Actuarial Specialist

Introduction:

Backed by Gallagher, one of the worlds largest insurance brokerage, risk management and benefits consulting companies, we at Gallagher Re, leverage powerful data and analytics tools to secure the right reinsurance placement that meet our client’s unique needs. With an ever-changing risk landscape and increased market volatility, our specialists across various global offices, design strategic solutions in accordance with our client’s goals and company objectives.

Working at the GCoE provides individuals with the chance to become part of a thriving international institution. We provide our employees with an unparalleled professional setting where they can utilize their abilities, enhance their expertise, and achieve concrete outcomes.

About the

The candidate will be a key member within Gallagher Re's actuarial department. Leveraging deep actuarial skills, analytical expertise, and problem-solving abilities, the candidate would be part of a team that assists clients in optimizing their reinsurance portfolios and enhancing their business performances. With this opportunity to work in a cohesive environment consisting of varied kinds of P&C actuarial teams, the candidate can begin on a journey of knowledge harvesting and experience enhancements. The team currently caters to clients that provide insurance and reinsurance services through the US Market, London Market and Llyod’s Syndicates. With a current strength of 30 analysts, the team aims at delivering high quality services in the most efficient and effective manner possible by assisting the stakeholders and Actuaries in performing pricing and other analysis.

About the Job:

Job Title:

Reports to:

Office Location:

Work Shift:

The successful candidate must have a deep understanding of insurance principles and regulations and be able to effectively communicate complex technical information to non-technical stakeholders. As an important member of the team, the candidate would be responsible for the growth and development of other members of the team, ultimately contributing to the overall success of the team and organization.

Technical

• Analyzing data and trends to help clients make informed decisions of the optimal reinsurance strategies they should adopt
• Performing ground up analysis and loss ratio investigations to build client portfolio understanding
• Build comprehensive loss models based on experience and exposure analysis in accordance with client’s risk profiles and industry standards
• Estimate reinsurance treaty pricing for clients mainly in Property, Casualty, Marine, Aerospace,etc. lines of business (depending on the market/team)
• Reinsurance structure optimisation and profitability analysis to manage earnings volatility and solvency risk for clients
• Collaborate with cross-functional teams to ensure actuarial principles and techniques are accurately implemented in product development and pricing strategies
• Generate reports and presentations summarizing analyses and findings to support business decision-making
• Contribute towards the Industry studies and benchmarking activities, that aim at promoting Gallagher Re as thought leaders in the reinsurance marketplace
• Provide valuable insights and support to clients while continuously improving processes through innovation in the form of tool development and automation of Actuarial analysis

Skills and Competencies:

• Excellent verbal and written communication skills, ability to convey information clearly and effectively and active listening skills
• Strong analytical and problem-solving abilities, ability to think critically and find innovative solutions and strategies
• Strong interpersonal skills, ability to build and maintain relationships, and work effectively with diverse individuals or teams
• Propensity to think beyond the assignment at hand and show ability to be detail oriented while also ensuring accuracy of work
• Ability to prioritize tasks, meet deadlines, and manage multiple projects simultaneously• Ability to adapt to changing circumstances, work well under pressure, and adjust to new environments or tasks

Qualification:

• Graduate/Post-graduate, preferably in Stats/Maths/Eco/Commerce
• A member of any recognized Actuarial institute like Institute of Faculties of Actuaries – UK (IFoA), Institute of Actuaries of India (IAI), etc.
• 3-6 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further

• Relevant experience of 2 - 6 years

• Excellent MS Office skills, particularly Excel is essential.• Knowledge of VBA, SQL, Python, R, Power BI etc. is an added advantage.