Lead Specialist - Mumbai Metropolitan Region - Marsh McLennan

Description

We are seeking a talented individual to join our GC Global Analytics & Advisory (GAA), Political Violence and Terrorism team at Guy Carpenter. This role will be based in Mumbai. This is a hybrid role that has a requirement of working at least three days a week in the office.

Lead Specialist / Deputy Manager - Catastrophe Risk Management

We will count on you to:

• The role requires the analyst to help clients better understand their overall exposure to catastrophe risk relating to political violence and allow them to plan accordingly.
• By analysing client exposure data, applying it against in-house and/ or vendor models and supporting trainee analysts, they produce loss estimates that enable brokers to construct effective reinsurance programs for clients.
• The nature of the peril, which is dynamic, and in-house models, which are evolving requires the analyst to be an innovative developer.
• Understanding the exposure data, assessing data quality and making necessary improvements (incl. geocoding) and assumptions for modelling in in-house and/ or vendor models for terrorism
• Document, justify and communicate assumptions made before performing analyses, also produce reports that highlight changes in exposure across various timeframes and the associated impact of catastrophe model results.
• Good experience in applying the policy conditions in the data
• Run the exposure in in-house and/ or vendor models and reporting the results at various geographical resolutions as well as for the relevant lines of business within the client's portfolio.
• Ability to interpret the change in loss results due to modelling parameters and client exposure change
• Analysing how the distribution of results and relevant risk measures change due to the application of various proposed reinsurance alternatives and/or changes in model/data assumptions.
• Work as a team, support the development of junior analysts and provide quality assurance reviews of others.
• Work on ad hoc research and development projects as and when required to innovate new models and evolve existing models
• Maintain a regular positive feedback from stakeholder
• Proactive interaction with stakeholders on modelling requirements and ad hoc requests and build a network of relationships within the global company
• Provide insights and process improvement ideas to enhance the efficiency of the process, considering the skillsets of colleagues who may be able facilitate this.
• Use state of art techniques in data analytics and create new output dashboards

What you need to have:

• Degree in Mathematics/Statistics/Computer-Science/Engineering (any stream) or related fields
• 4+ years of experience in Catastrophe Modeling in providing CAT analytics at account or portfolio level
• Basics of Insurance/Reinsurance/Catastrophe Modeling
• Knowledge on basics of Insurance/Reinsurance and Catastrophe Modeling
• Proficiency in at least one of the CAT Modeling softwares RMS/ AIR/ RQE
• Excellent analytical and problem solving skills
• Attention to details. Ability to understand and manipulate data quickly and creatively.
• Ability to respond to changing priorities and manage time efficiently.
• Ability to question analytical output, challenge and identify potential sources of errors and find ways to overcome them
• Proficient in with Excel, Access and SQL

What makes you stand out

• Advanced degree in any of the above fields. Any relevant context to political violence.
• Use of insurance models for modelling terrorism
• Industry Certifications
• Alteryx, Power BI, VBA and/or advanced programming skills

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.com, or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.