Risk Analyst

Our Impact in the Reinsurance Market
A dynamic and renowned innovator in the reinsurance broking space, Guy Carpenter helps insurance companies find new ways to manage their risk. As a reinsurance intermediary, Guy Carpenter’s colleagues are offered a unique opportunity to pursue a career that marries investment banking and consulting. Similar to an investment bank, we broker a specific type of financial transaction called reinsurance. Comparable to a consulting firm, we leverage our reinsurance expertise to help our clients anticipate and navigate change, providing them with a business edge that goes beyond the insurance transaction. Our full company platform includes broking expertise, strategic advisory services, and best-in-class analytics, giving insurers the confidence they need to grow and protect their business. 

We thrive on working together, harnessing our collective intelligence across teams, borders, and backgrounds. We are looking for an individual who is proactive, innovative, a self-starter and enjoys building relationships with clients, reinsurers and colleagues.

What is Reinsurance?

Reinsurance is a risk transfer agreement that is often referred to as “insurance for insurance companies”. Insurance companies purchase reinsurance from other carriers to protect against the risk of a major claims event. Guy Carpenter supports insurance companies as they navigate the market to find the best reinsurance solutions for their needs. Given the important role we play in global risk mitigation, we enable insurance companies the opportunity to protect individuals against unforeseen loss.

Fulfilling Your Potential

The Risk Analyst role is entry level to the reinsurance Broker career track. Our Brokers are client advocates in the reinsurance transaction negotiations but also leaders in advising the right risk mitigation techniques; their financial broking expertise helps drive favorable terms for our clients, and their important advisory role impacts how the c-suite of insurance companies make decisions.

As a Risk Analyst at Guy Carpenter, you will:

• gain exposure to the firm’s business and knowledge of the reinsurance industry as they develop key communications, analytical, marketing and sales skills
• analyze client data and create reinsurance submissions while also developing the functional skills required to coordinate all broking placement activities of the account.
• assist in organizing and preparing presentations which explain industry trends, discuss client options and recommend strategic solutions to meet client goals.
• assist the broking team with client and market research and financial analysis for current and prospective clients.
• develop competencies through a comprehensive and engaging curriculum centered around networking and collaboration.  From communicating with clients and reinsurers to helping Guy Carpenter renew client reinsurance programs, our Risk Analysts are a vital part of Guy Carpenter’s broking teams.
• learn all aspects of the industry and be trained for an Account Executive role as your career unfolds.
   

Essential Job Responsibilities

Broker Support

• Data collection and analysis in building reinsurance submission for client assignments
• Assist in renewing reinsurance programs. Provide brokers with research analysis as needed.
• Update Brokers on issues, progress etc, regularly and upon request
• Assist in responding to client queries and concerns, resolving issues promptly
• Assist in monitoring accountings, (premium payments, loss collections, etc) anticipating and preventing problems when possible
• Assist with broker review on contract documentation, ensuring contract drafter has accurately captured terms and conditions of placement
• Assist in timely production of contract documentation and follow-up, ensuring timely flow of materials
• Assist with scheduling of reinsurer audits and visits with client

Learn the Business

• Maintain comprehensive knowledge of reinsurer capabilities (product lines, capacity, approvals, etc) with the help of Market Information Department and Market Reference Guide
• Analyze client risk and develop and present recommendations
• Develop broking and functional skills
• Best Practice Procedures and Compliance Policies
• Understand all best practice procedures and compliance policies. When new procedures are provided, understand and adopt new procedures as rolled out, take required training and speak up with any question or concerns uncovered in your role at Guy Carpenter.
• Follow all best practice procedures and compliance requirements, including but not limited to building a complete placement file as the placement progresses to minimize errors & omissions.
   

Client Services

• Assist broking team in designing new programs for clients’ unmet needs
• Respond to client requests for information (reinsurer, financial reports, industry issues, etc), as directed by senior broker, coordinating with Market Information and other departments as necessary, and clearing with senior broker.
   

Qualifications

• Fully matriculated student pursuing a Bachelor's degree is required with an expected graduation date of December 2024 or May 2025
• Relevant work experience is a plus
• Strong interpersonal skills for establishing and maintain good client, reinsurer, and internal relationships
• Strong analytical and quantitative skills Strong written and verbal communication skills
• Ability to work under pressure and to meet deadlines
• Ability to work flexibly as part of multiple teams and autonomously
• Ability to juggle changing priorities and varied workload
• Good computer skills using Microsoft Office (Excel, Word, PowerPoint)
• Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future

The applicable salary for this role is $65,000 to 75,000.
 

What's next

Application Instructions:  

• We are hiring in multiple locations. As you are filling out your application, you'll have the opportunity to select your desired location. Should you have interest in multiple locations, your recruiter will work with you to make those connections should that be necessary.
• When creating your application, please use your permanent home address and use your personal email address rather than your school email address.
• The application deadline is Sunday, October 13th
   

 First Round Interviews:  

• Applications are reviewed on a rolling basis.
• If selected, first-round interviews consist of an on-demand digital video interview through the HireVue platform.
• Further timing and instructions will be provided at that time.

Consider watching Max Aronchick's reflection on his early days at Guy Carpenter - Building an InsurTech Career | Ep. 5 | Careers That Matter - YouTube
 

About Guy Carpenter

Guy Carpenter is a leading global risk and reinsurance specialist, with over 90-years of history providing integrated solutions to the (re)insurance industry. With over 2,300 professionals in more than 50 offices around the world, Guy Carpenter delivers a powerful combination of broking expertise, strategic advisory services and industry-leading analytics to help our clients achieve profitable growth. Guy Carpenter is the world’s premier strategic advisor to leading insurance and reinsurance organizations, delivering integrated solutions through its industry-leading analytics and advisory services, highly specialized product knowledge and trading relationships with reinsurance markets around the world. Headquartered in New York City, Guy Carpenter has more than 2,300 employees in more than 50 locations worldwide.