Bangalore, Karnataka, India
12 days ago
Senior Modeler - Vulnerability
Job Title- IND Sr Consultant – Vulnerability Position type- Full Time Work Location- Bangalore, Whitefield Working style- In Office (Hybrid) Cab Facility- Yes Shift Time - 12.30 PM to 9.30 PM People Manager role: No Required education and certifications critical for the role- Master’s degree and preferably a PhD in Structural/Civil Engineering. AON IS IN THE BUSINESS OF BETTER DECISIONS At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are committed as one firm to our purpose, united through trust as one inclusive, diverse team and we are passionate about helping our colleagues and clients succeed. INFORMATION ABOUT THE BUSINESS Aon Reinsurance Solutions is the world’s leading reinsurance intermediary and full-service capital advisor. Reinsurance Solutions Analytics offers clients industry-leading Catastrophe Management, Impact Forecasting, Rating Agency Practice, Product Development and Research, Actuarial & ReMetrica support. GENERAL DESCRIPTION OF ROLE: The vulnerability modeler will be part of Impact Forecasting vulnerability team focused on the development of vulnerability solutions for atmospheric perils. The role responsibilities include, but are not limited to development, calibration and validation of wind vulnerability functions, detailed claims analysis etc. JOB RESPONSIBILITIES : Research Conduct in-depth research on wind\flood vulnerability specific to industrial facilities. Find, create, and analyze important data sets. Stay informed about industry practices, codes, and standards. Collaborate with experts to enhance understanding of wind-related risks. Contribute to the development of technical documentation and other reports. Vulnerability Function Development Create component-based vulnerability functions (using computer simulations or claims). Create vulnerability functions from fragility functions. Model Calibration and Validation Calibrate vulnerability models based on wind or flood damage reports. Collaborate with hazard and GIS specialists to investigate model anomalies. Validate model performance using historical events. Ensure sufficient accuracy in predicting damage levels. Exposure Analysis Analyze exposure data for industrial assets. Identify important assets, regional trends, etc. Claims Analysis Investigate claims data related to wind/flood damage. Identify patterns, trends, and loss ratios in industrial losses. ELEMENTS Utilize proprietary loss modeling platform ELEMENTS for estimating losses. Collaborate with software development teams to implement methodologies. Communicate modeling results effectively to internal stakeholders and clients. Skills And Knowledge Proficiency in structural analysis, load calculations, and understanding of building codes. Ability to assess structural vulnerabilities related to different loads. Familiarity with finite element analysis (FEA) software. Strong quantitative skills for developing vulnerability functions. Experience with statistical modeling, probability distributions and Monte Carlo simulations. Knowledge of loss estimation methodologies. Excellent technical writing skills for reports and publications. Ability to communicate complex findings to both technical and non-technical stakeholders. Collaborative mindset for working with cross-functional teams. Ability to handle, process and visualize large datasets. Programming: Python, R, MATLAB, Octave (any) Database: SQL HOW WE SUPPORT OUR COLLEAGUES In addition to our comprehensive benefits package, we are proud to be an equal opportunity workforce. At Aon, we believe a diverse workforce is an innovative workforce. Our agile, inclusive environment allows colleagues to manage their wellbeing and work/life balance while empowering you to be your authentic self. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging them to take time to focus on themselves. We offer a variety of workstyle options through our Smart Working model, but we also recognize that flexibility goes beyond just the place of work... and we are all for it! Our continuous learning culture inspires and equips colleagues to learn, share and grow, helping them achieve their fullest potential. As a result, Aon colleagues are more connected, more relevant and more valued. 2540103
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