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3.0 - 6.0 years
9 - 19 Lacs
noida, pune, bengaluru
Work from Office
As a Senior within the Actuarial team your role involves developing and implementing solutions both within the Insurance service line and in collaboration with other services lines. On engagements, you will: Be responsible for providing high quality results and generating effective solutions working along with Senior Consultants, Managers or Senior Managers in delivering the project Provide focused solutions and training to Staff members Be responsible for ensuring all engagement are delivered within time Deliver engagements in line with our values and commitment to quality and ensuring that work is of high standards Establish/manage priorities, communicate the status of activities, and accumulate/report all chargeable hours Within the actuarial practice you will: Actuarial liability estimation for general insurance lines of business which involves data preparation, data loading to tools, analysis of liabilities and presenting results Analyze the historical claims data and 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 Assessment of technical provisions and standard formula/ other capital calculations Large loss analysis, rating factor analysis and CAT benchmarking Perform ad-hoc research and development requests as required Preparations of report/memo sent to stakeholders showing results of the analysis Maintain strong focus in finishing Actuarial exams along with developing a strong subject matter expertise Risk analytics including development of analytical tools, analysis of insurance risk and general support for any risk analytics in the company Knowledge of ARIUS, Alteryx, IGLOO, ResQ or other reserving software are good to have, but not must criteria Stay informed of current business/economic developments relevant to the industry/ geography 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. 3+ years experience in the General Insurance industry, either within a consulting firm or an Insurer or an organisation providing Insurance services (such as reserving, capital modelling, pricing, rate filling, CAT modelling, IFRS17, technical provision, solvency II and risk management) Ability to multi-task and flexible work attitude packed with good analytical skills Experience of handling a small team will be an advantage Proficiency in MS-Office Suite, VBA, SAS, R Programming, Python, SQL, SPSS, etc., will be a plus Good exam progress Non- life/P&C or general insurance/Actuarial Reserving/Rate monitoring/pricing/capital modelling
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