What are the responsibilities and job description for the Senior Analyst/Analyst, ERM position at Berkley?
Company Details
'Our Company provides a state of predictability which allows brokers and agents to act with confidence."
Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.
Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.
Today the Berkley brand comprises more than 60 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.
The Company is an equal employment opportunity employer.
Responsibilities
Enterprise Risk Management (ERM) Team
Our key risk management aim is to maximize Berkley’s return on capital over the long term for an acceptable level of risk. This requires regular interaction with senior management both in corporate and our business units. The ERM team comprises ERM actuaries and catastrophe modelers responsible for identification, quantification and reporting on insurance, investment, credit and operational risks. The ERM team is a corporate function at Berkley’s headquarters in Greenwich, CT.
The Role
The successful candidate will collaborate with other ERM team members on a variety of projects with a focus on casualty accumulation, risk assessment and group reporting. The candidate is expected to demonstrate expertise in data and analytics and strong communication skills.
The level will be determined based on knowledge, experience, etc.
Key responsibilities include:
Casualty Accumulation
- Enhance and maintain the casualty data ETL process for accuracy and efficiency
- Analyze and visualize casualty accumulations by insureds, lines and industries to generate actionable insight for business leaders
Risk Assessment and Group Reporting
- Support the implementation and continuous improvement of risk assessment processes across domestic and international business units
- Contribute to Group-level ERM reports, including Group ORSA
- Support international business units in their ERM reporting
- Support climate change exposure analysis and stress testing for the Group and the international business units
- Participate in AI-driven initiatives aimed at automating key risk projects and group reporting processes
Group Capital Assessment and Management
- Perform capital and solvency projections, including stress tests
- Assist with the Group’s capital allocation process
Other Exposure Management
- Assist with emerging risk monitoring and assessment, with a focus on cyber insurance exposures and catastrophe modeling
- Monitor large limit exposures across property and casualty lines
Qualifications
Please provide a one-page resume when applying.
Skills & Experience Required:
- Analyst -Minimum of 2 years of experience in P&C (re)insurance
- Proficiency in R/Python and Excel
- Strong verbal and written communication skills
- Proven ability to manage multiple priorities and meet deadlines in a dynamic environment
Education Requirement
- Bachelor’s degree or higher in STEM, Actuarial or other relevant fields; GPA 3.7 a plus