CAT Modeling Analyst III
UFGCedar Rapids, Iowa, United States
Posted October 27, 2025
103222 - 136105 USD year
About the Company
United Fire & Casualty Group (UFG) is a long‑standing property and casualty insurer headquartered in Cedar Rapids, Iowa. Since 1946, the company has grown to operate through multiple subsidiaries that write a broad range of commercial and personal insurance products across all 50 states and the District of Columbia. UFG’s extensive network of approximately 1,000 independent agencies allows it to deliver tailored coverage and responsive service to diverse markets. The group’s A‑ rating from A.M. Best underscores its strong balance sheet and commitment to financial stability. With a focus on customer‑centric solutions and a culture that values integrity and innovation, UFG offers employees a dynamic environment to shape the future of insurance.
Job Description
UFG has an exciting opportunity for a Catastrophe Modeling Analyst III to work with our growing team where this individual will be analyzing property data to determine UFG’s view of the catastrophe risk. The candidate will collaborate with internal customers (direct and assumed businesses) to develop adequate pricing, ratemaking, and exposure management strategies that drive towards profitable growth of the company.
Requirements
- Collaborate with data engineers and underwriters in gathering the data needed for catastrophe modeling as well as improving data accuracy and completeness
- Organize, scrub and prepare the data for model ready import files using valuation tools including SQL/Excel
- Analyze the risks for data quality, accuracy, and completeness
- Run analyses using proprietary catastrophe model such as RMS
- Support the underwriting and actuarial teams by interpreting the modeling outputs for growth and rate-making
- Prepare analytical reports to understand the portfolio as well as concentration of risks
- Assess catastrophe risk arising from direct and assumed business
- Perform scenario modeling to analyze the impact of growth or reduction within the existing book
- Support improvements efforts to increase consistency, efficiency, and compliance with internal standards
- Stay well versed with the continuously changing catastrophe modeling industry and the models
- Respond to real-time catastrophic events, prioritizing over all else by computing potential losses as soon as the data is received, and inform the outcome to senior management once computed
- Effectively communicate information and results to a variety of technical and non-technical audiences across the organization
Benefits
- Annual incentive compensation
- Medical, dental, vision & life insurance
- Accident, critical Illness & short-term disability insurance
- Retirement plans with employer contributions
- Generous time-off program
- Programs designed to support the employee well-being and financial security
