Note: The job is a remote job and is open to candidates in USA. MDD Forensic Accountants is one of the world’s top forensic accounting firms specializing in economic damage quantification calculations. They are seeking a Senior Allocation Analyst to support the forensics team by building claim-level allocation models and creating decision-making tools for complex insurance claims.
Responsibilities
- Perform insightful quantitative analysis on potential policy exposure for long-tail or complex commercial casualty insurance claims
- Build and model loss allocation scenarios for mass torts, including Asbestos, Hazardous Waste, Sexual Abuse & Molestation, PFAS, Concussive Injuries, Pharmaceuticals, Toxic Torts, etc
- Create customized solutions dependent on customer needs, combining insurance, data, and jurisdictionally driven legal opinions to accurately model pertinent scenarios
- 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, record-level tracking of progress and real-time status reporting
- Clearly communicate results of various analyses to all stakeholders including coworkers, managers, partners, counsel, clients and opposing consultants
Skills
- Bachelor's degree or equivalent work experience in Mathematics, Finance, Economics, or related field required
- At least three years of experience in allocating long-tail insurance claims as a consultant or in-house required
- Excellent Excel, Word, Data Analysis, and other relevant software skills required
- Strong written, oral communication and presentation skills
- Proven capability to work independently as well as collaboratively in a fast-paced, team environment
- Excellent organizational skills with ability to handle multiple complex projects at various stages of completeness at any given time
- Emphasis on attention to detail
- Adeptness at modeling qualitative issues using quantitative methods
- Knowledge of insurance principles, long-tail insurance claims and working knowledge of jurisdictional intricacies required
- Knowledge of Python, VBA, HTML, or other coding language a plus but not required
- Advanced degree a plus but not required
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