Catastrophe Modeler

The Opportunity

Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.

If you have previous management and underwriting experience and are looking for a new challenge, we would love to hear from you.

Zurich Canada is looking for a Catastrophe Modeler to assesses Catastrophe exposure and contribute to the development of strategies for Catastrophic Risk pricing, under general direction, working closely with business unit and line of business leadership to enable the achievement of business plans

Job Accountabilities - What you bring to the table

• Calculates and / or validates catastrophe exposure for all business segments and/or perils within responsibility assigned.
• Validates data received from business segments and interprets best fit for catastrophe modelling.
• Provides expert guidance to business units to improve exposure data quality. Conducts corrections in cases where exposure data quality issues would have material impact on country results, escalates to senior management.
• Leads data improvement initiates around data entry hygiene, automation of data reconciliation.
• Supports key aspects of portfolio management, including analysis, to monitor profitability and shifts in assigned business segment and/or peril.
• May lead projects for research, experience studies and other statistical analyses.
• Tracks and understands shifts in catastrophe exposures, reports and communicates peril accumulations to senior management in the frequency required.
• Builds and maintains good relationships with key stakeholders (LOB heads, data champions, IT, US stakeholders) in assigned BUs.
• Provide consolidated views for local regulatory authorities as required.
• Demonstrates familiarity with standard LOB risk characteristics. May have additional knowledge about other non-standard LOBs like Cyber or Casualty.
• May lead catastrophe management initiatives for business units and/or segments as needs arise.
• Influences the development and implementation of strategies involving catastrophic pricing and the optimization of capital. Responds to requests from other functions (e.g. risk management, Group Re).
• Supports local and Group Cat Planning process in collaboration with members of Technical Underwriting and Finance teams.
• May be responsible for maintenance and development of tools to streamline production of results.
• Demonstrates specialized knowledge and expertise in products and industry and leads projects to develop technical standards.

Job Qualifications - What you bring to the table

Required:

• Bachelors Degree in Finance, Statistics, Mathematics, Meteorology Natural Sciences and 3-5 years of experience in the Catastrophe Modeling area

OR

• Zurich Certified Insurance Apprentice including an Associate Degree in Finance, Statistics, Mathematics, Meteorology or Natural Science and 3-5 years of experience in the Catastrophe Modeling area

OR

• Masters degree in Finance Statistics, Mathematics, Meteorology or Natural Sciences and 2 or more years of experience in the analytical area

AND

• Programming experience

Preferred:

• Insurance and /or ReInsurance industry experience
• Experience with catastrophe models such as AIR, RMS and EQE
• Experience with data mining, manipulation and analysis
• Knowledge of data visualization and mapping software
• Analytical and problem-solving skills
• Experience collaborating across functional business groups
• Strong presentation, verbal and written communication skills
• Insurance Industry Certifications (CPCU, ARM/ARe, Catastrophe Modeling)

At Zurich Canada, we are committed to pay equity. We determine compensation based on objective criteria such as skills, experience, and internal equity. The salary range for this position is 75,000 – 120,000. This range reflects the expected pay for the role across Canada and may vary depending on factors like office location, specific responsibilities, and individual qualifications. As required by local law, Zurich provides in good faith a reasonable compensation range, but starting salaries may exceed this range based on a candidate’s skills and experience.

Our Culture

• At Zurich, we are proud of our culture. We are passionate about Diversity, Inclusion, Equity and Belonging (DIEB). We want you to bring your whole self to work, and we want our employees to be reflective of the communities in which we live and work. Our DIEB initiatives are creating an environment where everyone feels welcome.

• We have a collaborative culture where diversity of thought is valued. We value your input and strive to give our employees the tools they need to make an impact.

• We care about our employees’ well-being and offer a comprehensive health/benefits plan with varying levels of coverage to suit your specific needs and a competitive total compensation package.

• We understand how important it is to rest, recharge and do the things you love. At Zurich, all employees receive a minimum of four weeks of vacation per year to do just that.

• We also understand that employees require time off for personal reasons. Maybe you have an appointment during a workday, a cultural or religious holiday you would like to observe, or you need time off to focus on your mental health. Zurich employees receive four personal days per year to be used at their discretion.

• We are committed to continuous improvement and offer access to a comprehensive range of training and development opportunities.

• We care about our communities. Our communities are where our customers, people, and shareholders live and work. While we can be proud of the contribution to society Zurich makes through our core business of insurance, we must also give back to our communities through our talent, time and resources.

• We have won numerous awards for our workplace culture. We are proud to be one of Greater Toronto’s Top Employers and to have received Insurance Business Canada’s 5-Star Diversity, Equity and Inclusion Award.

Make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.

About Us

Zurich Canada is part of the Zurich Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. Zurich Canada has been a leading insurance provider serving mid-sized and large companies, including multinational corporations, in the Canadian commercial market for 100 years. With over 650 employees in offices across the country, Zurich offers the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Zurich Canada aspires to be risk management professionals’ first choice as their premier partner to help meet the risk challenges of today and tomorrow. Read more at .

A future with Zurich

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 148 years of experience managing risk and supporting resilience. We are a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. Today, we serve more than 25 industries, from agriculture to technology and insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, Zurich strives to provide ongoing career development opportunities and foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our people, our customers and the communities we serve.