Senior Allocation Analyst

About the Role

As a Senior Allocation Analyst, you will be responsible for performing insightful quantitative analysis on potential policy exposures for long-tail or complex commercial casualty insurance claims. Your work will involve building and modeling loss allocation scenarios for mass torts, including Asbestos, Hazardous Waste, and Concussive Injuries, among others. You will also create customized solutions that combine insurance, data, and jurisdictionally driven legal opinions to accurately model pertinent scenarios.

The role is part of a collaborative team environment, where you will work closely with colleagues, managers, and clients to achieve common goals. Your ability to work independently, manage multiple complex projects, and maintain attention to detail will be essential in this position.

What You Will Do

• Perform quantitative analysis on potential policy exposures for long-tail or complex commercial casualty insurance claims
• Build and model loss allocation scenarios for mass torts, including Asbestos, Hazardous Waste, and Concussive Injuries
• Create customized solutions that combine insurance, data, and jurisdictionally driven legal opinions
• Collect and organize data from various sources, ensuring data accuracy and completeness
• Perform data cleaning and transformation as needed for modeling purposes
• Provide ad-hoc reporting and data reconciliation services
• Assist in short-term project management, including assignment of tasks and real-time status reporting
• Clearly communicate results of various analyses to all stakeholders, including coworkers, managers, partners, counsel, clients, and opposing consultants
• Develop and maintain relationships with clients and senior management
• Stay up-to-date with industry trends and developments in forensic accounting and insurance principles

What We Are Looking For

• Bachelor's degree or equivalent work experience in Mathematics, Finance, Economics, or a related field
• At least three years of experience in allocating long-tail insurance claims as a consultant or in-house
• Excellent Excel, Word, Data Analysis, and other relevant software skills
• Strong written, oral communication, and presentation skills
• Proven capability to work independently and collaboratively in a fast-paced team environment
• Excellent organizational skills with the ability to handle multiple complex projects
• Emphasis on attention to detail and ability to model qualitative issues using quantitative methods
• Knowledge of insurance principles, long-tail insurance claims, and jurisdictional intricacies

Nice to Have

• Knowledge of Python, VBA, HTML, or other coding languages
• Advanced degree in a related field
• Experience with data visualization tools and techniques

Benefits and Perks

• Competitive salary and benefits package
• Opportunity to work with a global leader in forensic accounting
• Collaborative and dynamic work environment
• Professional development and growth opportunities
• Flexible work arrangements and remote work options
• Access to cutting-edge tools and technologies

• Ensure your resume and cover letter highlight your analytical skills, particularly with Excel, and any experience with data analysis or modeling.
• Prepare to discuss your approach to complex problem-solving and how you handle multiple projects simultaneously.
• Familiarize yourself with industry trends and developments in forensic accounting and insurance principles to show your interest and commitment to the field.
• Be ready to provide examples of how you have effectively communicated complex ideas to both technical and non-technical stakeholders.
• Consider creating a portfolio or samples of your work that demonstrate your analytical and modeling skills, even if it's from academic projects or personal initiatives.
• Practice explaining your experience with data cleaning, transformation, and reconciliation, as these are critical skills for the role.