Enterprise Risk Management Leader - Berkley

Company Details:

 

"Our Company provides a state of predictability which allows brokers and agents to act with confidence."

Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.

Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.

Today the Berkley brand comprises more than 50 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.

 

The Company is an equal employment opportunity employer.

Responsibilities:

Enterprise Risk Management (ERM) Team Our key risk management aim is to maximize Berkley’s return on capital over the long term for an acceptable level of risk. This requires regular interaction with senior management both in corporate and our business units. The ERM team comprises ERM actuaries and catastrophe modelers responsible for identification, quantification and reporting on insurance, investment, credit and operational risks. The ERM team is a corporate function at Berkley’s headquarters in Greenwich, CT.

 

The RoleThe successful candidate will play a pivotal role in a variety of projects with a focus on casualty accumulation, catastrophe modeling, and emerging risks. The candidate is expected to demonstrate expertise in handling both quantitative and qualitative information. The candidate will have opportunities to lead discussions on key risk topics with C-suites of our business units as well as senior executives from other corporation functions. An actuarial credential is preferred but NOT required for the role. Key responsibilities include:

 

Casualty Accumulation
• Lead the development and optimization of the casualty data ETL process
• Analyze and visualize casualty accumulations by insureds, lines and industries to present valuable insight to senior executives
• Develop casualty catastrophe scenarios by studying historical events and emerging risks
• Model complex casualty reinsurance protections

 

Emerging Risk Monitoring – Artificial Intelligence, Climate Change and Other “Known-Unknowns”
• Conduct research on emerging risks, including artificial intelligence and climate change, quantify their impact on property and casualty insurance products and present the results to senior executives
• Assist with monitoring of all other “known-unknown” risks
 
Other Leadership Initiatives
• Lead automation of key risk processes
• Implement and maintain the risk assessment processes across our domestic and international business units
• Contribute to ERM reporting routines, including presentations to ERM Committee and C-suites of our business units as well as deliverables to rating agencies and regulators
• Assist with coaching of junior team members

 

 

Qualifications:

Must-haves:
• Proficiency in R/Python and Excel
• Excellence in verbal and written communication
• Ability to stay organized and multi-task
• Ability to independently perform research on a wide variety of risk topics
• Knowledge of casualty lines of business (e.g., general liability; professional lines)
• A minimum of 5 years of relevant experience (10+ years of experience preferred)

 

Nice-to-haves:
• ACAS
• Bachelor’s degree or higher in STEM

Additional Requirements:*Please provide a one-page resume when applying.