Catastrophe Risk Analyst - REACH 2027
About The Position
The REACH Program is a 24-month structured learning and development program designed to equip upcoming and recent college graduates, as well as career changers, with the skills and knowledge needed to excel in the world of reinsurance broking and risk management. Participants will gain direct access to the Executive Team, mentors, trainers, and colleagues. The program focuses on providing insights, innovative risk transfer strategies, and operational expertise to help clients navigate complex risks and maintain strong financial positions. The role involves collaborating with clients, analyzing data, preparing reports, presenting findings, and responding to catastrophic events. Participants will also expand their industry knowledge through seminars and work towards obtaining the ARe designation and other necessary licenses. As experience grows, analysts will support clients in finding coverage solutions and navigating unexpected losses.
Requirements
- Bachelor’s degree in a related field, i.e. Business Analytics, Business Statistics, Data Science, Earth Science, Geography, Topography, Risk Management, etc.
- Advanced Excel skills, i.e. creating formulas, pivot tables, macros, conditional formatting, and statistical modeling
- Exceptional written and verbal communication skills to effectively engage with clients and colleagues
- Strong problem-solving skills and keen attention to detail
- Flexibility to travel to our home office in Rolling Meadows, IL, five (5) different times for training. Rest assured, all travel expenses will be covered by Gallagher Re
Nice To Haves
- Computer programming skills, e.g. SQL, VBA, R
- Previous internship or work experience in a related field
- Knowledge of or curiosity about the reinsurance broking and risk management industry
Responsibilities
- Collaborate with clients to appropriately audit, enhance, and model insurance company data sets
- Master the art of explaining model outputs and preparing compelling written reports, effectively communicating complex concepts
- Showcase your expertise by presenting analysis summaries to internal and external clients, igniting impactful discussions and crafting future strategies
- Provide real-time event response and analysis of catastrophic events, empowering insurance companies to protect their policyholders
- Dive into vast data sets, uncovering insights and developing potential solutions to address risk challenges head-on
- Participate in web-based and in-person seminars to expand your industry knowledge
- Work towards attaining your ARe (Associate in Reinsurance) designation within 18 months of your hire date along with other necessary licenses
- Play a meaningful role in helping clients navigate challenges and find coverage solutions that align with their budgets
- Support clients during unexpected losses, ensuring their businesses continue to thrive
Benefits
- Competitive compensation
- Comprehensive benefits programs designed to support your well-being
- Career development opportunities and ongoing learning
- A collaborative, people-first culture with accessible leadership
- The opportunity to do meaningful work with global reach and local impact
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
