CAT Risk Analyst
Company: Allianz
Location: Schiller Park
Posted on: February 3, 2026
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Job Description:
Our team is committed to providing the best-in-class CAT
analytics and accumulation management solutions for our LargeCorp
business and our clients. As the leader of our CAT Risk Analytics &
Services team, you will have the opportunity to shape the future of
CAT analytics, reporting and management within a global team whose
professionals are passionate about what they do. We value
collaboration, innovation and diversity, and strive to create an
environment that fosters growth and development. Our team is
dedicated to staying up to date with the latest trends,
developments and technologies in catastrophe risk assessment, and
therefore we encourage continuous learning and professional
development. Together, we work towards a common goal of reducing
uncertainty by providing superior services to our internal
stakeholders, so that Allianz Commercial continues to grow its
portfolio in a sustainable, profitable and diversified way. The
Impact You Will Have Reporting to Head of CAT Risk Analytics and
Services, the CAT Risk Analyst will be responsible for identifying
and quantifying major accumulation risks to assist in establishing
appropriate risk mitigation and control mechanisms to ensure the
financial solvency of Allianz Commercial. The Analyst role requires
application of solid catastrophe modelling techniques, principles
and understanding to meet team objectives. The Analyst will have
responsibility for small to medium size projects and will be
responsible for specific outcomes relating to definition, execution
and delivery phases of the project. Some of your specific
responsibilities could include: • Running catastrophe loss
modelling software (natural perils and terrorism) and prepare data
extracts and reports for the monitoring of Allianz Commercial
global loss potential, including portfolio analyses, CAT limit
monitoring (Allianz Group and Allianz Commercial internal limits),
supporting global business steering and providing input to ensure
adequate reinsurance protection. • Defining scope, agreeing on
timeframes and executing deliverables with internal and external
clients. • Providing on the spot consultancy and
translating/explaining CAT Modeling results and reports to users in
CxO. • Collaborating with CUO LOBs and other relevant functions
(Actuarial, Risk Management, Reinsurance, CAT Capacity Steering
Desk - CCSD, ARC, Claims, etc.) to support business steering and
portfolio management, Solvency II requirements, Reinsurance
renewals and Data Quality improvements. • Driving innovation and
change through managing the evaluation process relating to
modelling upgrades, GIS applications and other vendor catastrophe
loss modelling software, including technical and portfolio impact
analyses and completing documentations. What You’ll Bring to the
Role • Professional insurance and/or reinsurance experience; •
Understanding of underwriting practice for industrial risks and
corporate business on a global basis; • Practical experience and
familiarity with multiple vendor tools; • Catastrophe Modeling and
Catastrophe Modeling Software experience (RMS, AIR, EQECAT) and GIS
(Geographical Information Systems) applications; • Experience with
SQL and Python; • Project management experience; • Excellent verbal
and written communications skills with an ability to communicate
with a variety of people across the organization; • Ability to
deliver results and drive innovation and change; • Ability to
utilize AI tools to support day-to-day tasks, improve efficiency
and contribute to data-driven decision making; and • Degree
preferably in Geosciences, Engineering or Mathematics, or other
quantitative discipline.
Keywords: Allianz, Evanston , CAT Risk Analyst, Accounting, Auditing , Schiller Park, Illinois
