Senior Climate Risk Specialist

3 days ago

Ellore, Andhra Pradesh, India beBeeActuary Full time ₹ 1,74,30,000 - ₹ 2,51,45,000
Our company is seeking a skilled Geospatial Actuary to join our team. 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.In this role, you will be instrumental in developing cutting-edge parametric insurance models using satellite imagery and climate data to identify trends and predict climate-related events. Your responsibilities will include designing and implementing parametric insurance products based on satellite and climate data, using mathematical and statistical techniques to assess probabilities and financial impacts of climate risks.You will work closely 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, and evaluate and minimize basis risk in parametric insurance solutions.Your analytical thinking and creative problem-solving abilities will enable you to analyze complex data sets, collaborate with underwriters and claims teams, and prepare presentations and reports explaining findings to stakeholders.This is an exceptional opportunity for a motivated individual to contribute to the development of parametric insurance products that provide rapid, transparent payouts based on predefined triggers, helping to close the protection gap in both developed and emerging markets.The successful candidate will have a strong background in actuarial science, mathematics, statistics, or a related field, and experience working with geospatial data and GIS software.We are looking for an individual who is passionate about using their actuarial skills to make a real impact in the field of climate risk and parametric insurance.
  • 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.

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