Catastrophe Modeling and Exposure Management Analyst - Berkshire Hathaway GUARD Insurance Companies

Overview

Catastrophe Modeling and Exposure Management Analyst 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. 

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

• 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.