Management Consultant – Manager level

Verisk Analytics - Jersey City, NJ3.7

Full-timeEstimated: $120,000 - $150,000 a year
Skills
Who We are:
Verisk Analytics is a rapidly growing leading global Data & Analytics company which offers proprietary data & analytics solutions across three verticals: Insurance (largest vertical), Energy, and Banking. We are part of the S&P 500 Index and part of the Nasdaq-100 Index. Our company has been acknowledged by various third parties for its excellence in innovation, leadership, and employee engagement. Below are just a few of our acknowledgments:

Forbes
World’s Best Employers (2018)
America’s Best Employers for Women (2018)
The World's Most Innovative Companies (2015, 2016, 2017)
America's Best Mid-Sized Employers (2016, 2017)
Certified Great Place to Work (2015, 2016, 2018). We have some of the most engaged and happiest employees in the corporate world. Check out this link for details about our employee surveys.
Ernst & Young Entrepreneur of the Year (2018) - Our CEO Scott Stephenson
For a more complete list of awards, you can click here.

What we do:
Using advanced technologies to collect and analyze billions of records, Verisk draws on unique data assets and deep domain expertise to provide first-to-market innovations integrated into customer workflows. We offer predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields.

Key customers: Our customers include the top 100 U.S. property/casualty insurers for the lines of business we offer; seven of the top ten global chemical manufacturers; nine of the top ten global energy providers; and all the top 30 credit card issuers in North America, the United Kingdom, and Australia.
Our people: We employ about 7,500 people worldwide, and members of our highly skilled workforce hold more than 2,000 advanced degrees and professional certifications.
Our unique and valuable data assets
14 petabytes of information in our data stores
More than 21 billion records in commercial and personal lines
Detailed information on more than 6 million commercial properties
An insurance fraud database with more than 1.2 billion claims
Models covering natural hazards in more than 100 countries
More than 7 million safety data sheets covering hazardous chemicals in the supply chain
Depersonalized information on 1.5 billion consumer credit, debit, and savings accounts

Our New Consulting Business & The Opportunity:
We are building a new consulting business to initially support our Insurance vertical (our largest business, which includes insurers, reinsurers, brokers, and other related clients) and will be offering both Strategy Consulting and Analytics Consulting.

Strategy Consulting: Excess capital, record low profits, threat of disruption, changing customer demands, and a rapidly changing risk landscape are forcing insurers to rethink their business models. We can help customers make strategic decisions across business (growth, products, competition, M&A), technology (innovation, digital, AI), and operations (process optimization, expense management, automation/robotics) to achieve sustainable profitability.
Data & Analytics Consulting: We can accelerate our and our customers’ competitive advantage by addressing issues such as data strategy, analytics strategy, descriptive / predictive / prescriptive analytics, data science, actuarial pricing/reserving, risk/capital modeling, actuarial transformation, reinsurance analysis, model validation/governance.
This core consulting team will take the lead on all consulting engagements and will draw upon the deep Subject Matter Experts (SMEs) within the Verisk umbrella. These SMEs include predictive modelers, machine learning experts, actuaries, data scientists, deep insurance product specialists (for every line of business in the world), and regulatory & government experts. The core consulting team will take the lead creating proposals/pitch decks, curating the team of SMEs, facing off with the client daily, assisting with sales and pipeline development, and being held accountable for project delivery. The use of SMEs will be greater on the Data & Analytics side than on the Strategy Side of the offering.

This new consulting firm (website & branding is being built) for three reasons:

CLIENT DEMAND: It is a perfect storm in consulting for the Insurance vertical: excess capital, record low profits, legacy business models, and threat of disruption are forcing all insurers, reinsurers, and brokers to redefine their entire business model across strategic, operational, technology, and analytical topics.
INNOVATION: Consulting will help us innovate the next generation of data & analytics solutions for our clients, and hence widen our existing competitive advantage
COMPETITIVE POSITION: We believe we can scale a significant and profitable revenue stream in the near future for two reasons:
Our Market Position: Given the importance of our business to the industry, deep domain experience, unique data sets, and analytical solutions, we believe we have an extremely strong competitive position for consulting.
Strategy X Analytics – A Unique Value proposition: Given recent client demands for strategy consulting to be more analytically (fact based) driven, we believe we are uniquely positioned to offer strategy consulting that can based on both broad business acumen and deep analytical analysis.

Who we are looking for:
We are looking for Management Consultants at the Manager level with the following skills & experience:

Prior Strategy/Management consulting experience (Must Have)
Impeccable verbal and oral communication skills (Must Have)
Stellar academic record (Must Have)
Strong analytical background (Math, Engineering, Science) – (Strongly Preferred) We are an analytics company and having this background would be extremely helpful.
Insurance Industry experience, which is our largest domain (Ideal, and becomes more important with seniority)
6-12+ years of experience
Given the ground floor nature of this opportunity, preference will be given to candidates interested in working out of our World Headquarters which is located 5 minutes from Manhattan (New York City) in Jersey City (NJ). This is an ideal opportunity for those interested in living in Manhattan, Brooklyn, or New Jersey and a having a very short commute to work.
All members of this team will experience the following career rewards:

High profile engagement with the senior leadership at the largest insurers, reinsurers, and brokers in the world.
High profile engagement internally within Verisk’s senior leadership team by communicating and shaping learnings from client engagements to contribute to the firm’s robust and exciting pipeline of data & analytics solutions.
Extremely rapid career advancement, given the nature of this ground floor opportunity and our unique market position & ability to scale.
Have the best of two exciting industries: tech/data/analytics & management consulting.
Have your voice heard: Our corporate culture is exceptionally inclusive and collegial, and you will have a “seat at the table.”
From an emotional perspective, we are seeking candidates who are excited by three things:

You are interested in Entrepreneurship & Innovation. Verisk is known for its innovation in the marketplace. You will be able to shape this innovation along with helping to build a consulting practice from the ground up.
You are passionate about data & analytics, and believe it is the cornerstone to a competitive advantage in the new economy
You love consulting, facing off with clients, and the diversity of the work.
We look forward to your resume (required) and cover letter (helpful) for immediate consideration. Thank you for your interest in Verisk!

Please click Submit Now to apply.

Verisk Analytics is an Equal Opportunity Employer

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