Job Description

OVERVIEW

DRT Strategies delivers expert management consulting and information technology (IT) solutions to large federal agencies, the U.S. Navy, state and local government and commercial clients in health care, technology, and the financial services industries.

The three letters of our name, DRT, stand for Driving Resolutions Together, which is the core philosophy on which the company was founded.  That is, we collaborate with our clients to solve their most pressing IT challenges - together.

We are problem solvers dedicated to your success, combining Fortune 500 experience with small business responsiveness.  We have established a reputation with our clients as a forward-thinking consulting firm with demonstrated success in implementing solutions that lead to meaningful results.  Our world-class consultants unite people to work collaboratively to achieve project goals and make your vision a reality.

Project Summary:

The Federal Emergency Management Agency (FEMA) is a component of the Department of Homeland Security (DHS) managing a range of programs designed to reduce future losses to homes, businesses, schools, public buildings and critical facilities from floods, earthquakes, tornadoes and other natural disasters.  The National Flood Insurance Program (NFIP) aims to reduce the impact of flooding on private and public structures by providing affordable insurance to property owners and by encouraging communities to adopt and enforce floodplain management regulations.

FEMA’s Federal Insurance and Mitigation Administration (FIMA) is committed to improving the NFIP by enhancing its efficiency and effectiveness of operation through well-defined strategic business priorities, enabled by well thought out business processes. To accomplish this, constant review and improvement of processes that support the NFIP are needed. Similarly, FEMA desires to utilize the most appropriate Information Technology (IT) capabilities which should be flexible and responsive in ways that help the NFIP reduce costs in processing policies across the program.  DRT works with partners and provides enhanced actuarial, financial and accounting services in support of NFIP. 

Job Summary:

DRT seeks a candidate with catastrophe modeling experience in the property/casualty insurance industry and experience developing pricing for insurance products.  The ideal candidate will assist the NFIP Actuaries in reviewing and comparing catastrophe models and provide insight on their results.  The candidate will assist in creating Generalized Linear Models (GLMs) and conducting other actuarial analyses for all catastrophe model for each peril - storm surge, inland flooding, and tsunami flooding.

The candidate will assist FEMA in comparing the expected loss ratios with historical losses in more depth than a typical year to determine if factors need to be adjusted to better account for experience.  The candidate will assist in updating the market baskets, uniform and orthogonal books when required based on the changes and improvements in data.

In addition, the candidate will assist in coordinating an analysis of the potential use of multiple financial strength rating companies and grades by the NFIP, WYO company program.

This position is within an accounting/finance function where the DRT Team is integrated into the partner’s business area.  The candidate will be one of 5 DRT team members contributing to a host of tasks including accounts management and analysis, financial and statistical reporting, actuarial support services, standard operating procedures, transition planning and client management.

Responsibilities:

• Support annual rate reviews and development of appropriate rate and rule revisions, and revisions to actuarial statistical plans
• Provide catastrophic modeling support, including the design and review of models in support of various NFIP activities
• Inform FEMA of industry evolution and best practices for catastrophic modeling, assist with reviewing new and updated catastrophe model releases, and providing assessments to FEMA
• Answer specific client and team actuarial questions
• Support FEMA actuarial activities
• Support FEMA policy analyses
• Perform ad-hoc analyses in support of the planning and evaluation of the NFIP (including mitigation, risk assessment, and risk transfer activities)
• Coordinate an analysis of the potential use of multiple financial strength rating companies and grades by the NFIP, WYO company program by identifying and utilizing cross-industry data sources regarding financial strength ratings, current federal use practices, differences in major financial strength ratings, and the credibility of rating sources. The analysis shall, at a minimum, focus on financial strength ratings of A.M. Best, Demotech, S&P, Moody’s, and Fitch.

Years of Experience:

3-5 years

Qualifications

• Required Experience (Number or more years of professional experience, previous experience, valuable abilities)

• Catastrophe Modeling experience in the property/casualty insurance industry

• Modeling experience in the property/casualty insurance industry

• Experience using R and SQL software, as well as at least two (2) of the following modeling vendors: AIR, RMS, KatRrisk, and CoreLogic

• Experience using financial rating sources such as A.M. Best, Demotech, S&P, Moody’s, and Fitch preferred but not required.

• Proficiency with Microsoft Office (Excel, Access), VBA, and other programming languages is a plus.

• Familiarity with Geospatial data and/or knowledge of GIS software packages is a plus.

• Excellent interpersonal and communications skills (oral and written)

• Strong organizational skills with a high focus on detail and accuracy.

• Ability to research and analyze, problem solve, and offer insights and recommendations.

• Intermediate to Advanced knowledge and experience using Excel spreadsheets (required) and Access database systems

• Ability to work collaboratively with the client and other team members (Team chemistry is of great importance)

• Experience preparing short briefing documents (spreadsheets, talking points, process flows, standard operating procedures, PowerPoint slides, etc.)

• Advanced client management and customer service skills.

• Preferred Experience (Previous experience, valuable abilities)

• Working towards or plan to obtain an Associate (ACAS) or Fellow (FCAS) of the Casualty Actuarial Society (CAS) preferred.

• Knowledge of federal financial/account management principles

• Familiarity with Traverse Accounting system is a plus

• Education and Training (degrees/certifications):

• Minimum of 3 to 5 years’ experience in a CAT modeling role within an insurance setting.

• Bachelor’s degree in a related quantitative field (e.g., mathematics, statistics, engineering, computer science).

• Undergraduate-level knowledge of statistical and mathematical concepts required.

Key Words

• Actuarial Analysis
• Financial Modeling
• Catastrophe Modeling
• Insurance

DRT Strategies, Inc. (DRT) celebrates diversity and is proud to provide Equal Employment Opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetics, disability, or protected veteran status. In addition to federal law requirements, DRT complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities.

Presently, due to the COVID-19 pandemic, DRT employees are teleworking from home and leveraging video conferencing along with other virtual productivity tools. During normal circumstances, the requirement of this position is to be onsite, however, DRT has not yet determined when employees will be required to return to their workspaces. Please be aware that at the time a date is determined, the requirement of this position will be to report to the worksite.

Powered by JazzHR

xQys8w6wTc