Extreme Weather Risk Analyst

1 day ago


Jodhpur, Rajasthan, India beBeeActuary Full time ₹ 20,00,000 - ₹ 25,00,000
Job Title: Climate Risk Analytics Specialist

We are seeking an experienced and innovative Actuary to join our team. In this role, you will be instrumental in developing cutting-edge parametric insurance models using satellite imagery and climate data to address the challenges of climate change.

Key Responsibilities:

  • Analyze complex datasets to identify trends and develop predictive models for 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.
  • Work closely with underwriters and claims teams to ensure successful implementation of parametric insurance products.
  • Stay updated on advancements in satellite technology, climate science, and their applications in the insurance industry.

Required Skills and Qualifications:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
  • Associate or Fellow designation from a recognized actuarial society.
  • 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.

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 climate change challenges.
  • The successful candidate will play a crucial role in developing parametric insurance products that provide rapid, transparent payouts based on predefined triggers.

About the Role:

  • This is a unique opportunity to apply your actuarial skills to make a real impact in the field of climate risk and parametric insurance.


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