Catastrophe Research & Development Intern

DUAL North America, Inc.; Edina, Northern (MN, KY); Hybrid; USD 28,000 - 40,000; Full time

Job summary

Howden Re in Edina, MN is offering an Internship: Catastrophe Research & Development with the NA reinsurance team. You'll learn how business analytics, ML/AI, and data visualization are applied to real client and industry challenges, with a focus on risk mitigation and value for Howden Re's clients.

Daily work includes assisting with analysis projects, data gathering for model validation, preparing summaries and reports, and researching industry publications on regional perils.

Qualifications

• Pursuing a bachelor’s or advanced degree in analytical/science fields.
• GPA 3.0+ is preferred.
• Strong academic record with internships or related work.
• Proficient in Excel, Word, and PowerPoint.

Responsibilities

• Assist in analysis projects under guidance of senior catastrophe modelers.
• Gather, organize and review data for catastrophe model validation.
• Perform analyses to extract data sets for client risk exposure.
• Prepare and format summaries, presentations, and reports for clients.
• Research and summarize industry publications on regional perils.

Skills

Data analysis

Communication

Attention to detail

Organization

Teamwork

Education

Bachelor's degree or higher in Mathematics/Statistics/CS/Engineering/Meteorology

Tools

Excel

Word

PowerPoint

Job description

Howden Re is the global reinsurance broker and risk, capital & strategic advisor focused on relentless innovation & superior analytics for top client service.

About Role

Internship: Catastrophe Research & Development

Location: Edina, MN

Salary: $25/hr + overtime

Deadline to apply: Friday 16th October

Working with our reinsurance team in North America you’ll learn more about applying business analytics, ML/AI, and creative data visualization to tackle complex problems for clients and the insurance industry as a whole, risk mitigation solutions and doing real work for Howden Re's current and prospective clients.

What you’ll be doing

• Reinsurance is a complex world; the easiest way to think about it is that it’s insurance for the insurers.
• Working with our teams, you’ll help insurance companies protect their futures, and the people they insure.
• The Howden Re Decision Support Team (Modeling and Analytics) is unmatched in the industry in facilitating catastrophe reinsurance placements while also being integrally embedded within our clients' operations.
• Howden Re employs cutting edge technology in a collaborative environment; striving always to develop solutions and present ideas that align with our clients' core philosophy of profitable growth.
• As a Catastrophe R&D Intern, you will collaborate both internally and externally with analysts and senior executives.
• On a day-to-day basis you’ll:
• Assist in analysis projects under guidance of senior catastrophe modelers.
• Gather, organize and review data relevant to catastrophe model validation.
• Perform analyses to extract data sets that can be used to calculate the client's risk exposure.
• Assist senior R&D team members in preparing and formatting summaries, presentations, and reports in order to convey potential risk and loss results for clients.
• Research and summarize industry publications and scientific papers of specific or regional perils in order to provide additional sources of information used for analyses and client reports.

Who we’re looking for

• You’ll be working towards a Bachelor’s or advanced degree in in Mathematics, Statistics, Computer Science, Engineering, Meteorology, or similar analytical / science major.
• You’ll be able to clearly communicate your thoughts and ideas both in writing and in person.
• And be able to handle multiple tasks and projects at the same time in a client service, deadline-driven environment.
• You will:
• Be actively pursuing a Bachelor’s degree or advanced degree in Mathematics, Statistics, Computer Science, Engineering, Meteorology, or similar analytical / science major
• Have a GPA of 3.0+
• Have a high achieving academic record in program major and summer internships or other work experience
• Be proficient in Excel, Word, and PowerPoint
• Possess the ability to work independently or within a team based on work demands
• Pay close attention to detail, because every small detail matters
• Have a keen ability to organize
• Legally authorized to work in the US

Our Application process

• Our application process is designed to help you show your potential, not to test what you already know!
• Online application form: to make sure you’re eligible for the internship, and to upload a resume.
• Pre-recorded video interview: You’ll record your answers to a few questions using your phone or laptop, giving you the chance to tell us more about yourself in your own time in a relaxed setting.
• Assessment center: Our final stage is an assessment center, which will ideally be in-person, but may be virtual. You'll take part in some fun group activities and meet our team in a relaxed setting. This day is all about getting to know you better and for you to see what it's like to be part of Howden and experience our culture.

Different perspectives

• At Howden, we’re committed to fair opportunity, inclusive teams and a culture where everyone belongs.
• We value people of all backgrounds, identities and experiences.
• We make sure everyone has the chance to succeed.
• If you bring who you really are, we’ll help you to go further.
• We believe in equal opportunities for all employees, regardless of race, religion, gender, age, sexual orientation or disability.
• And as a Disability Confident employer, we’re committed to removing barriers and supporting you to do your best work.
• If you need any adjustments during the application process or in the role, just let us know.
• We’re here to help.

What we offer

• A career that you define.
• We provide an environment where new ideas are encouraged and celebrated, where people who want to have a real hand in our success thrive.
• We want people who want to make a difference - not just in the workplace, but in the industry and in the wider community.
• Working at Howden Re: At Howden Re, we’re on a mission to do things differently.
• Our no silo approach, elite team, and clear focus on innovation and relentless execution means our clients are at the heart of all we do.
• As a big 4 global reinsurance broker, we deliberately avoid the one-size-fits-all approach, committing to creating bespoke solutions that address the unique challenges of a modern and dynamic marketplace.
• Our team is empowered to drive progress, creating opportunities for career and personal development, unlocking new value for clients, fostering long-term partnerships, and using the collective power of Howden to change how the world sees risk and insurance.

EEO Statement

We consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness, and respect.

Howden North America provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Howden North America will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

About Howden

Howden began in 1994, as just three people and a dog. Now there are 23,000 of us, and we're a leading global insurance group, managing $37bn of premiums for our clients.

Our largest shareholder group is us – the people who work in the business – supported by three long-term, minority growth-equity partners who share our vision to build a business to last, one that will never be sold.

The owner's mindset is something that's embedded in our culture; our people readily take ownership of their decisions, their actions, and their outputs.

They’re invested in every sense. And we all know that by working together to drive the business forward, everyone will benefit from the extraordinary results we can achieve.