Foundation Risk Partners

Head of CAT Modeling - MSI

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, ReinsuranceIndustries

Position Overview

  • Location Type: Onsite
  • Employment Type: Full-time
  • Job Title: Head of Catastrophe Modeling
  • Company: MSI

Description: MSI is seeking a highly skilled Head of Catastrophe Modeling to join their team. This role focuses on developing the company’s Cat tools, setting strategies, and integrating into decision-making across the businesses. The ideal candidate will have a strong background in catastrophe modeling, risk analysis, and management, possessing excellent analytical skills, a deep understanding of the insurance industry, and an entrepreneurial attitude to help build the cat management organization.

Requirements

  • Education: Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Risk Management, or a related field.
  • Advanced Degree/Designation: Advanced degree or actuarial designation preferred.
  • Experience: Minimum 10 years of experience in catastrophe modeling or a related area.
  • Skills:
    • Proficiency in industry standard cat modeling software (e.g., AIR, RMS, etc.)
    • Proven leadership skills with the ability to manage and inspire a team.
    • Excellent communication and presentation skills, with the ability to explain complex concepts.

Responsibilities

  • Cat Model Strategy: Oversee the development, implementation, and maintenance of the company’s catastrophe modeling strategies and tools.
  • Team Leadership: Lead the Catastrophe Modeling team and provide guidance, mentorship, and training to ensure their professional growth and the achievement of department objectives.
  • Collaboration Across Teams: Collaborate with actuarial, predictive modeling, and other key stakeholders to integrate catastrophe modeling into our business processes and drive positive results.
  • External Collaboration: Foster relationships with insurance carriers, reinsurance brokers, and other vendor partners to understand their catastrophe modeling needs and align our services accordingly.
  • Reporting & Presentations: Provide strategic insights and recommendations to senior management based on catastrophe modeling results.

Company Information

  • Company: MSI
  • Description: MSI combines deep underwriting expertise with insurer risk capacity to create specialized insurance solutions. They offer a growing suite of products including embedded renters coverage, homeowners insurance, and commercial coverages like cyber liability and habitational property. They emphasize exceptional service and a dedicated team focused on rapid resolutions, utilizing an advanced technology platform to simplify the insurance experience. They thrive on solving challenges and building insurance better.

Skills

Catastrophe Modeling
Risk Analysis
Mathematics
Statistics
Actuarial Science
Risk Management
AIR
RMS
Analytical Skills
Leadership
Team Management
Stakeholder Collaboration

Foundation Risk Partners

Insurance brokerage and consulting services

About Foundation Risk Partners

Foundation Risk Partners operates as an insurance brokerage and consulting firm, focusing on providing tailored insurance solutions and expert advice to clients across the United States. The company grows by acquiring other firms and expanding its services organically, ensuring a diverse mix of industry knowledge and specialized services. Their approach combines expertise in various sectors with a commitment to cultural alignment and shared values. Unlike many competitors, Foundation Risk Partners emphasizes a collaborative relationship with clients, aiming to achieve exceptional outcomes and drive success for their partners.

Daytona Beach, FloridaHeadquarters
2017Year Founded
$2MTotal Funding
DEBTCompany Stage
Consulting, Financial ServicesIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Holidays
Paid Vacation

Risks

Over-reliance on AI could cause disruptions if technical issues arise.
Expansion into new regions may pose compliance and operational challenges.
Leadership changes might lead to strategic shifts affecting company stability.

Differentiation

Foundation Risk Partners leverages AI to enhance risk analysis accuracy and speed.
The company focuses on a strategic mix of industry expertise and cultural fit.
Foundation Risk Partners is rapidly expanding through acquisitions and organic growth.

Upsides

AI solutions have decreased cycle times by up to 90% for certain activities.
Prospect conversion rates have increased by up to 50% due to AI adoption.
Expansion into Baldwin, New York, offers new market opportunities.

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