Climate & Catastrophe Risk Associate / Analyst – Climate Practice

myGwork is hiring a full-time Climate & Catastrophe Risk Associate/Analyst for WTW in Thane, Maharashtra, India. The role involves supporting the Climate Practice team with catastrophe modeling and climate risk assessments, utilizing tools like RMS. Candidates should have a strong analytical background in climate change risk management or civil engineering. Key responsibilities include data assessment, liaising with clients, and presenting findings on natural hazards.
This job is with WTW, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Description

This is a full-time role for an individual with strong analytical, numerical / statistical, scientific, climate change risk management, and / or civil engineering background to join the Climate Practice team at Willis Towers Watson.

Climate Practice (CP) is a part of the wider Risk & Analytics division which provides an integrated approach to risk management in the current complex global business environment. CP is a diverse team, with a global footprint and consists of actuaries, engineers, climate risk & natural catastrophe modelers and enterprise risk management specialists. CP helps companies identify, quantify, and prioritize their major risks, and connect risk management decisions to corporate financial performance.

The candidate would be joining a team of industry leading experts spanning across the fields of insurance, science, and engineering with the aim of providing unrivalled analytical and engineering-based risk advisory services. This exciting opportunity comes with various technical challenges which are as diverse as the industries we deal in and involves projects globally. One of the key aspects of this opportunity will be that the candidate will be expected to use and develop in-depth technical expertise in the fields of operational and construction risk and couple this insight also with insurance market recognized cat vendor modelling tools such as RMS (Risk Management Solutions).

Principal Duties / Responsibilities
• Support the Climate Practice team in Catastrophe modelling and Climate risk assessments using the RMS and Willis Tower Watson in-house catastrophe risk modelling tools.
• Day-to-day tasks will include

Data quality assessment of raw data to be fed into catastrophe models,
• Reviews of exposures to natural hazards as well as preparation of modelling input files,
• Running of market recognized models such as RMS and the review, interpretation, and validation of the output considering underlying modelling assumptions and their limitations.
• Liaise with colleagues and clients in different time zones and regular updates on progress.
• The role would also include collaborating to prepare and present output data from the models to support actuarial analyses and bigger projects carried out by other teams within CP.
• Developing and applying innovative approaches for assessing natural hazard and climate risks for our clients, for regions where no standardized risk assessment tools or models exist.
• Support on a wide range of consulting projects involving the undertaking of catastrophe risk engineering assessments of operational / construction risk projects incl. presentation of findings to internal and external clients.

Top Competencies
• Analytical, engineering, science and / or mathematical-based background and climate change risk management / research background
• Catastrophe models such as RMS, AIR, RQE
• Team player
• Proactive communication skills

Qualifications

Required Qualifications, Skills, Knowledge, Experience

Qualifications :
• Graduate / Postgraduate

Knowledge :
• Strong knowledge and proficiency in Catastrophe models, Excel, and Insurance policy structure
• Strong knowledge in Climate Change Risk Management
• Experience in developing technical solutions based on business requirement

Skills :
• Strong analytical, engineering, science and / or mathematical-based background with interest in natural hazard and climate risk (including earthquake, wind, and flood)
• Experience in using third party catastrophe models such as RMS, AIR, RQE, Katrisk or at least a good level of understanding of probabilistic and catastrophe modelling concepts
• Insurance market experience and understanding of policy structures for catastrophe risks would be an advantage
• Knowledge of databases such as SQL or MS Access, MS Power BI, VBA, R, any GIS software such as Q-GIS, GRASS or Arc GIS etc. would be an added advantage
• Solid analytical skills, including the ability to find ways to use available data sources to answer questions and solve problems
• Able to communicate / explain scientific, statistical, mathematical, climate change risk and financial concepts related to Nat Cat models and hazard analysis to non- technical audiences and having good reporting writing skills
• Good team player who can proactively communicate and support the teams across the globe.
• Willing to work independently and bring ideas to meet client needs where conventional solutions are not available