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Volunteer Opportunity

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Actuary

Posted by
M4A FOUNDATION - CROWDDOING
|
El Dorado Hills, CA
New
|
Published 2 months ago

Ultimately, you will help us maintain our company’s financial health.


Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Actuary to provide accurate and data based information on company’s profitability, solvency, stability and liquidity. You will research and analyze financial information to help company make well informed decisions, write reports and monitor financial movements.Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Financial Analyst


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

https://drive.google.com/file/d/1dBp_HUr-tCCNaeGoSDfPrirRPbaoV3X4/view?usp=sharing

Forest Fire Risk Prevention Derivatives in Northern California

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.


Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Actuary

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.

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Actuary


We are looking for a Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Actuary to provide guidance on investment decisions, cash management and day-to-day company expenses.


Financial Consultant responsibilities include forecasting costs and revenues, conducting risk analyses for financial plans and evaluating capital expansion options (e.g. funding or loans.) To be successful in this role, you should have a Finance or Accounting degree and relevant work experience as a Financial Adviser to large clients.



As an Actuary, you’ll create statistical models to calculate likelihoods and you’ll present findings in detailed reports. To be successful in this role, you should have a flair for math and an analytical way of thinking.


Ultimately, you’ll help us make the most profitable investments, minimizing financial risks.


Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Actuary Responsibilities

Conduct risk assessments

Build predictive models to accurately analyze potential outcomes

Recommend investments with the lowest risk and the highest profits possible

Calculate total assets and liabilities

Determine financial status after an investment

Compare actual ROIs with forecasts

Monitor market trends and identify opportunities for new investments and funds

Develop guides and policies on how to avoid high-risk investments and the losses associated with them

Keep records of payments, fundings and underwriting policies

Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Actuary Requirements

Work experience as an Actuary, Investment Analyst or similar position

In-depth understanding of how to use actuarial formulas and tables

Hands-on experience with statistical packages like SPSS

Good knowledge of insurance legislation

Excellent numerical and analytical skills

Attention to detail

BSc in Statistics, Mathematics or Finance

Additional certification in Risk Management or being successful in actuary exams is a plus

Ultimately, you will help us maintain our company’s financial health.


Forest Fire Prevention Derivatives, CrowdDoing, Volunteer Actuary to provide accurate and data based information on company’s profitability, solvency, stability and…

Details at a Glance

  • Schedule
    Weekends
  • Time Commitment
    A few hours per week
  • Recurrence
    Recurring

Location

Remote
Work may be performed anywhere in the world
Associated Location
3325 Besana Drive, El Dorado Hills, CA 95762, United States

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