Allocation Manager

Overview

This role is within the Forensic Accounting department and supports work across the large, complex claims exposure evaluation process. The organization is seeking a Manager to serve as an essential function of the forensic accounting team.

The position involves partnering with clients and senior management to build claim-level allocation models, create decision-making tools and analytics, and report results and progress to senior management, clients, and related stakeholders.

Responsibilities

• Perform preliminary to intermediate analysis of sales, production, and other accounting data
• Conduct physical inventory observation and price testing
• Examine source documents pertinent to engagements
• 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 based on customer needs, combining insurance, data, and jurisdictionally driven legal opinions to accurately model relevant scenarios
• Collect and organize data from various sources, ensuring data accuracy and completeness
• Perform data cleaning and transformation as needed for modeling purposes
• Check and proof reports and schedules
• Conduct phone or in-person interviews to obtain information
• Prepare preliminary draft report narrative and schedules
• Analyze and reconcile claims to final calculation
• Conduct research, data analysis, and evaluation
• Ensure compliance with state and federal laws
• Complete research and other tasks assigned by manager

Requirements

• Bachelor’s degree or equivalent work experience in Mathematics, Finance, Economics, or related field required
• At least three years of experience 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 and collaboratively in a fast-paced, team environment
• Excellent organizational skills with the ability to handle multiple complex projects at various stages of completeness at any given time
• Emphasis on attention to detail
• Ability to model qualitative issues using quantitative methods
• Knowledge of insurance principles, long-tail insurance claims, and working knowledge of jurisdictional intricacies required

Preferred Qualifications

• Knowledge of Python, VBA, HTML, or other coding language (plus)
• Advanced degree (plus)

Compensation & Benefits

A competitive benefits package is offered, including:

• Paid vacation and holidays
• 401(k)
• Medical, dental, vision
• Life and disability

Location

Home United States