Actuary Volunteer, Forest Fire Prevention Derivatives, CrowdDoing

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Recruiting Organization: M4A FOUNDATION - CROWDDOING

Actuary Volunteer, Forest Fire Prevention Derivatives, CrowdDoing


See more detailed background on CrowdDoing's forest fire prevention derivatives

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Project Manager

Bobby Fishkin, lead author

In 2018, Sacramento was named the "the Most Polluted City on Earth" due to "smoke from Camp Fire," This proposal aims to prevent that from happening again through adopting a systemic approach and collaborating with stakeholders to actively prevent future such events. The insurance industry, along with institutional chief risk officers, have begun to recognize the importance of moving from "loss compensation to loss prevention."

CrowdDoing and Project Heather propose launching a prevention derivative with two new stakeholders: (a) contingent payers who pay in proportion to the reduction in risk, and (b) impact investors who finance social innovations in which their return is similarly proportional to the reduction in risk. It will build on existing precedents for contingent contracts involving social- innovation-based risk prevention.

Actuary Volunteer, Forest Fire Prevention Derivatives, CrowdDoing

A spectrum of forest fire risk prevention approaches are available: from creative new social innovations to well-established interventions.The forest fire risk prevention derivative would first survey existing forest fire prevention interventions in Greater Sacramento with an eye towards which ones might be suitable to support and expand. It would then review global social innovations that might be relevant to Northern California to determine which to replicate. Entities involved in risk management and risk securitisation, from insurers to reinsurers to retrocessionaires, ought to welcome the chance to share liability proportionally through a commons of prevention innovations. The prevention derivative can expand as more institutions and individuals join as contingent payers and impact investors in order prevent a larger portion of collective risk. Payments by private and public institutions to support prevention derivatives can be in-kind, through services, and/or financial

Actuary Volunteer, Forest Fire Prevention Derivatives, CrowdDoing

We are seeking a bright, industrious actuary to volunteer with --Forest Fire Prevention Derivatives, CrowdDoing -- our growing initiative. In this position, you will analyze the financial consequences and risk levels of various possible decisions to communicate sound advice based on the short- and long-term goals of our company. You should have a thorough understanding of financial theory, be self-motivated, and an independent worker who is also a team-player.

Actuary Duties and Responsibilities

Study and analyze the potential outcomes of uncertain future events, with particular regard to the possible impact on insurance, and stakeholder risks

Apply business and economics knowledge to evaluate, manage, and advise company management on financial risks

Provide strategic advice for commercial and financial endeavors

Assess the likelihood of the occurrence of certain events, and predict the potential cost to the company and its shareholders

Implement statistical and mathematical modeling techniques to ascertain probability and weigh risks such as plausible liabilities

Prepare and present reports and valuations on a quarterly basis, with an emphasis on the implications of particular decisions to managers and company directors; provide advice on risk limitation

Monitor and mitigate risks in trading and investments

Develop systems to comply with the regulatory requirements through collaboration with IT professionals

Attend to stakeholder relationship management with external stakeholders, investment managers, and financial directors

Supervise staff to ensure cohesive and productive progress on business objectives

Assist with mergers and acquisitions

Actuary Requirements and Qualifications

Bachelor’s degree in actuarial science, business, finance, economics, mathematics, statistics, or related field strongly preferred

Prior actuarial experience preferred

Proven skill in actuarial mathematics, with an in-depth understanding of mathematics, statistics, probability theory, and investment theory

Excellent interpersonal and communications skills; ability to communicate complex and challenging topics to colleagues and stakeholders in simple, easy-to-understand language

Strong analytical, creative problem-solving, and research skills

Proficient IT skills

"To help support you joining the right part of CrowdDoing for you, please use this form:"

Stipend ProvidedFalse

Training ProvidedFalse

Housing AvailableFalse

Language/Cultral Support AvailableFalse

Wheelchair AccessibleFalse

Fee RequiredFalse

Fee Amount: None

This opportunity is recurring

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389 5th Ave, 9th Floor, New York, NY 11109, US

Mission Statement

To bridge the gap between intention and action in order to bring about social impact.


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