Title:

Global Catastrophe Modeling Leader

Company:

Everest Global Services, Inc.

Job Category:

Analytics

Job Description:

About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

About the Role:

The Leader of Catastrophe Modeling will be responsible for overseeing the catastrophe modeling function across the organization, sitting at the intersection of insurance and reinsurance. This senior leadership role will drive the integration of catastrophe risk analytics into decision-making processes, enabling the company to optimize risk management, pricing, and capital allocation strategies. The leader will be tasked with leading a cross-functional team, working with internal stakeholders to align catastrophe modeling strategies with business objectives, and ensuring the ongoing development of advanced modeling capabilities that meet the needs of both the insurance and reinsurance markets.

Role & Responsibilities (include but not limited to):

Lead and oversee the catastrophe modeling teams within both the insurance and reinsurance functions, ensuring effective integration and collaboration between the two groups.

Develop and execute the strategic direction for catastrophe modeling to support underwriting, pricing, risk management, and capital allocation across all business lines.

Collaborate closely with the executive leadership team to align catastrophe risk models with broader company goals and objectives.

Stay abreast of industry trends, emerging technologies, and regulatory changes related to catastrophe modeling.

Oversee the development, maintenance, and enhancement of catastrophe models, ensuring they are robust, accurate, and reflective of the latest scientific and technological advancements.

Ensure that catastrophe models provide actionable insights for risk selection, exposure management, and portfolio optimization.

Lead the continuous improvement of data and model inputs, ensuring that external catastrophe data, internal claims data, and other relevant variables are utilized effectively to inform decision-making.

Evaluate and integrate new data sources and modeling techniques to enhance model performance.

Utilize and implement climate change models into current and future catastrophe models.

Work with the risk management and actuarial teams to incorporate catastrophe model results into capital modeling, solvency, and strategic risk planning.

Ensure that catastrophe models are validated, stress-tested, and optimized to respond to changing market conditions, regulatory requirements, and emerging risks.

Drive the integration of innovative technologies such as AI, machine learning, and big data analytics into catastrophe modeling processes.

Maintain strong relationships with external modeling vendors, regulatory bodies, industry groups, and other stakeholders to ensure the company stays at the forefront of global catastrophe modeling practices.

Foster a culture of continuous learning and development, mentoring and training team members in the latest tools, methodologies, and industry trends.

Act as the primary point of contact for all catastrophe modeling inquiries and provide expert guidance to senior leadership on the interpretation and application of model outputs.

Contribute to the development of risk management policies and provide insights to help the company navigate the risks associated with climate change, natural disasters, and other catastrophic events.

Oversee the acquisition, management, and quality control of data used in catastrophe models, working with IT to establish data management best practices.

Qualifications: 

Proven experience (10+ years) in catastrophe modeling within the insurance or reinsurance industry.

Strong leadership experience with the ability to manage and inspire cross-functional teams, drive strategic initiatives, and build strong relationships across business functions.

Advanced knowledge of catastrophe modeling software, risk modeling techniques, and data analytics tools (e.g., RMS, AIR, and others).

Strong understanding of the global reinsurance market and the relationship between catastrophe modeling, underwriting, pricing, and capital management.

Excellent analytical, problem-solving, and decision-making skills, with a focus on strategic risk management and portfolio optimization.

Familiarity with regulatory requirements and industry best practices related to catastrophe modeling and risk management.

Advanced degree (e.g., MSc, PhD) in a relevant field such as mathematics, engineering, environmental science, or actuarial science is highly desirable.

Proven ability to integrate advanced technologies such as machine learning and AI into catastrophe modeling practices.

Strong communication skills with the ability to present complex technical information to senior executives, clients, and external stakeholders.

Experience with cloud computing platforms.

Knowledge, Skills & Competencies:  

 Professional certifications (e.g., Fellow of the Casualty Actuarial Society (FCAS), Associate of the Casualty Actuarial Society (ACAS), Chartered Enterprise Risk Analyst (CERA)) are a plus.

Experience in climate change modeling and emerging risks.

Familiarity with regulatory frameworks in key global markets (e.g., Solvency II, ORSA, etc.).

Global experience, with a strong understanding of different regional risks, regulatory environments, and market dynamics.

Strategic thinker with the ability to align technical modeling capabilities with broader business objectives.

Strong leadership capabilities with a proven track record of driving innovation and fostering cross-functional collaboration.

Excellent communicator with the ability to explain complex risk modeling concepts to non-technical stakeholders.

Proactive, results-oriented, and capable of thriving in a fast-paced, dynamic environment.

Passionate about advancing catastrophe modeling practices and contributing to the ongoing evolution of risk management in the global insurance and reinsurance markets.

For CA, NY, NJ or IL: The base salary range for this position is $300,000 - $375,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

 

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture. 

Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.  

 

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. 

Type:

Regular

Time Type:

Primary Location:

Warren, NJ

Additional Locations:

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at everestbenefits@everestglobal.com.

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