Senior Consultant (Model Development Research)

Job Title- Senior Consultant I/II (Model Development Research)

Position type- Full Time

Work Location- Bangalore, Whitefield

Working style- In Office

Cab Facility- Yes

Shift Time -

People Manager role: No

Required education and certifications critical for the role-

A master's or doctoral degree in structural / mechanical / civil / process engineering, or a related field is preferred.

Required years of experience -

• Research or project consultancy experience in multiple industrial facilities is preferred.
• 2+ years of direct experience in fragility or vulnerability modeling related to any peril.

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:

AON Impact Forecasting (IF) is looking for a risk / vulnerability modeler. This is a full-time position located in Bangalore (India), to build, calibrate, and maintain different vulnerability models to quantify and manage catastrophe risk in insurance and reinsurance industry.

JOB RESPONSIBILITIES:

• Research
  • Conduct in-depth research on vulnerability of structures exposed to windfloodearthquake.
  • Find, create, and analyze important data sets.
  • Stay informed about industry practices, codes, and standards.
  • Collaborate with experts to enhance understanding of hazard-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 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.

• 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.

MANDATORY SKILLS:

• Structural Engineering Skills
  • 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.
• Risk Assessment and Modeling
  • Strong quantitative skills for developing vulnerability functions.
  • Experience with statistical modeling, probability distributions and Monte Carlo simulations.
  • Knowledge of loss estimation methodologies.

• Communication and Collaboration
  • 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.

• Soft Skills:
  • Ability to handle, process and visualize large datasets.
  • Programming: Python, R, MATLAB, Octave (any)
  • Database: SQL
  • Office: MS Excel, Word, PowerPoint

• GIS and Spatial Analysis (optional)
  • Proficiency in Geographic Information Systems (GIS) for exposure mapping.
  • Ability to analyze spatial data and interpret results.

KEYWORDS:

structural engineering, industrial facilities, vulnerability, risk assessment, risk mitigation, research, wind, flood, fragility, loss modeling, resilience, exposure analysis.

WHO WE ARE LOOKING FOR:

If you have a sharp aptitude, an eye for detail, unafraid of numbers, attracted by challenges, a rapid learning ability, and a jovial attitude to easily plug in with others team members from diverse backgrounds, then you may be just the right fit for us. Apply and interact with us! Let's create something remarkable together!

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.

COMMITMENT TO SUSTAINABILITY

Aon is dedicated to integrating sustainability into our core business practices. We strive to minimize our environmental impact through innovative solutions and responsible stewardship, ensuring a sustainable future for our clients and communities.

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