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.
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.
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.
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
Similar to an investment bank, we broker a specific type of financial transaction called reinsurance.
Reinsurance is a risk transfer agreement that is often referred to as “insurance for insurance companies.”
As an intermediary, we do not assume any of the risk transferred in a reinsurance agreement.
Similar 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 reinsurance transaction.
