PhD position on financial engineering solutions to keep extreme weather risk insurable

PhD position on financial engineering solutions to keep extreme weather risk insurable

Published Deadline Location
23 Nov 20 Jan Enschede

Job description

Extreme weather events are anticipated to become more frequent and more severe due to climate change. This poses a challenge to both insurers and policyholders, who can expect larger losses and higher premiums. The key question is whether the risk will remain insurable in the future. This PhD project focuses on the role of financial products in the management of climate change risks. The ultimate aim of this project is to show how financial products (either new or existing ones) can be used to safeguard the insurability of extreme weather risk. Are you interested in developing and pricing financial products for climate change risk management? Then this position may just be the one for you!

As one of the PhDs in the section Financial Engineering, you will work within the High-Tech Business and Entrepreneurship (HBE) department.

Specifications

University of Twente (UT)

Requirements

  • A MSc degree in a relevant field, such as financial engineering, actuarial science, mathematics, or econometrics;
  • Confirmed skills for modeling, programming, and handling large data sets;
  • Dedicated teammate in a hardworking group of scientists;
  • Excellent communication skills and proficient in written and oral English;
  • Able to do independent research and willing to build on writing and publication skills.

Conditions of employment

We encourage high responsibility and independence, while collaborating with colleagues, researchers, other university staff and partners. We follow the terms of employment by the Dutch Collective Labour Agreement for Universities (CAO). Our offer contains: a fulltime 4-year PhD position, excellent mentorship in a stimulating research environment with excellent facilities, and a personal development program within the Twente Graduate School. It also includes:
  • Gross monthly salary of € 2.541 in the first year, rising each year up to € 3.247 in the fourth year;
  • Holiday allowance of 8% of the gross annual salary, and an end-of-year bonus (8.3%), 29 holidays per year in case of full-time employment;
  • Employee status at the UT, including a pension scheme and health care benefits. UT is an equal opportunities employer.

Department

The High-tech Business and Entrepreneurship (HBE) department is part of the Faculty of Behavioural, Management, and Social Sciences (BMS). HBE holds a leading position at the interfaces of business, technology, and the social sciences. In our ground-breaking research and novel education programmes, we strive for making an impact in business and healthcare by conducting cross-disciplinary research. We combine various themes such as smart industry, supply chain management, transportation and logistics management, innovation management, healthcare operations, technology-based entrepreneurship, purchasing and supply management, cyber security, financial engineering, HRM, change management, and leadership.

The HBE department is dedicated to encouraging a supportive and inclusive working culture. Our aim is that all job applicants are given equal opportunities. When we select candidates for employment, it will be on the basis of their competence and ability. To support the workforce diversity, we are open to offer flexible working conditions on an individual basis to support work-life balance, that may include contract of employment, working hours and location, or child care arrangements.

Please have a look at our video to learn more about our department

The High Business Entrepreneurship corporate video can be watched via this link.

Additional information

Submit your application before January 20, 2023, and include:
  • Cover letter of at most 1.5 page A4, explaining specific interests, the motivation for the application, and why you fit into this project;
  • Academic transcript of BSc and MSc education, including grades;
  • Full Curriculum Vitae, contact information for at least two academic references, and if applicable, a list of publications.
We encourage Master students to apply even if they still have to graduate in the coming months. We will then make suitable agreements about the starting date.

If you have any questions regarding this vacancy, you can contact Prof. Dr. L.Spierdijk (l.spierdijk@utwente.nl).

Specifications

  • PhD
  • Behaviour and society
  • 38—40 hours per week
  • €2541—€3247 per month
  • University graduate
  • 926

Employer

University of Twente (UT)

Learn more about this employer

Location

Drienerlolaan 5, 7522NB, Enschede

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Application procedure

Application procedure

Make sure to apply no later than 20 Jan 2023 23:59 (Europe/Amsterdam).