Assistant Vice President Or Vice President - Catastrophe Modeling

Arthur J Gallagher & Co. Chicago , IL 60602

Posted 6 days ago

Introduction

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you're close but not an exact match, we encourage you to apply.

Overview

Working alongside the brokers this role will have a high level of interaction with our clients providing catastrophe management insight and solutions through the entire modeling cycle, from data auditing to multi-model analysis, reporting and portfolio management.  We are looking for highly motivated team-players dedicated to this exciting growing market.  The candidate should possess a passion and understanding for the exposures and hazards. Title dependent on experience level.

How you'll make an impact

Key Responsibilities:

  • Analyze client exposure value data and assess fitness for use for catastrophe modeling

  • Use commercial catastrophe modeling software to measure physical and economic loss from catastrophes for Gallagher Re clients and prospects

  • Interpret and explain model physical, financial, and economic outputs to colleagues/brokers/clients/prospects/reinsurers

  • Present modeled output in various forms to colleagues/brokers/clients/prospects/reinsurers

  • Work closely with all stake holders on all aspects of the reinsurance financial placement process

  • Work with broking teams in a prospecting capacity to develop meaningful content targeting the needs   of our reinsurance clients

  • Participate in creative problem solving of complex issues that face our clients and prospective clients

  • Identify opportunities and potential solutions for increased efficiency within the analyst workflow

  • Train, groom and mentor junior staff in all aspects of the above responsibilities

About You

Required:

  • Bachelor's degree and 5 years related experience required.

  • Minimum of 2 years catastrophe modeling experience

Work Traits/Skills:

  • Able to effectively prioritize assignments.

  • Detail oriented

  • Proven communication skills, coupled with an exceptional eye for detail

  • Ability to work in an unstructured environment

  • Ability to apply advanced mathematical, economical, and statistical concepts

  • Ability to process and understand data quickly and creatively

  • Ability to understand model input data and explain outputs

  • Skills in MS Excel, SQL Server and detailed commercial catastrophe models (RMS/AIR/EQE). Proven use of the model(s) is required.

  • Experience in using GIS Software

  • Ability to understand economic business context and regulatory context of catastrophe modeling

  • Proficient understanding of (re)insurance financial terms

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you'll get, depending on your job level these benefits may improve:

  • Medical/dental/vision plans, which start from day one!

  • Life and accident insurance

  • 401(K) and Roth options

  • Tax-advantaged accounts (HSA, FSA)

  • Educational expense reimbursement

  • Paid parental leave

Other benefits include:

  • Digital mental health services (Talkspace)

  • Flexible work hours (availability varies by office and job function)

  • Training programs

  • Gallagher Thrive program - elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing

  • Charitable matching gift program

  • And more...

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements

Inclusion and diversity (I&D) is a core part of our business, and it's embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees' diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as "protected characteristics") by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.


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Assistant Vice President Or Vice President - Catastrophe Modeling

Arthur J Gallagher & Co.