This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/11821046 Guy Carpenter & Company, LLC is seeking candidates for the following position based in the Chicago, Illinois office (Remote work may be permitted within a commutable distance from the worksite)

Associate I - Broking - Assistant Vice President

We will count on you to:

Develop and maintain crop predictive model using statistical techniques to forecast client\'s loss ratios by state. Conduct data-driven research and analyses to assist with reinsurance program renewals and provide brokers with actionable insights for negotiations. Research and evaluate new agriculture insurance products, including livestock and dairy insurance, in order to establish accurate reinsurance pricing. Keep up-to-date with developments in agriculture insurance and reinsurance industry, including emerging risks and regulatory changes. Assist in updating in-house portfolio management tool and optimize client\'s book of business based on state and county desirability. Help optimize fund designation decisions for clients using producer\'s historical experience coupled with data from Risk Management Agency (RMA)/National Agricultural Statistics Service (NASS). Provide support to senior analysts to update the in-house stochastic and deterministic MPCI reinsurance pricing models. Present clear and easy-to-understand explanations of the analytics results and model outputs to insurers and reinsurers. Assist clients in developing hedging strategies for the different products they offer. Collaborate and build relationships with client actuaries and reinsurance underwriters.

What you need to have:

Bachelor\'s degree or foreign equivalent in Mathematics, or a related field plus three (3) years of experience in the offered role, as an Associate Broker, Risk Analyst, or in a related position. Three (3) years of experience must include: Working in the agriculture insurance sector with Multiple Peril Crop Insurance (MPCI), private products insurance, and the Standard Reinsurance Agreement (SRA); Working with MPCI data from the Risk Management Agency (RMA) and United States Department of Agriculture (USDA); Working with crop hail data from the National Crop Insurance Services (NCIS); Working in developing and maintaining crop pricing and predictive models; and Developing sophisticated workflows using Alteryx Designer for data preparation, manipulation, and analysis, leveraging best practices and optimization techniques.

Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,500 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of Marsh McLennan (NYSE: MMC), the world\'s leading professional services firm in the areas of risk, strategy and people. The company\'s 85,000 colleagues advise clients in over 130 countries. With annualized revenue of over \$23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. For more information, visit www.guycarp.com and follow us on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected v terans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting TANA@mmc.com

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