations in Europe, US or Canada can be considered.
- Remote work can also be considered but for exceptional individuals.

Additional Information:
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the **minimum core benefits** you’ll get, depending on your job level these benefits may improve:

- Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ 5 more days
- Defined contribution pension scheme, which Gallagher will also contribute to
- Life insurance, which will pay 4x

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