We are looking for a Long Tail CAT Expert, based in Chicago, IL, Alpharetta, GA, O'Fallon, MO or Toronto, Canada
Your Team The NA Catastrophe Management team leads and owns accumulation topics across North America - encompassing framework development, implementation, and monitoring - while serving as the regional center of expertise for emerging risk analysis and risk mitigation strategy. Our team is dedicated to ensuring Allianz is well-positioned for an uncertain future, combining deep technical capabilities with a forward-looking mindset to drive rapid progress and meaningful impact across the organization.
The Impact You Will Have Reporting to the Regional Head of CAT Management, North America, the Long Tail CAT Expert will play a key role in enabling and implementing the Allianz Commercial North America Nat Cat and Capacity management strategy. You will closely align with North America LoBs, global and local leaders, and various finance functions, ensuring that LoBs properly utilize available capacity as well as communicate updates to the CTO and conduct related management reporting. You will not only measuring performance through related KPIs, but also work actively to improve our overall strategy, tools and processes. You must be able to work independently with very limited guidance in very complex areas and situations.
Some of your specific responsibilities could include:
- Managing long tail Cat modelling, including creating local models and creating data pipelines and API calls.
- Developing and implementing the North America Nat Cat Capacity management strategy for long tail accumulations, including capacity management and risk appetite specific to long tail lines.
- Driving innovation and change related to modeling upgrades and enhancing other tools, working closely with global teams to ensure alignment.
- Developing upgraded tools to better enable capacity steering and support long tail Underwriting.
- Organizing and supervising model runs and reviews.
- Working with CTO employees to run Catastrophe loss modelling reports and preparing regular and ad-hoc data extracts and reports for the monitoring of global loss potential, including portfolio analyses, CAT limit monitoring (AZ Group and AzC internal limits), supporting global business steering and providing input to ensure adequate Reinsurance protection.
- Cooperating closely with the Product Leaders and Regional Underwriting specialists to support defining the risk appetite and capacity steering.
- Collaborating and coordinating across LoBs, cross-functional and cross-geographical senior level management, especially with the Global Accumulation and CAT management team, to define scope, agree on timeframes and execute deliverables with internal and external clients, with little additional guidance for ad-hoc data, reporting and project-related tasks.
- Defining and establishing interfaces to neighboring teams and creating efficient work processes (e.g., LoBs, Global pricing, and other functions) to support business steering, portfolio management, and data quality improvements.
- Activating and leveraging existing resources across the business to develop cross-collaboration, managing relationships to enable diverse groups to collaborate and achieve sustainable outputs.
- Coaching other CTO employees in global loss modelling activities and related analyses, including using in-depth knowledge of model methodology and function to explain and validate modelled loss output.
- Leading long-tail accumulation modelling using industry-standard tools, including scenario design, industry-relationship mapping, and the simulation of accumulation events.
- Assessing litigation-based and industry-wide exposure pathways, connecting model concepts (e.g., causation chains, litigation agents, culpability structures) to real-world long-tail claim behaviors).
- Owning the data augmentation process, ensuring accurate enrichment of portfolios with granular industry and turnover coding, and integrating data from multiple internal systems to support robust model performance.
- Interpreting model outputs expertly, including probabilistic and stochastic simulations, translating systemic risk results into meaningful business insights for long-tail portfolios.
- Enabling technical integration of model results, supporting ingestion into internal analytics environments (APIs, Databricks, PowerBI) for consistent global usage.
What You'll Bring to the Role - A minimum of 3 years of experience in and deep understanding of Liability/Casualty long tail CAT modelling management, including creation of local models, data pipelines and API calls;
- Verisk Arium experience is required;
- A minimum of 3 years of experience in insurance/reinsurance and Catastrophe Modeling Software. GIS (Geographical Information Systems) applications;
- Strong background in cross-divisional and cross-departmental interactions, preferably additional experience beyond Underwriting (e.g., Actuarial, Finance, Reinsurance);
- Strong knowledge of critical insurer financials, pricing, and reserving;
- Experience with strategy and/or business development in underwriting or a different functional area;
- Technical and practical background in probabilistic CAT loss modelling concepts, as well as Risk Analysis and Catastrophe Modeling Tools;
- Experience with Databricks, and Power BI highly preferred
- Project management and change management skills;
- Excellent verbal and written communications skills with an ability to communicate with a variety of people across the organization;
- Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.
- Degree in Mathematics / Actuarial / Finance / Engineering / Geosciences (graduate degree preferred..
External applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.
The annualized base pay range for this role in Chicago, Alpharetta and Toronto is $130,000 - $170,000 . The annualized base pay range for this role in O'Fallon is $130,000 - $150,000 . The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.
98505 | Underwriting | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent
