Senior Engineer – Wind/SCS Vulnerability

at Aon Corporation
Location Chicago
Date Posted November 25, 2021


Background Aon Impact forecasting's (IF) vulnerability team is looking for a vulnerability modeler to build new damage functions for atmospheric perils like wind/ severe convective storm (SCS) and enhance existing ones as part of catastrophe modelling analysis in insurance and reinsurance industry. We are open hiring virtually. Main responsibilities Develop damage functions for atmospheric perils like wind/SCS (using simulation and/or claims) for different regions. Development and calibration of custom damage functions for different clients. Evaluate building codes, building industry data, and construction practices by regions. Collect and analyse insurance claims and loss data. Use IF proprietary loss modelling platform ELEMENTS in estimating loss. Utilize probabilistic models to estimate location and portfolio level loss distribution and average annual loss. Actively collaborate with IF R&D and software development teams in all aspects of the model development and implementing the methodologies developed by the R&D group at IF. Provide critical analysis of modelling results for internal of models and explaining results to clients when required. Collaborate with Aon catastrophe management and analytics team members especially incl. the model evaluation team. Educational background and skills MSc or PhD in Civil, Structural, Mechanical, or Wind Engineering required. 2 plus years of experience in CAT Modeling perferred Strong analytical and quantitative skills. Solid knowledge of probability concepts and statistics Proficiency in data analysis and excellent programming skills in MATLAB, Python, or R. In-depth knowledge of structural responses to flood, wind and other perils, especially common failure points and mechanisms General understanding of building practices and codes in the US and Europe Excellent oral and written communication and presentation skills Experience working with insurance claims data and building custom vulnerability models Experience with manipulation of large complex datasets using SQL and ability to manipulate large data sets. Knowledge of insurance/reinsurance concepts is a plus We offer youA competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.Our Colleague Experience:From helping clients gain access to capital after natural disasters, to creating access to health care and retirement for millions, Aon colleagues empower results for our clients, communities, and each other every day. They make a difference, work with the best, own their potential, and value one another. This is the Aon Colleague Experience, defining what it means to work at Aon and realizing our vision of empowering human and economic possibility. To learn more visit Aon Colleague Experience .About Aon: Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.Aon provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, or domestic partner status. Aon is committed to a diverse workforce and is an affirmative action employer.Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

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