Geospatial Analytics Specialist

3 hours ago

Mount Abu, Rajasthan, India beBeeActuary Full time ₹ 1,50,00,000 - ₹ 2,00,00,000

Climate Risk Specialist

As a specialist in climate risk, you will play a key role in developing innovative parametric insurance solutions that address the growing challenges of climate change.

Key Responsibilities:

  • Analyze complex data sets to identify trends and develop models predicting climate-related events.
  • Design and implement parametric insurance products based on satellite and climate data.
  • Use mathematical and statistical techniques to assess probabilities and financial impacts of climate risks.
  • Collaborate with data scientists and geospatial experts to integrate satellite imagery into actuarial models.
  • Develop pricing models for parametric insurance products based on trigger events and payout structures.
  • Evaluate and minimize basis risk in parametric insurance solutions.
  • Prepare presentations and reports explaining findings to stakeholders, including clients and management.
  • Work closely with underwriters and claims teams to ensure the successful implementation of parametric insurance products.

Required Skills and Qualifications:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
  • Associate or Fellow designation from a recognized actuarial society (e.g., SOA, CAS).
  • 5+ years of experience in actuarial work, preferably in property and casualty insurance.
  • Strong analytical and problem-solving skills.
  • Proficiency in statistical analysis and modeling software (e.g., R, Python, SAS).
  • Experience working with geospatial data and GIS software.
  • Excellent communication skills, including the ability to convey complex information to non-technical audiences.

Benefits:

  • This role offers an exciting opportunity to be at the forefront of innovative insurance solutions, combining actuarial expertise with cutting-edge geospatial technology to address the challenges of climate change and extreme weather events.
  • The successful candidate will play a crucial role in developing parametric insurance products that provide rapid, transparent payouts based on predefined triggers, helping to close the protection gap in both developed and emerging markets.

Others:

  • A high level of numeracy and strong mathematical skills are essential for this role.
  • Analytical thinking and creative problem-solving abilities are also required.

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