Catastrophe Advisory Co-op - Multiple Locations - College Program 2025 at MMC in Philadelphia, Pennsylvania

Job Description:

Program Dates: July throught December 2025 (~40 hours per week)


***This is a 6-month commitment***


Guy Carpenter LLC's Global Strategic Advisory group is seeking talented and motivated individuals to join our team of Catastrophe Advisors.


What can you expect?

• You will join a team of Catastrophe Advisors that use engineering and economic research to determine the impact various hazard scenarios (e.g., earthquake, flood, wildfire, hurricane, etc.) will have on insurance companies' property damage and resulting financial loss.


• You will get to work alongside our top-tier professionals in areas such as catastrophe risk management, underwriting support, live event impacts, and reinsurance decision-making.


• You will work with state of the art software, such as Alteryx.


• You will participate in a structured, robust training program covering a wide variety of skills including vendor models, the insurance industry, reinsurance, project management and public speaking.


• You will be responsible for managing catastrophe modeling projects from beginning to end and will have the opportunity to contribute to a wide range of innovative internal initiatives.


• You will be a member of collaborative and cross-functional teams that deliver strategic insights to the largest and most prominent insurance companies in the world.
  
  

What is in it for you?

• A commitment to providing an environment that values diversity in background and experience, is committed to equity, and fosters an inclusive team.


• Join an outstanding professional services firm with more than 150 years of history - we are 76,000 colleagues in four global businesses united by a common purpose to make a difference in the moments that matter.


• Culture of internal mobility, collaboration and strong partnerships across the business.


• Colleague Resource Groups, which provide access to leaders, relevant volunteer and mentoring opportunities, and interactions with counterparts in industry groups and client organizations.
  
  

We will count on you to:

• Contribute to developing an inclusive work environment that respects and values differences of background, experience, and thought.


• Organize client data, check data for reasonability, load data into predictive models, run the models, share insights with senior colleagues, and compile coherent and compelling narratives to help clients understand their degree of risk.


• Perform basic calculations and draw conclusions from client data to assess a range of modeled outcomes for clients in support of reinsurance transaction process.


• Conduct research on industry/regulatory developments that affect loss liabilities to determine the impact on clients.


• Keep teams updated on industry-specific and specialty related trends related to catastrophe risk management and reinsurance.


• Contribute to impactful and insightful discussions with clients on their reinsurance strategy.


• Establish and maintain strong relationships with brokers/clients/reinsurers/colleagues, assist in promptly responding to client queries and concerns.


• Develop knowledge in certain region-based or peril-based areas of catastrophe risk management services through research or experience in order to advance professionally and gain recognition as an expert in the industry.


• Take part in or lead internal initiatives, offering ideas and feedback to improve outcomes as well as to help develop Guy Carpenter's thought leadership and industry expertise.


• Support / Mentor the leadership team in ensuring equitable experiences, strengthening inclusion, and promoting a culture of inclusivity and belonging that embraces the contributions of all team members.
  
  

What you need to have:

• Progress towards a Bachelor's degree in a quantitative or natural sciences field such as applied mathematics, statistics, engineering, operations research, finance, economics, data science, computer science, meteorology, or a demonstrated ability to learn new software and analytical concepts quickly.


• An expected graduation date of December 2025 or May 2026 is preferred.


• Strong academic record in major and work experience is more important than the field of study.


• Curious and proactive mindset: desire and ability to lead internal initiatives and research projects to completion.


• Robust data management skills: ability to manipulate, interpret, and extrapolate complex data.


• Superior communication and presentation skills: an ability to translate complex technical analysis and concepts into easily understandable terms for brokers and clients.


• Strong analytical, problem-solving skills and attention to detail with financial aptitude.


• A collaborative, team-oriented mindset and effective interpersonal skills that is a positive and helpful presence in colleague and client interactions.


• Solid computer skills including Microsoft Office (Excel, Word, PowerPoint) and basic coding in any language.


• A desire and ability to grow beyond your current capabilities.


• Capacity to progress multiple projects at the same time.


• 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.
  
  

What makes you stand out, possibly through an internship:

• Experience in the insurance industry at an insurance company, reinsurance broker, reinsurer, or catastrophe model software vendor.


• Experience using Microsoft SQL, Alteryx or Power BI.


• Scientific background in meteorology and/or seismology.


• An understanding of the insurance/reinsurance industry and product lines.


• Technical expertise working with catastrophe models such as RMS and Verisk (AIR).
  
  

The applicable hourly rate for this role is $27.00.


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 veterans), or any other characteristic protected by applicable law.


If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com


Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.



About Guy Carpenter



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.


Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.com, or follow 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 veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.


Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person. Apply Now