Overview:Position Summary:


The Director of Climate Science and Catastrophe Modeling is a senior leadership role responsible for overseeing the development, implementation, and management of catastrophe models used to assess risk and predict the impact of natural and man-made disasters. The Director will collaborate with Actuaries, Research and Development, State Product Management, Underwriting and other relevant stakeholders to proactively price, underwrite, and manage the catastrophe risks. The Director is expected to provide strategy and thought leadership on climate change risks and impact and drive forward-looking action regarding catastrophe risk management.

Responsibilities:Essential Job Functions:

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  Lead and drive the research agenda in exposure management and data with a forward-looking multi-year view. Serve as the Subject Matter Expert on climate change risk and catastrophe modeling for the Company.

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  Collaborate with leadership on CAT product pricing and design, underwriting and reinsurance to proactively manage catastrophe risks to contribute to Company profitable growth.

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  Lead the development and enhancement of catastrophe models, incorporating the latest scientific research, historical data, and industry best practices. Responsible for the development and implementation of tools, processes, and metrics, to manage catastrophe risk. Develop and implement quality control procedures to ensure the integrity and accuracy of all catastrophe models.

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  Lead and mentor a team of catastrophe modelers, data scientists, and analysts, fostering a collaborative and innovative work environment. Responsible for recruitment, retention, performance management, employee motivation, staff development and talent management.

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  Remain up to date with the developments in the field of climate change risk and impacts on financial markets and regulations, as well as responses to climate change from public, businesses, and influencers among others. Establish and maintain relationships with external stakeholders, including third-party modeling teams, research institutions, industry associations, and regulatory bodies.

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  Other marginal functions.

Skills & Abilities:
Minimum:

• Highly motivated and driven individual with excellent critical thinking and problem-solving skills
• Comprehensive knowledge of climate change risk analysis and modeling techniques
• Extensive experience in applying advanced quantitative methods to measure and analyze insurance catastrophe risk
• Expertise in catastrophe risk management including rating, underwriting, and reinsurance
• Demonstrated ability to lead through influence and comfort with ambiguity and skill in guiding teams thorough uncertain and risk landscapes
• Up-to-date knowledge of emerging climate change trends and their potential impacts on the insurance industry.

Qualifications:Education:
Minimum: Bachelor’s Degree required with an emphasis in an analytical concentration such as math, statistics, economics, finance, quantitative research, etc.


Preferred:
Master’s or Ph.D. degree preferred
FCAS preferred


Experience:
Minimum:

• 8 years of experience working in data and analytics, including pricing, loss reserving, reinsurance, catastrophe risk management.
• 7 years of people leadership experience in building high-performing teams.

Preferred: 15+ years of experience in P&C insurance with focus on climate change risk and catastrophe modeling

About the Company: Why choose a career at Mercury?
At Mercury, we have been guided by our purpose to help people reduce risk and overcome unexpected events for more than 60 years. We are one team with a common goal to help other others. Everyone needs insurance and we can’t imagine a world without it.
Our team will encourage you to grow, make time to have fun, and work together to make great things happen. We embrace the strengths and values of each team member. We believe in having diverse perspectives where everyone is included, to serve customers from all walks of life.
We care about our people, and we mean it. We reward our talented professionals with a competitive salary, bonus potential, and a variety of benefits to help our team members reach their health, retirement, and professional goals.
Learn more about us here: https://www.mercuryinsurance.com/about/careers
Perks and Benefits:We offer many great benefits, including:

• Competitive compensation
• Flexibility to work from anywhere in the United States for most positions
• Paid time off (vacation time, sick time, paid Company holidays, volunteer hours)
• Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus)
• Medical, dental, vision, life, and pet insurance
• 401 (k) retirement savings plan with company match
• Engaging work environment
• Promotional opportunities
• Education assistance
• Professional and personal development opportunities
• Company recognition program
• Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more

Pay Range: USD $120,789.23 - USD $314,728.18 /Yr.