CAT Modeling and Exposure Manager - Berkshire Hathaway GUARD Insurance Companies

Overview

Berkshire Hathaway GUARD Insurance Companies provide Property & Casualty insurance products and services through a nationwide network of independent agents/brokers.  Our companies are all rated A+ “Superior” by AM Best (the leading independent insurance rating organization) and ultimately owned by Warren Buffett’s Berkshire Hathaway group – one of the financially strongest organizations in the world!  Headquartered in Wilkes-Barre, PA, we employ over 1,000 individuals (and growing) and have offices across the country.  Our vision is to be the leading small business insurance provider nationwide.

Founded upon an exceptional culture and led by a collaborative and inclusive management team, our company’s success is grounded in our core values:  accountability, service, integrity, empowerment, and diversity.  We are always in search of talented individuals to join our team and embark on an exciting career path!

BENEFITS

We are an equal opportunity employer that strives to maintain a work environment that is welcoming and enriching for all.   You’ll be surprised by all we have to offer! 

• Competitive compensation
• Healthcare benefits package that begins on first day of employment
• 401K retirement plan with company match and profit sharing
• Generous paid vacation and sick time
• Hybrid work schedule (three days in the office, two days from home)
• Work/life balance schedule – no nights or weekends/closed for all major holidays
• Longevity awards (every 5 years of employment receive a generous monetary award to be used toward a vacation)
• Tuition reimbursement after six months of employment
• Numerous opportunities for continued training and career advancement
• And much more!

Responsibilities

As the CAT Modeling Manager, you will be instrumental in developing and managing a team that analyzes and interprets 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.  

Key Responsibilities: 

• Risk Analysis & Modeling: Develop and refine catastrophe models for various natural disasters such as hurricanes, earthquakes, floods, etc., to estimate potential losses. Utilize advanced statistical and analytical techniques to assess risks associated with catastrophic events. 

• Data Management: Collect, process, and validate large data sets related to catastrophe modeling. Ensure data integrity and accuracy for reliable model outputs. 

• Collaboration with Underwriting & Actuarial Teams: Work closely with underwriting and actuarial departments to integrate catastrophe modeling outputs into pricing, underwriting, and risk selection processes. 

• Model Improvement & Innovation: Continuously improve catastrophe models by incorporating latest scientific research, industry best practices, and emerging trends. Explore innovative modeling techniques and tools. 

• Regulatory Compliance & Reporting: Ensure all catastrophe modeling activities comply with regulatory requirements. Prepare and present reports to senior management and regulatory bodies as needed. 

• Stakeholder Communication: Effectively communicate complex model results and risk implications to non-technical stakeholders, including senior management and external clients. 

• Scenario Planning & Stress Testing: Conduct scenario analyses and stress tests to evaluate the potential impact of catastrophic events under various conditions. 

• Experience building a high performing team: Develop and manage a team that delivers on business opportunities and challenges the status quo as well as managing CAT outsourcing and vendor relationships. 

Qualifications

• Bachelor's degree in a STEM field, finance, economics, or business administration. 

• 10+ 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. 

• Experience developing and growing a high performing team. 

• Familiarity with the regulatory landscape related to catastrophe modeling and insurance. 

• 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.