Senior Actuarial Specialist, AFR

3 - 6 years

3 - 6 Lacs

Posted:1 day ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Essential Responsibilities:

  • Candidate is expected to work on multiple analytics projects for PC insurance related to Reserving- Valuation/ Claim Analysis and other Actuarial Projects for the team.
  • Manage a team/line of business for quarterly/half-yearly/annual valuations for the company's reserves to ensure they are sufficient to meet future obligations.
  • Liaise with the business partners on claims, underwriting and pricing side to understand the business strategies and market environment to ensure these are considered in the reserve projections.
  • Regular discussions with line of business actuary on the claims experience, methods and assumptions used.
  • Present findings to senior management and stakeholders.
  • Provide actuarial insights on strategic initiatives and other business/results communications, as requested.
  • Provide additional insights on business specific issues considering latest rates, inflation environment and other trends.
  • Ensure adherence to internal guidelines and processes in all the analysis and results.
  • Use of analytics including the development of analytical tools, analysis of insurance risk, and general support for risk analytics and predictive modeling in the company.
  • Research DevelopmentResearch/Learn about new Reserve/Reserve Risk/claims analytics methodologies and develop new and creative solutions to actuarial issues.
  • Independently analyzing project requirements to own and deliver projects/initiatives with very high quality to establish support credibility.
  • Understanding business problems and translating business information into dynamic and effective reports or dashboards to generate meaningful business insights.
  • Analyze and apply technical information to practical situations and assess opportunities for improvement.
  • Managing teams and ensuring feedback of team members.
  • You will report to Senior Actuarial Lead, AFR.

Required Skills and Abilities:

  • Qualified / nearly qualified Actuary.
  • Outstanding analytical and modeling capabilities with research and problem-solving skills.
  • Ability to handle multiple priorities and tight deadlines and be responsible for priorities and deadlines for others.
  • Develop and use collaborative relationships to facilitate the accomplishment of work goals.
  • Ability to work with minimum supervision and problem-solving ability.
  • Experience in statistical analysis software or predictive modeling will be an added advantage.
  • Team management experience including basic managerial skills, coaching and development, performance management, etc.
  • Ability to work independently or as part of a team.
  • Ability to review the work of others for accuracy and completeness.
  • Innovative and result-orientated.
  • Technical expertise in SQL, SAS, or VBA would be an added advantage.

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