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Torrent Technologies is the leading flood insurance administrator in the US. Its integrated suite of business software platforms along with customer-focused service and support solutions have revolutionized the flood insurance landscape. Torrent is recognized for our deep flood insurance expertise and advanced technology capabilities. We provide market leading service and administration to Write Your Own (WYO) insurance companies and agents including direct access to both the National Flood Insurance Program (NFIP) and private insurance products.

Torrent Technologies is seeking candidates for the following position based in either Kalispell, MT, Bethesda, MD or Overland Park, KS. This role is also open to being remote.


Head of Pricing


The Head of Pricing at Torrent is responsible for development and implementation of pricing and management methodologies including key performance indicators, constructing financial impact assessment tools, building new pricing models, monitoring risk accumulations, learning from historical experience, and providing recommendations to the CEO and the Underwriting Committee.


What can you expect?


Understanding of catastrophe and underwriting flood models and their limitations identification of weaknesses, recommendations on how to addresses and processes to quantify.

Construct monitoring tools outside of the existing catastrophe vendor models to identify and to manage underwriting exposures and potential losses.

Building tools to assess and quantify the impact of different reinsurance structures or other risk financing mechanisms on capital and earnings stability.

Constructing tools and portfolio management processes that contribute to optimizing key performance indicators.

Developing extreme what-if-scenarios and quantifying their impact on the business.

Develop procedures to automate the collection of loss data and prepare routine and ad hoc reports and lessons learned.

Review historical loss experience and apply lessons learned to underwriting controls, including driving improvements associated with data collection, forms, coverage, deductibles, and product offerings.

Explore ways to proactively identify adverse selection for all products and lines of business.


What is in it for you?


Work for a global company with a strong brand and strong results to match

Culture of internal mobility, collaboration, and valued partnership with HR from the business.

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

Competitive pay and full benefits package starting day one (medical, dental, vision, life insurance, generous 401k match).

Flexible work opportunities for work/life balance

Tuition Reimbursement plan per year and participation in our Employee Stock Purchase Plan


We will count on you to:


Carry out supervisory responsibilities in accordance with Torrents policies and applicable laws; responsibilities may include interviewing, hiring, training, planning/assigning/directing work; appraising performance; disciplinary actions; addressing complaints; resolving problems.

Increase the credibility of Torrent as an expert flood underwriting organization through demonstration of knowledge of the performance and relative vulnerability of risks underwritten by Torrent.

Educate employees, as well as customers and business partners, using presentations, white papers, and training sessions.

Thorough understanding of catastrophe modeling products and techniques including specific inputs, outputs and processing components for all catastrophe models used by Torrent.

Identify, analyze and provide business recommendations on how to respond to upgrades in flood modeling software including both internal process improvement and technical evaluation of changes in loss estimates produced by the models.

Develop tools to enable the Company to estimate loss activity from catastrophe events including likely claims counts and estimated loss amounts.

Serve as the modeling subject matter expert through understanding and communication of modeling methodologies, sensitivities and uses. Responsibilities also include providing guidance as to the best practices associated with use of the models.

Develop and communicate, internally and externally as necessary, Torrents position on advances in flood modeling.

Build an understanding of actual loss history relative to the models and the application of that knowledge in underwriting and claims.

Manage employees, includes hiring and developing, planning, assigning and directing work, appraising performance, rewarding and disciplining, addressing complaints and resolving personnel issues.

Provide technical leadership and managerial direction to designated personnel.


What you need to have:


Bachelors degree in Business, Insurance, Mathematics, or related field or equivalent experience.

A minimum of seven years insurance industry experience, including underwriting, marketing and product management.

A minimum of four years supervisory and/or managerial experience leading a team of technical and administrative personnel.

Demonstrable experience of deploying catastrophe pricing models to drive business value.


What makes you stand out?


Advanced Degree in Business Administration, Mathematics, Engineering or Actuarial Sciences preferred.

CPCU, CIC, AU, ARM, AU, INS preferred.

Marsh McLennan(NYSE: MMC) is the worlds leading professional services firm in the areas ofrisk, strategy and people. The Companys 85,000 colleagues advise clients in 130 countries.With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses.Marshprovides data-driven risk advisory services and insurance solutions to commercial and consumer clients.Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and well being for a changing workforce. Oliver Wymanserves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit (link removed), or follow us onLinkedInandTwitter.
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 (e-mail removed)

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 based teams will identify at least one anchor day per week on which their full team will be together in person. 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.

Torrent offers a connected culture of talented, inspired individuals, and a work environment where colleagues can grow and succeed. We value diversity in thought and background and are looking for individuals who are up for the challenge of creating the insurance enterprise of the future. If thats you, join us on our journey.

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