Geospatial Analytics Actuary

About the Role:

This is a key position in our organization where you will be working closely with data scientists and geospatial experts to integrate satellite imagery into actuarial models. You will be responsible for developing cutting-edge parametric insurance models using satellite imagery and climate data to address the growing challenges of climate change.

Key Responsibilities:

• Analyze complex datasets 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.
• Stay updated on advancements in satellite technology, climate science, and their applications in the insurance industry.

Requirements:

• 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:

• Be at the forefront of innovative insurance solutions.
• Combine actuarial expertise with cutting-edge geospatial technology.
• Address the challenges of climate change and extreme weather events.
• Develop parametric insurance products that provide rapid, transparent payouts based on predefined triggers.
• Help close the protection gap in both developed and emerging markets.

Competencies:

• High level of numeracy and strong mathematical skills.
• Analytical thinking and creative problem-solving abilities.
• Excellent IT skills, particularly in statistical software and databases.
• Strong business acumen and a genuine interest in the insurance industry.
• Self-discipline and the ability to work independently.
• Teamwork and collaboration skills.
• Commitment to continuous learning and professional development.

About the Team:

This role offers an exciting opportunity to be part of a dynamic team that is passionate about innovation and customer satisfaction. If you are looking for a challenging and rewarding role that allows you to grow professionally and personally, we encourage you to apply.

Climate Change is one of the biggest challenges facing the world today, and this role provides a unique opportunity to make a meaningful contribution to addressing it. Join us in shaping the future of insurance and making a positive impact on people's lives.