Principal CAT modeling Engineer

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

About the Role

Extreme Event Solutions at Verisk (previously AIR Worldwide) is the scientific leader and most respected provider of risk modeling software and consulting services.  Extreme Event Solutions at Verisk founded the catastrophe modeling industry in 1987 and today models the risk from natural catastrophes, terrorism, and pandemic outbreaks in 90 countries.  Verisk offers the opportunity to work with advanced technologies, global clients, and hundreds of the most innovative, talented minds in the industry. Become a member of our Atmospheric Perils Vulnerability team and join our growing Research and Modeling department in our Hyderabad, India office. Use your knowledge of civil engineering and statistics to develop models of extreme catastrophic events (i.e., hurricanes, tornadoes, storm surge, flood etc.) and assess building performance in the context of such events.

This Principal Engineer position is responsible for developing, enhancing and supporting the engineering/vulnerability components of Verisk’s atmospheric perils based portfolio risk analysis models that cover worldwide regions, including perils such as straight-line wind from tropical cyclones, severe convective storms and winter storms, hail, snow, and freezing temperatures.  General responsibilities include identifying the impact that these perils can have on the built environment, including physical damage which can result in monetary loss to buildings/infrastructure, contents, and loss of use (downtime). The candidate will work closely with a team of structural engineers, meteorologists, hydrologists, hydraulic engineers, statisticians, and specialists in financial application of probabilistic risk assessment. The candidate is expected to be highly motivated, detail oriented, well organized, and an independent worker and collective team player at the same time with the unique ability to lead research model and development across groups.

The evolving nature of research work at Verisk creates unique and challenging problems that spark innovation and growth and creates opportunities for its employees. A successful candidate should have a desire to use problem-solving skills in applying sound engineering principles to solve unique and challenging problems in the fields of civil/structural engineering and risk assessment.  It is expected that candidates will be highly motivated, detail-oriented, well-organized, able to perform high-quality self-directed research, have outstanding written and verbal communication skills, and be team-oriented.

Responsibilities of the Role:

• Data acquisition, synthesis, and analysis for the purpose of understanding building inventory, and its vulnerability in lieu of industry insured losses and insurance claims data subjected to atmospheric-based hazards in multiple regions worldwide
• Willingness to learn and work with a variety of proprietary Verisk datasets and find ways to integrate the same into Verisk’s extreme event models
• Analytical analyses and research aimed towards the development of vulnerability functions and monetary loss curves for structural and non-structural building and infrastructure components subjected to hazards such as wind, tornadoes, hail, and snow for several regions of interest worldwide
• Implementation of research into Verisk’s portfolio risk analysis models, including programming loss simulation codes and analysis tools, and probabilistic risk assessment validation
• Provide technical support regarding model development and participate in future strategy discussions regarding innovation in the group
• Ability to work with and support members of the team from across time zones
• Use of GIS and similar tools for data visualization and analysis
• Real-time and virtual building damage assessments due to natural catastrophes during and after significant events
• Preparation and presentation of work at staff internal and client external meetings as well as technical writing for internal and external publications and client-facing documentation

Qualifications

• Ph.D. in Civil Engineering with a special emphasis in Structural Engineering
• Good knowledge of the insurance industry and application of catastrophe models in the same is a plus
• A minimum of 5 years of catastrophe modeling experience demonstrating proficiency in probabilistic and stochastic risk assessment and modeling
• Proficiency in C/C++, Python along with other productivity software including R, MATLAB, Microsoft Office
• Excellent written and verbal communication skills
• Strong organizational and excellent documentation skills
• Knowledge of GIS applications (e.g. ArcView) and SQL server is a plus

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Additional Information

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you’ll have the chance to use your voice and build a rewarding career that’s as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We’re 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran’s status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.