US Reinsurance Catastrophe Analytics Analyst

Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are committed as one firm to our purpose, united through trust as one inclusive, diverse team and we are passionate about helping our colleagues and clients succeed.Information about the business:Aon is a leading global professional services firm providing a broad range of Health, Wealth, and Career solutions. Our 50,000 colleagues in 120 countries empower results to advise clients using proprietary data and analytics to deliver insights that improve performance and governance.Aon is an equal opportunities employer. Aon's recruitment and selection policy ensures the best possible skill mix of colleagues and the highest quality candidates are appointed using objective job-related criteria.Details about the team:Aon Reinsurance Solution’s US Cyber Analytics team consists of analytics professionals responsible for catastrophe Modeling and actuarial work, focusing on the cyber line of business. These divisions work collaboratively to support brokers and clients through analytics to achieve reinsurance placements and provide market insights. The team is spread out across the United States, with a concentration in New York and Chicago, and the role involves global collaboration with colleagues located outside of the US.General description of role:We are seeking a Catastrophe Analytics Analyst for our Cyber Practice Group to support our expanding client base and the evolving needs of the cyber insurance and reinsurance market.Primary role is to support the catastrophe modeling needs of our clients and brokers, as requested by supervisors or brokers, including new and renewal business as well as RFP’s and AdHoc projects or internal research assignments. Analysts are expected to develop proficiencies in both internal & external applications in order to accomplish assigned modeling tasks. You will become familiar with Aon’s tools and approach, contribute to their development and present Aon’s solutions and services to our clients. Secondary role is to assist in advancing the intellectual capital of the Cyber Practice Group through data collection and research including vendor model testingJob responsibilities:Analyze the risk inherent in cyber insurance portfolios using external vendor models such as CyberCube, Moody’s RMS and Cyence.Inventory and manage data related to insurance and reinsurance portfolios.Prepare property insurance policy data for catastrophe risk analysis using Excel, R, SQL and other data conversion tools.Create professional reports and visualizations to clearly communicate findings to internal and external clients and partnersRespond to brokers, clients, and reinsurers on issues and questions relating to risk analysis for Cyber exposures.Prepare and send catastrophe risk assessment data to reinsurers and participate in reinsurance market calls.Understand cyber insurance products, how they work and their purposeUnderstand types of insurance products, and how cyber risks can impact themUnderstand reinsurance contracts and products (terminology, terms, and conditions)Take initiative on internal projects to improve processes, products, or servicesTake ownership and responsibility for quality, accuracy, and timely completion of analysesIndicators of success in the role:Complete tasks and respond to broker/client requests in a timely manner with an emphasis on accuracy and completenessProactive in identifying potential issues or constraints that can affect the ability to meet deadlinesBe able to manage multiple projects/tasks at one time through effective prioritization and time managementShow continued interest in developing knowledge of cyber (re)insurance market and catastrophe modeling methodologies through active participation in cyber team discussions, vendor webinars and model conferences.Alignment to Aon’s valuesReliable in following through on assigned tasks and responsibilitiesContinuous improvement by seeking feedback and new opportunities to growEffective collaboration with brokers, analytics colleagues and clients, demonstrating inclusivity of diverse perspectives to shape decisions for the betterApproach tasks with enthusiasm and creativity by suggesting new ideas, improvements or solutionsSkills/competencies required:Proficiency in Microsoft Excel, Word, and PowerPointProficiency in one or more of R, Python and SQL, or similar toolsComplete tasks accurately and on time or ahead of schedule, being aware of timelines and expectations of clients and colleaguesExcellent interpersonal and communication skills (oral and written) for both technical and nontechnical audiencesAbility to work in a fast-paced environment, independently and in collaboration with othersFlexibility to adapt when project timelines and expectations may change, and to adapt approaches when data is limitedTake initiative on internal projects to improve processes, products, or servicesTake ownership and responsibility for quality, accuracy, and timely completion of deliverablesAbility to identify and resolve problems, think creatively, strategically, and analyticallyRequired years of experience:1-3 years of experience in the insurance industry, ideally in a cyber cat modeling role.Required education and certifications critical for the role:Undergraduate degree in Math, Economics, Finance or other similarly quantitative or analytically orientated major, or equivalent experience.How we support our colleaguesIn addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.Pay Transparency Laws:The salary range for this position (intended for U.S. applicants) is $70,000.00 to $100,000.00 USD. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location.This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies. #J-18808-Ljbffr