NERA Senior Consultant (New York City) - Marsh & McLennan Companies : Job Details

Company:NERADescription:National Economic Research Associates, Inc. d/b/a NERA Economic Consulting or NERA, is seeking candidates for the following position based in New York, NY (Remote work may be permitted within a commutable distance from the worksite in accordance with Company policy):Senior Consultant NERA ( is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For over half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real-world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.We will count on you to: Conduct economic, statistical, and financial modeling to analyze a variety of complex issues as part of the Securities and Finance Practice and the Product Liability and Mass Torts Practice. Contribute to the intellectual capital of the Securities and Finance Practice and the Product Liability and Mass Torts Practice by devising new theoretical frameworks, proposing new empirical methods, and spearheading research on new topics. Analyze issues relating to class certification, price impact, loss causation, materiality, and damages in securities class actions. Perform quantitative and qualitative analyses of economic trends for matters involving alleged violations of securities and ERISA laws and alleged breach of contracts. Analyze historical trends and conduct forecast analyses in relation to potential exposure from product liability and mass tort issues. Conduct sophisticated statistical analysis of patterns of participation in mass tort claims. Perform valuation of start-up ventures, mature businesses, and complex financial instruments. Build econometric models using advanced statistical methods, large datasets, and programming tools. Monitor developments in the fields of business or finance, keeping abreast of fundamental economic, industrial, and corporate developments by analyzing information from financial publications, investment banking research reports, public databases, trade publications, or other private sources. Monitor the latest academic research in the field of finance, economics, and statistics to guide and supplement day-to-day work activities. Prepare reports on general economic trends, on issues related to finance and statistics as well as on specific business challenges faced by clients. Participate in meetings with clients, outside experts, auditors, board of directors, insurers, and other stakeholders and participate in business development efforts along with other senior staff. Participate in and present at expert panels or industry conferences. Author industry reports, academic studies, and newsletters to be published internally at NERA and externally in academic journals, books, or other mass media. Propose business development strategies and identify business development opportunities. Participate in and help with planning business development events. This position has no dedicated full-time direct reports but will plan, direct, and supervise the work performed by approximately 2-3 junior staff on a project-by-project basis.What you need to have:Requires a Master's degree, or foreign equivalent, in Economics, Social Sciences, or a related field, and four (4) years of experience in the job offered, as a Research Associate, Associate Analyst, Analyst, Senior Analyst, Consultant, or in a related occupation. Four (4) years of experience must include: Using statistical software including Stata, R, Python or MATLAB to build linear regression models, logistic regression models, and time series models, to implement advanced statistical techniques including Monte Carlo simulation and bootstrap, and for data cleaning; Building and debugging Excel macros to create reusable models and automate batch processing of data; Using advanced Excel techniques including index match functions, indirect functions, and offset functions to perform data cleaning and data analysis; Using Excel to design and create charts and tables; Conducting research on publicly traded companies by reviewing SEC filings, equity research reports, news articles, and by performing original research using other public and/or private data sources; Performing valuation of public and private companies by building DCF models, calculating trading multiples, and calculating discount rates based on Weighted Average Cost of Capital (WACC) and Capital Asset Pricing Model (CAPM); Performing statistical forecasts by analyzing seasonality, long term trends, and correlations and constructing confidence intervals for forecasted results.The applicable base salary range for this role is $210,000 - $250,000 per year.The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives. We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.#LI-DNI