4 Actuarial Software Jobs

We are looking for a skilled actuary interested in an exciting opportunity within the Property and Casualty (P&C) insurance sector, particularly in Home/motor insurance. If you are a talented P&C Pricing Actuary, we invite you to join our dynamic team to contribute to driving our pricing strategies to new heights. The available roles are as follows: - Pricing Analyst: 1 to 3 years of experience - Senior Pricing Analyst: 3 to 6 years of experience - Principal Pricing Analyst: 6 to 12 years of experience The location for this opportunity is remote, providing flexibility for your work environment. To qualify for this position, you should hold a Masters or Bachelor's degree in Actuarial Science, Statistics, Mathematics, or B.Tech with a strong academic background. Key mandatory skills for this role include expertise in core/technical pricing, RADAR/EMBLEM, R/Python, and SAS. Additionally, having an actuarial qualification is desirable along with significant pricing experience and solid knowledge of statistical modeling methods, particularly GLMs, and machine learning techniques, particularly GBMs. Candidates should also possess experience in working with extensive data sources, proficiency in coding languages like Python, SQL, SAS, or similar, and familiarity with software such as Radar or Emblem. Strong stakeholder management skills, the ability to convey technical concepts to a non-technical audience, and a comprehensive understanding of Technical Price elements are essential for this role. Desired skills include proficiency in Excel and MS Office, experience in insurance pricing roles, knowledge of modeling techniques, price optimization, and general insurance regulatory environment, as well as the ability to manage projects within business timelines and mentor junior team members. Your responsibilities will include assisting in risk model updates, collaborating with different teams and stakeholders to understand their needs, analyzing data, interpreting results for non-technical audiences, building and testing statistical models and machine learning algorithms, and working with data enrichment teams to enhance models using third-party data sources. Join us at Allianz, a trusted insurance and asset management company, where we value a diverse and inclusive workforce. We are committed to being an equal opportunity employer and encourage individuals from all backgrounds to bring their unique perspectives to our team. Let's work together to shape a better future for our customers and the world around us.,

You are an experienced and professional Actuarial Analyst who will be joining our team in Pune. In this role, you will assist senior team members with project tasks, including client communications. Your primary responsibilities will include generating high-quality work products, data preparation based on project work plans, and developing functional/technical, problem-solving, and time management skills. You will be expected to be an effective team member and client-centric, while also meeting specific productivity and billing metrics. Your key responsibilities will involve performing a variety of actuarial tasks such as pricing, reserving, financial reporting, and actuarial modeling activities. You will conduct detailed actuarial analysis and provide tailored solutions to meet client needs. Additionally, you will develop and maintain actuarial models to evaluate the financial implications of life insurance and annuity products. Managing client engagement projects, maintaining strong relationships, and delivering comprehensive reports will also be part of your role. To excel in this position, you should hold a Bachelor's degree in actuarial science, Mathematics, Statistics, Finance, or a related field. A minimum of 3-5 years of experience in Life & Health insurance actuarial work and proficiency in Moody's Axis is required. Progress towards actuarial credentials (SOA, etc.) is preferred. Strong proficiency in Microsoft Excel, Word, Access, and PowerPoint is essential, along with excellent analytical and time management skills. Your ability to effectively communicate complex actuarial concepts to clients and team members is crucial, as is the capacity to work independently and collaboratively within a team. If you are looking for a challenging opportunity to utilize your actuarial expertise, work on diverse projects, and contribute to a dynamic and innovative team, we encourage you to apply for this position.,

A career within Actuarial Services, will provide you with the opportunity to contribute general insurance advice and consulting services to clients such as insurers, banks, regulators, and third party administrators. You'll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modelling, underwriting, new legislation, and the efficiency of claims or reporting processes. Simply put, you might help analyse the impact that new regulation will have on an insurance company's balance sheet or you could be revising businesses projections and making sure they have adequate reserves. To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future. Responsibilities As a Senior Manager, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to: - Encourage everyone to have a voice and invite opinion from all, including quieter members of the team. - Deal effectively with ambiguous and unstructured problems and situations. - Initiate open and candid coaching conversations at all levels. - Move easily between big picture thinking and managing relevant detail. - Anticipate stakeholder needs, and develop and discuss potential solutions, even before the stakeholder realizes they are required. - Contribute technical knowledge in the area of specialism. - Contribute to an environment where people and technology thrive together to accomplish more than they could apart. - Navigate the complexities of cross-border and/or diverse teams and engagements. - Initiate and lead open conversations with teams, clients and stakeholders to build trust. - Uphold the firm's code of ethics and business conduct. Job Description Our life modelling team leverages sophisticated actuarial software to develop, test and run models that perform a variety of complex calculations for our life, annuity, and health insurance clients. We support the audits of several of the largest insurers in the world. This includes public, private and mutual insurers. It also includes the insurance operations of several banks and private equity firms. Our team primarily uses Axis and Prophet but also uses other vendor software or work on models developed by our clients. We design, build and test new models for our clients. We also convert existing models to models supported by other vendors. The models are used for financial and capital reporting, testing clients models, and mergers and acquisitions activities. Using these actuarial models, our team also performs valuation and reporting services for our clients as part of our managed service offering. Skills Required Demonstrates proven extensive knowledge of, and/or success in managerial roles involving, technical actuarial subject matter specialization, especially in Life or Non-Life industry and regulatory developments. - Demonstrates some proven knowledge of database structures and data process flows. - Demonstrates some proven abilities and/or success with using actuarial software, preferably Axis or Prophet. - Demonstrates some proven abilities and/or success as a team leader: creating a positive environment by monitoring workloads of the team while meeting client expectations and respecting the work-life quality of team members; providing candid, meaningful feedback in a timely manner; keeping leadership informed of progress and issues; answering questions and providing direction to less-experienced staff. - Demonstrates some proven level abilities and/or success with writing, communicating, facilitating, and presenting cogently; to and/or for all levels of industry audiences, clients, and internal staff and management. Qualification: Pursuing/Completed Actuarial Science Experience: 7 years,

Life Insurance IFRS (International Financial Reporting Standards) Specialist key responsibilities Estimate actuarial liability for general insurance lines of business which involves data preparation, data loading to tools, analysis of liabilities and presenting results Analyse the historical claims data, identify potential issues and trends and report the findings Perform valuation of reserves through IBNR models using the data supplied for estimation Working knowledge of different loss projection methods and their applications along with the familiarity of different property and casualty lines of business Review data, methodologies, assumptions, results and benchmark against the market Understanding the forecast, payment patters, yield curves, risk adjustments, claims, premiums, expenses, tax and other parameters used as a part of the establishing the Balance sheet position and Profit/Loss statement as a part of IFRS17 regulatory requirement Liability of Incurred Claims (LIC) and Liability of Remaining Coverage (LRC) calculations using the PAA or GMM approach PAA Eligibility testing to finalise the methodology for calculating the liability for the group of contracts Onerous testing to identify the onerousness for estimating the Loss Component (LC) Calculating the LC and Contractual Service Margin (CSM) release over the period of the contract IFRS17 (or Solvency II) Actuarial Liability estimation for general insurance lines of business which involves data preparation, data loading to tools, analysis of liabilities and presenting results to relevant teams Maintain strong focus in finishing Actuarial exams along with developing a strong subject matter experience Knowledge of Aptitude (IFRS17 Financial reporting tool), ResQ or other reserving software are good to have, but not must criteria Stay informed of current business/economic developments relevant to the industry We are looking for individuals who have a proactive attitude and are seeking the opportunity for personal and professional growth, leveraging and supporting our global network. To qualify for the role, you must have Good experience in the General Insurance industry, either within a consulting firm or an Insurer or an organisation providing Insurance services (such as reserving, IFRS17 and Solvency II technical provision) Ability to multi-task and flexible work attitude packed with good analytical skills Proficiency in MS-Office Suite, VBA, SAS, R Programming, Python, SQL, SPSS, etc., will be a plus