Catastrophe Modeling and Exposure Management Analyst

Berkshire Hathaway GUARD Insurance Companies
Barre, PA Full Time
POSTED ON 3/11/2024
Overview:
Catastrophe Modeling and Exposure Management Analyst

Position Overview
As a Catastrophe Modeler and Exposure Management Analyst, you will be instrumental in analyzing and interpreting complex data related to natural disasters and catastrophic events, thereby contributing significantly to our risk assessment and decision-making processes. This role is essential for maintaining the company's competitive edge and financial stability, by providing expert evaluations of potential risks and their financial implications. The position can be located in either Wilkes-Barre, PA, Philadelphia, PA, Parsippany, NJ or New York, New York.


About Us:

Our success is founded on our strong reputation, and we have received an A “Superior” grade by the leading independent insurance rating organization. Backed by our ultimate parent company, Berkshire Hathaway Inc., our brand is founded upon trust, service, and innovation. If you’re looking for an employer with integrity and flexibility, keep reading to learn about our benefits and job openings.


Benefits:

  • Work life balance schedule
  • Hybrid work schedule: Three days in the office, two days from home
  • Generous vacation and sick time
  • Closed on all major holidays
  • Healthcare benefits begin on your first day of employment
  • 401K with company match and profit sharing
  • Every 5 years employees receive a generous monetary award to be used toward a vacation!
  • Tuition reimbursement after six months of employment
  • Discover opportunities to advance your career
  • Be part of Berkshire Hathaway Inc., one of the world’s most admired companies
Responsibilities:
  • Work with catastrophe models for various perils such as hurricanes, severe convective storms, wildfires, etc., to assess the company’s potential financial exposure.
  • Utilize advanced statistical and analytical techniques to assess risks associated with catastrophic events.
  • Collect, process, and validate large data sets related to catastrophe modeling. Ensure data integrity and accuracy for reliable model outputs.
  • Work closely with the Underwriting and Actuarial departments to integrate catastrophe modeling outputs into pricing, underwriting, and risk selection processes.
  • Track and manage property portfolio concentrations; refine methods and strategies to proactively manage exposures and address concentration issues.
  • Create projections of the geographic impact of pending major natural catastrophes to assist in staffing planning.
  • Perform thorough analyses of the catastrophe and concentration components of potential programs and book opportunities.
  • Conduct scenario analyses and stress tests to evaluate the potential impact of catastrophic events under various conditions.
  • Salary Range

    $75,000.00-$145,000.00 USD

    The annual base salary range posted represents a broad range of salaries around the U.S. and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
Qualifications:
  • Bachelor's degree in a STEM field, Finance, Economics, or Business Administration.
  • 2-4 years of experience in Property & Casualty roles closely related to catastrophe modeling, within the Insurance or Reinsurance industry.
  • Proficiency in catastrophe modeling software (e.g., RMS, AIR) and strong skills in data analysis tools (e.g., SQL, R, Python).
  • Exceptional quantitative and analytical skills, with the ability to interpret complex data and translate findings into actionable insights.
  • Excellent verbal and written communication skills, with the ability to convey complex concepts to a diverse audience.
  • Strong problem-solving skills and the ability to work under pressure in a fast-paced environment.
  • Demonstrated ability to work effectively in a team and collaborate with various departments.

Salary.com Estimation for Catastrophe Modeling and Exposure Management Analyst in Barre, PA
$96,031 to $122,128
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