Job Details

Catastrophe Modeler NY Philadelphia or Minneapolis locations

Company name
Marsh & McLennan Companies

New York City, NY

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Catastrophe Modeler (NY, Philadelphia or Minneapolis locations)','NEW0085Q','!*!Job Summary:

An integral part of the Cat Modeling team, this role will be assigned to gather and apply exposure data to the cat modeling software products and support the technical infrastructure of the department. This individual will receive data from clients and prepare it for import; apply the data to the hazard models; and analyze and validate results. The person will engage in written and oral communications with clients, model vendors, IT staff and Cat Modeling staff.

Responsibilities & Duties:

Provide basic supervision to Catastrophe Analysts in the gathering and preparation of property exposure data for assigned client projects.

Assess the data quality and make necessary assumptions for modeling; analyze changes in exposure and the associated impact of cat model results.

Model the probability distributions of the gross/ceded/net results using AIR, EQE, RMS and other vendor cat models in conjunction with GC Analytics proprietary software.

Perform basic analysis how the distribution of results and relevant risk measures change as a result of application of various proposed reinsurance alternative; report on analysis to brokers and clients.

Demonstrate basic understanding the product lines and the global and regional industry conditions to identify significant considerations that insurers should address in designing their programs.

Supervise entry level staff and provide coaching and training on technical aspects of the job.

Manage expenses, time, services, etc. in order to maximize GC profits.

Respond to client queries and concerns, resolving issues promptly.

Respond to client requests for information, coordinating with other departments, as necessary.

Establish and maintain strong relationships with clients, colleagues and Marsh.

Document all external correspondence and telephone conversations in accordance with GC procedures, including where appropriate, GC Professional Standards guidelines minimizing the potential for errors and omissions.

Update management on issues, progress, etc., regularly and upon request.

Perform other job-related duties as assigned. ','!*!Education:

Bachelor's Degree plus 2 to 5 years relevant experience in cat modeling.

Technical expertise in AIR, RMS, and/or EQE vendor cat models, reinsurance terms and conditions, and data management including statistical plans and policy or exposure data warehousing; with risk management and property underwriting expertise preferred.

Knowledge, skills & abilities:

Thorough knowledge of insurance/reinsurance concepts and terms for developing and placing reinsurance programs.

Strong interpersonal skills for establishing and maintaining good client, reinsurer and internal relationships.

Strong verbal and writing skills for complex communications (presentations, negotiations, etc.) with clients, and GC colleagues at many levels.

Strong ability to prioritize workload according to volume, urgency, etc.

Strong ability to find creative solutions to new problems, as they arise.

Strong ability to be organized and pay attention to detail.

Strong computer skills for using Microsoft Office (Excel, Word, PowerPoint) and Lotus Notes.

Strong ability to maintain compliance with professional standards, where applicable, as well as company-wide quality initiatives.

Strong ability to address client needs by accessing and organizing resources.

Strong ability to manage clients and help them address issues proactively.

Strong ability to understand clients' business industry.

Strong ability to work as part of a team to support clients' needs.

Strong ability to handle significant workflow through efficient time management.

Strong ability to challenge appropriately - supports case with facts and information.

Strong ability to seek ways to streamline and improve current processes.

Strong ability to assist in and play a role in client presentations.

Strong ability to demonstrate commitment to clients and helps them address issues proactively.

Strong ability to demonstrate skills at identifying and solving potential problems in their specialty and develops solutions.

Strong ability to assist to achieve new/expanded business.

Strong knowledge of world reinsurance markets to comprehend wide range of products necessary to address insurers needs.

Strong ability to contribute to talent recruitment and development.

Ability to travel (including internationally), entertain, and attend meetings, up to 30% of the time.

Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist, has over a 90-year history of providing integrated solutions to the (re)insurance industry. With over 2,300 professionals in more than 50 offices around the world, Guy Carpenter delivers a powerful combination of broking expertise, strategic advisory services and industry-leading analytics to help our clients achieve profitable growth. As our clients’ most trusted and valuable reinsurance broker and strategic advisor, we leverage our intellectual capital to anticipate and solve for a range of emerging strategic business challenges and opportunities. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Visit for more information and follow us on LinkedIn and Twitter @GuyCarpenter

Guy Carpenter & Company, LLC and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC).

Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at:

Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers. ','Client Management','US-NY-New York','US-PA-Philadelphia, US-MN-Edina','','','','are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.','Catastrophe Modeler (NY, Philadelphia or Minneapolis locations)

Company info

Marsh & McLennan Companies
Website :

Company Profile
Marsh & McLennan Companies is the premier global professional services firm providing advice and solutions in risk, strategy and human capital. Through our market leading brands, colleagues in more than 100 countries help clients identify, plan for and respond to critical business issues and risks. Risk and Insurance Services Marsh is the world leader in delivering risk and insurance services and solutions to clients. It provides global risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services for businesses, public entities, associations, professional services organizations, and private clients. Marsh is organized by client, industry, and risk categories to facilitate the global delivery of highly specialized products and services covering a wide spectrum of risks.

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