Posted:12 hours ago| Platform: Foundit logo

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Job Type

Full Time

Job Description

  • Analyze historical claims data to estimate insurance reserves for incurred but not reported (IBNR) and case reserves.
  • Develop and maintain reserving models using statistical and actuarial techniques.
  • Prepare loss development triangles and perform trend analysis.
  • Assist in quarterly and annual reserving reviews and reporting alongwith the preparation of reserving exhibits for reserve committees and regulatory filing
  • Coding in Databricks to encode claims datasets per their defined class codes for further analysis and reconciliation against multiple internal sources for credibility & data assurance.
  • Collaborate with underwriting, claims, and finance teams to gather data and validate assumptions.
  • Maintain current expense (Adjustment & Other expense) processes, while improving them to goal state level.
  • Create and enhance templates that estimate and track key actuarial diagnostic metrics like AvE, PYD, Settlement rates etc.
  • Develop and maintain reserve models in tools like ResQ, Arius etc. Identify opportunities for seamless integration with downstream processes
  • Assist in the development and enhancement of other actuarial tools, models, and processes to improve accuracy and efficiency.
  • Mentor and provide guidance to junior team members as needed.

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