Senior Actuarial Specialist

3 days ago

Alwar, Rajasthan, India beBeeActuary Full time ₹ 19,99,999 - ₹ 24,99,999

Job Opportunity:

We are seeking a highly skilled Actuarial Specialist to join our team. The successful candidate will have extensive experience in developing parametric insurance models using satellite imagery and climate data.

Main 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 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.
  • 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.

The Role Offers:

This is a unique opportunity to be at the forefront of innovative insurance solutions, combining actuarial expertise with cutting-edge geospatial technology to address climate change and extreme weather events.

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