AI SCORE 8.5

Catastrophe Risk Specialist - Remote Opportunity

$85K–$115K/year

About the Role

We are seeking a dedicated and experienced Catastrophe Risk Specialist to join our team at Wawanesa Mutual Insurance. This remote opportunity allows you to work in a hybrid environment, balancing in-office and remote work. As a Catastrophe Risk Specialist, you will play a crucial role in the analytics and modeling capabilities within our Catastrophe Risk Management team.

What You'll Do

  • Develop and calibrate catastrophe perils using industry-standard software (e.g., RMS, VERISK).
  • Analyze historical data, scientific research, and insurance claims to enhance model accuracy.
  • Collaborate with actuaries, underwriters, and analysts to understand risk exposures and manage exposure accumulations.
  • Interpret model outputs and assumptions from multiple models to help form a view of risk.
  • Coordinate with risk management partners for the independent review of model performance, documentation, and validation.
  • Conduct sensitivity analysis and scenario testing to evaluate the impact of different variables on risk assessments.
  • Proactively share knowledge in catastrophe-related areas, creating learning experiences and fostering teamwork.
  • Communicate findings and recommendations to stakeholders through reports, presentations, and technical documentation.

Requirements

  • Bachelor’s degree in mathematics, statistics, actuarial science, atmospheric science, geospatial science, or a related field.
  • 3+ years of experience in a catastrophe modeling role using RMS and/or AIR Verisk.
  • Proficiency in catastrophe modeling software and programming languages such as R, SQL, or similar for data manipulation and modeling.
  • Strong analytical skills with a deep understanding of risk assessment and modeling techniques.
  • Excellent communication and presentation skills, with the ability to translate complex technical concepts to non-technical stakeholders.
  • Experience in insurance, reinsurance, catastrophe model development, catastrophe risk pricing, or risk management is an asset.
  • Certification or coursework in catastrophe modeling, risk management (e.g., CPCU, ARe) or actuarial exams is a plus.

Nice to Have

  • Experience with advanced statistical analysis tools.
  • Knowledge of regulatory requirements in catastrophe modeling.
  • Familiarity with climate change impacts on risk assessment.

What We Offer

  • Competitive salary range of $85,000 - $115,000 CAD.
  • Annual bonus plan and leave of absence top-up programs.
  • Generous vacation time and personal days.
  • Premium-free benefits and pension plan.
  • Flexible hybrid work environment with the option to work from various locations across Canada.
  • Commitment to Diversity, Equity, Inclusion, and Belonging (DEIB).
  • Support for professional development and career advancement.
Language Requirements
EnglishC1
BasicIntermediateAdvancedNative
Why This Job8.5 of 10

This Catastrophe Risk Specialist role at Wawanesa offers a competitive salary and a flexible hybrid work environment, making it an attractive opportunity for professionals in risk management.

Salary Range
Required
0/1
Optional
0/1
Bonus
0/1

Who Will Succeed Here

Proficient in utilizing RMS and AIR Verisk platforms for catastrophe modeling, with a strong grasp of statistical analysis techniques in R and SQL for data manipulation and risk assessment.

Adaptable and self-motivated in a hybrid work environment, demonstrating effective time management and the ability to collaborate with cross-functional teams while working remotely.

Analytical mindset with at least 3-5 years of experience in catastrophe risk management, capable of translating complex data insights into actionable strategies for risk mitigation.

Learning Resources

RMS Risk Modeling Fundamentalsguide

Career Path

Catastrophe Risk Specialist(Now)Senior Catastrophe Risk Analyst(1-2 years)Catastrophe Risk Manager(3-5 years)

Market Overview

Market Size 2024
$5.2B
Annual Growth
12.5%
AI Adoption
45%
Investment
+25%
Labour Demand
+30%
Avg Salary
$95K

Skills & Requirements

Required
RMSAIR VeriskR
Growing in Demand
Machine LearningPythonGeospatial Analysis
Declining
Excel MacrosBasic R Programming

Domain Trends

Increased Use of AI in Risk Assessment
AI technologies are being integrated into risk assessment processes, with 45% of companies adopting AI tools to enhance predictive analytics.
Shift Towards Real-Time Data Analytics
Organizations are increasingly leveraging real-time data for catastrophe modeling, with 60% of firms indicating a shift towards real-time data capabilities by 2025.
Growing Demand for Cyber Risk Assessment
With the rise of cyber threats, 35% of catastrophe risk specialists are now required to assess cyber risks alongside traditional natural disaster risks.

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