Catastrophe Modeling Intern

MSIG North America continues to grow! Company Overview: Mitsui Sumitomo Marine Management U.S.A., Inc. is one of the world’s top ten property/casualty insurance carriers with over 40,000 employees worldwide. Position Overview: As an expanding and important field in the insurance industry, this is an exciting entry-level opportunity within our catastrophe modeling team to be on the forefront of protecting insureds from the devastating impacts of climate change. MSMM is seeking a hardworking, driven individual eager to learn with an interest in quantitative analysis. The Catastrophe Modeling Analyst will work alongside experienced modelers to learn catastrophe modeling concepts and perform account-level modeling for the company’s property units utilizing our vendor software (AIR) and internal tools to provide underwriters result outputs needed to make informed risk decisions. This consists of the collection, analysis and quality control of MSMM’s property book of business. The individual will work with the catastrophe modeling team for data analysis related to property aggregations, PML calculations, portfolio level profitability and trend indications. This is a hybrid position based in Warren, NJ but are open to considering other locations within the country where a MSMM office is accessible. Essential Functions Perform account-level property catastrophe modeling under the direction of experienced modelers Identify and track aggregate exposures in order to assist in the prevention of undue loss potential to the company from extreme events, such as hurricanes, earthquakes, and wildfires Track and monitor underwriting data by working with CAT modeling team to develop and provide analysis on the data necessary to manage MSMM’s property portfolio Maintain and control quality of property catastrophe data by monthly/quarterly/annual file and portfolio reviews and completion of QC checklists Collaborate with catastrophe modeling team, underwriting, reinsurance and management teams to develop and implement “best practices” for ensuring data quality across the property portfolio Provide support to field underwriters in the use of and problem resolution in areas of catastrophe modeling Assist in the creation, delivery and/or coordination of internal or external training programs related to MSMM’s Catastrophe Management activities Assist with various ad hoc reports as assigned Education & Experience: Currently Attending College Strong knowledge of Excel It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group! It is the policy of MSIG-NA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG-NA will provide reasonable accommodations for qualified individuals with disabilities. Each employee plays an important role which contributes directly to the success and continued growth of MSIG. MSIG Holdings (U.S.A.), Inc. (MSIG) is a wholly owned subsidiary of the MS & AD Insurance Group Holdings, Inc. – one of the top ten property-casualty insurance groups world-wide. Our Group has capital in excess of $25 Billion, operations in more than 40 countries and nearly 40,000 personnel located globally. MSIG in the U.S. is comprised of three insurance companies with licenses in all fifty states as well as Puerto Rico and the District of Columbia. These companies and five other subsidiaries, deliver state of the art risk financing programs, insurance products, risk engineering and claims management services that enable our clients to effectively and efficiently manage their risks. Our insurance companies share the A.M Best’s A XV Rating and Standard & Poor’s A Rating of our Japan-based parent. Our clientele runs the gamut from small and mid-sized, sole-proprietorships, partnerships and corporations, up to some of the largest and most sophisticated multinational corporations operating in the U.S. and globally. The vast majority of clients seek our support related to Commercial Lines insurance products including Commercial Property and Liability Insurance products. However, through our subsidiary – Seven Hills Insurance Agency, LLC. – we are able to provide Personal Lines Insurance products including homeowners, renters, automobile, etc. Specialties: All Risk Property, Commercial Liability, Automobile, Workers Compensation, Management Liability, Marine, Excess & Umbrella, Claims Management, Risk Engineering services, etc. Don't see the dream job you are looking for? Click "Get Started" below to drop off your contact information and resume and we will reach out to you if we find the perfect fit.