This is a senior level position reporting to our Valuation Lead in our Risk Control Department. This individual will be supporting BHSI’s property insurance underwriters globally with replacement cost valuation needs specific to Machinery & Equipment in the industrial and energy sectors (O&G, etc.). This role can be based out of our New York, Houston, or Toronto office locations.
Essential Job Functions: • Conduct research, perform analysis and develop mathematical models for replacement cost valuation of various types of heavy industrial Machinery & Equipment • Leverage in-house expertise to help build, integrate and incorporate proprietary valuation tools into current internal platforms • As part of a risk management function, perform desktop and field level valuation reviews to report on the reasonableness of BHSI customer’s reported Machinery & Equipment asset values • Preparation of valuation reports with observations on customer’s asset values, BHSI’s internal value estimates and communication thereof to BHSI account stakeholders and senior leadership on high-profile accounts • Participate in customer communication as BHSI’s subject matter expert in Machinery & Equipment replacement cost valuation • Develop and present training to foster the development of internal valuation knowledge and resources • Assist in developing internal valuation processes, procedures and reporting documentation as part of a growing valuation practice
Qualifications: • A BS/BA degree or higher • Minimum 10 yrs of experience in M&E valuation • Knowledge of major/critical pieces of industrial equipment including, but not limited to: compressors, turbines, large motors, major vessels, tankage and piping systems, boilers, etc. • Comprehensive understanding of valuation approaches • Ability to conduct in-depth industry valuation research • Strong analytical and problem-solving skills, as well as strong team building, interpersonal and communication skills (both written and oral) • Strong proficiency in Microsoft Excel, Word, and PowerPoint • Some travel required (15 – 20%)
Preferred: • Certification in Machinery & Equipment Appraisal • Insurance industry experience • International valuation experience • Advanced Excel modeling skills
About Berkshire Hathaway Specialty Insurance
The BHSI story began in 2013, when Berkshire Hathaway Inc. CEO Warren Buffett announced that Berkshire Hathaway was moving into commercial insurance in a substantial — and everlasting — way. With that proclamation, a strong and eminently trustworthy insurance partner was born.
Since then, BHSI has grown steadily and strategically, fueled by stellar financial strength. We continue to move into new geographies and product lines. We’re regularly expanding our worldwide team, with professionals who share our customer-first philosophy and the dual requisites of strong capabilities and exemplary character.
BHSI provides admitted and non-admitted policies, always anchored by underwriting discipline. Our product lines include: commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, medical stop loss, accident and health, and homeowners insurance.
We’re global, with offices across the U.S. in Atlanta, Boston, Chicago, Houston, Irvine, Indianapolis, Los Angeles, New York, San Francisco, San Ramon, Seattle, and Stevens Point, and around the world, in Auckland, Brisbane, Dubai, Dublin, Dusseldorf, Hong Kong, Kuala Lumpur, London, Macau, Melbourne, Munich, Perth, Singapore, Sydney and Toronto.
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