Senior Director Catastrophe Risk

2 days ago

Chicago, IL, United States ryansg Full-time

Position Summary

The Senior Director of Catastrophe Modeling leads catastrophe risk analytics for Ryan Alternative Risks, an Alternative Risk Transfer (ART) organization built around parametric structures, facultative and treaty reinsurance, and multi-year contracts. This is a distinct discipline from traditional portfolio cat modeling, and the role offers an experienced modeler the chance to apply deep technical skill to novel, structurally complex risk. The Senior Director sits at the intersection of modeling science, data engineering, and underwriting strategy, owning both the technical execution of cat modeling (RMS, AIR) and the tooling, pipelines, and automation that make that modeling fast, accurate, and scalable - while building and managing the team that delivers it. The Senior Director translates portfolio-level model output into underwriting guidance, sets technical standards for the function, and represents catastrophe risk analytics to underwriting and executive leadership.

What will your job entail?

What You'll Do

Team & Strategic Leadership

Build, manage, and mentor a team blending catastrophe modeling analysts and technical/automation developers.

Mentor, guide, and train portfolio modeling managers across the team, building bench strength and consistent technical standards for the broader cat modeling function.

Set the technical roadmap and priorities for cat modeling, data engineering, and reporting tooling in support of Ryan Alternative Risks.

Serve as the primary bridge between catastrophe modeling analytics and underwriting leadership, translating model output into underwriting guidance and appetite decisions.

Represent catastrophe risk analytics in executive and reinsurance discussions, including cat event response briefings.

Champion Ryan Alternative Risks' Alternative Risk Transfer (ART) mandate - building the team's fluency in parametric, facultative, and treaty reinsurance, and multi-year contract structures as a core differentiator of the function.

Alternative Risk Transfer (ART) Pricing & Structuring

Maintain and grow pricing capability across the full range of ART structures - parametric triggers, facultative and treaty reinsurance, and multi-year contracts - in support of Ryan Alternative Risks' underwriting strategy.

Apply catastrophe model output to structure and price these ART instruments, ensuring alignment between modeled risk, contract terms, and multi-year risk horizons.

Advise underwriting on the catastrophe risk implications of parametric trigger design, facultative attachment points, and multi-year rate adequacy.

Portfolio Rollups & External Delivery

Coordinate Analyze Re-related portfolio rollups, ensuring consistent, accurate aggregation across books of business.

Oversee delivery of portfolio and modeling outputs to external carriers and reinsurance partners, ensuring accuracy, timeliness, and consistency of format.

Partner with reinsurance and ceded-re contacts to align rollup structures and delivery cadence with treaty, facultative, and multi-year program needs.

Research & Advanced Analytics

Lead research initiatives that extend advanced analytics capabilities within the catastrophe modeling domain (e.g., secondary uncertainty, model blending, climate-adjusted view of risk).

Evaluate emerging modeling science, vendor model updates, and academic/industry research for applicability to the portfolio.

Champion a culture of continuous improvement, piloting new methods and tools ahead of enterprise-wide adoption.

Vendor & Tooling Engagement

Own vendor and platform strategy for RMS and AIR, including licensing, upgrades, and platform roadmap decisions.

Lead evaluation and assessment of tools and vendors for specific perils, models, and IT infrastructure, including Analyze Re and emerging modeling platforms.

Build the business case for new tooling or vendor changes, balancing analytical capability, cost, and infrastructure fit.

Modeling & Portfolio Analytics

Oversee catastrophe modeling using RMS and AIR across multiple lines of business, ensuring quality and consistency of account, portfolio, and reinsurance-layer analyses.

Direct the production of portfolio-level metrics - PML, AAL, exposed limits, EP curves (OEP/AEP), and tail-risk/TVaR measures - used in underwriting and reinsurance decisions.

Set standards for exposure data preparation, validation, and cleansing prior to model runs.

Lead catastrophe event response for the underwriting organization, ensuring rapid, accurate exposure summaries and loss estimates.

Data Engineering, Tooling & Automation

Direct the design of ETL pipelines and data pipelines that ingest and normalize exposure data (policy schedules, CRE, shapefiles) to RMS/AIR data standards.

Oversee development of automated AIR