Catastrophe Modelling Research Analyst - Job Opportunity at QBE Insurance Group Limited

Sydney or Melbourne, Australia
Full-time
Mid-level to Senior
Posted: March 2, 2025
Hybrid
AUD 120,000 - 180,000 based on location and experience level, with additional benefits

Benefits

Hybrid work arrangement with flexible scheduling
Comprehensive 'Thriving at our Best' wellbeing program including coaching and counseling
Industry-leading 18 weeks gender-equal parental leave
Enhanced retirement savings with company matching
Premium insurance coverage including income protection
Domestic violence support network
Corporate discounts on various services
Professional development opportunities

Key Responsibilities

Lead catastrophe model validation across multiple natural disaster types globally
Conduct advanced climate change research and implementation in risk modeling
Manage international collaborative projects with vendors and stakeholders
Provide critical event response and risk analysis
Develop and implement innovative risk assessment methodologies

Requirements

Education

PhD, Master's or Bachelor's degree in Mathematics, Statistics, Actuarial Science, Physical Geography, Meteorology, Flood Engineering or Atmospheric Sciences

Experience

Demonstrable experience in catastrophe modeling or related field

Required Skills

Adaptability Analytical Thinking Catastrophe Risk Management Commercial Insurance Critical Thinking Customer Service Financial Management System (FMS) Financial Modeling Insurance Underwriting Intentional collaboration Managing performance Personal Initiative Risk Management Sound Judgment Sourcing Analytics Programming (Python or R) GIS software proficiency
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Sauge AI Market Intelligence

Industry Trends

Climate change is driving unprecedented demand for catastrophe modeling expertise, particularly in the Asia-Pacific region where natural disaster frequency is increasing Integration of machine learning and AI into traditional catastrophe modeling is creating new methodological requirements Regulatory pressure for more sophisticated climate risk assessment is elevating the importance of this role Growing emphasis on real-time disaster response capabilities is expanding the scope of catastrophe modeling

Role Significance

Typically part of a specialized team of 5-10 risk modeling professionals within a larger actuarial department
Mid to senior-level position with significant influence on risk management strategy and business decisions

Key Projects

Development and validation of catastrophe models for various natural disasters Climate change impact assessment and adaptation strategy development Integration of new data sources and methodologies into existing risk frameworks Cross-functional collaboration on disaster response protocols

Success Factors

Deep technical expertise combined with business acumen Ability to translate complex modeling results into actionable insights Strong project management skills with international stakeholder management Innovative approach to incorporating new data sources and methodologies

Market Demand

Very high demand with growing importance due to increasing frequency of natural disasters and regulatory focus on climate risk

Important Skills

Critical Skills

Advanced statistical modeling and analysis skills are essential for developing accurate risk assessments Programming proficiency is crucial for implementing and validating complex models Communication skills are vital for translating technical findings to business stakeholders

Beneficial Skills

GIS expertise enhances spatial analysis capabilities Knowledge of insurance industry dynamics provides valuable context Experience with specific catastrophe modeling software platforms

Unique Aspects

Opportunity to work on cutting-edge climate change research
Global scope of catastrophe modeling across multiple perils
Strong emphasis on research and innovation in risk assessment

Career Growth

2-4 years in role before advancement, depending on performance and market conditions

Potential Next Roles

Head of Catastrophe Modeling Chief Risk Officer Senior Risk Manager Technical Director - Natural Hazards

Company Overview

QBE Insurance Group Limited

QBE is a global insurance leader with strong presence in Asia-Pacific, operating across 27 countries with over 13,000 employees

Top-tier insurer with significant market influence and strong focus on innovation in risk management
Major player in Asia-Pacific insurance market with growing focus on climate risk management
Progressive workplace emphasizing work-life balance, diversity, and professional development
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