Type of Work: - Statistics Department



Job Title: Consultant - Financial Services Department of Towers Perrin Reinsurance

Areas of Interest: Mathematics, Applied Mathematics, Statistics, Operations Research, Actuarial Science

Location: Philadelphia

Business Practice: Reinsurance

Travel Requirements: Under 10%

Towers Perrin is a global professional services firm that helps organizations around the world optimize performance through effective people, risk and financial management. The firm provides innovative solutions to client issues in the areas of human resource strategy, design and management; actuary consulting to the financial services industry; and reinsurance intermediary services.

The Business Practice:

The Reinsurance business of Towers Perrin provides global reinsurance intermediary services and consulting expertise that focus on the creative blending of traditional and nontraditional risk transfer vehicles. We help our clients with reinsurance strategy and program review; claims management and program administration; catastrophe exposure management; contract negotiation and placement; and market security issues.

Job Description:

The Catastrophe Modeling group helps our insurance company clients estimate loss caused by catastrophic events such as hurricanes, earthquakes, tornados and terrorism. Clients use our results to set their risk management strategies, including the purchase of reinsurance. As a Consultant you will be part of team that works with state-of-the-art probabilistic models to produce quantitative reports for our clients that assess potential financial loss to insurance portfolios due to natural disasters.

In this challenging position, you will define the appropriate analyses to achieve client objectives, manipulating client data with a variety of software tools. You will interpret analysis results, deliver client reports, and discuss results with production staff. You will play a key role in understanding the characteristics of each catastrophe model, and their impact on exposures.

Responsibilities include:

▪ Defining analyses to help manage client catastrophe exposures and strategic underwriting;

▪ Running catastrophe analyses using RMS, AIR and EQE software to estimate insurer’s catastrophe losses;

▪ Conducting checks and edits on client-supplied data with database software;

▪ Interpreting and highlight exposures and analyzing results in relationship to client’s reinsurance purchase;

▪ Conducting presentation of findings through both written and oral reports including PowerPoint presentations to brokers/clients and prospects/reinsurers;

▪ Analyzing model characteristics and their impact on results

Requirements:

▪ M.S. in Mathematics, Applied Mathematics, Statistics, Operations Research, Computer Science, or Actuarial Science; Ph.D. a plus;

▪ 3+ years related work experience;

▪ Excellent analytical and problem solving skills;

▪ Proven ability to deploy the following software quickly: Access, Excel, SQL, and Visual Basic;

▪ Expert knowledge of data manipulation;

▪ Ability to relate insurance risk characteristics and policy terms to loss estimates;

▪ Effective interpersonal and communication skills;

▪ Detail-oriented, flexible, resourceful, strong interpersonal and communication skills, ability to respond to changing priorities and manage time efficiently;

▪ Overtime may be required.

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