MDD Forensic Accountants · 1 day ago
Senior Allocation Analyst
MDD Forensic Accountants is one of the world’s top forensic accounting firms specializing in economic damage quantification calculations. They are looking for a Senior Allocation Analyst to support the forensics team by building claim-level allocation models and creating decision-making tools and analytics for complex claims exposure evaluation.
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
Qualification
Required
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
Preferred
Knowledge of Python, VBA, HTML, or other coding language a plus
Advanced degree a plus
Benefits
Paid vacation and holidays
401k and profit sharing
Medical
Dental
Vision
Life and disability