Senior Manager - Actuarial Reserving

10 - 12 years

10 - 12 Lacs

Posted:3 weeks ago| Platform: Foundit logo

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Skills Required

Work Mode

On-site

Job Type

Full Time

Job Description

Senior Manager/Manager & Actuary RESERVING TEAM

Location

Job Summary

Reserving & Reserve Reviews Process

Manager/Senior Manager

Responsibilities

  • Work closely with onshore actuaries throughout the

    reserving process

    , including

    data preparation

    ,

    strategic analysis

    , and

    reconciliations

    .
  • Analyze and document the reasons for changes in

    Actuals vs Expected

    by

    Region

    and

    Line of Business

    on a

    monthly

    and

    quarterly

    basis.
  • Prepare

    Internal & External Audit

    reports and relevant Exhibits by sourcing, formatting, and aggregating data from multiple sources on a

    semi-annual

    basis.
  • Validate

    Reserving Assumptions

    and selections in

    ResQ

    .
  • Summarize final exhibits like

    Triangles

    ,

    Ultimates

    , and

    Loss ratios

    for

    Re-Insurance treaty sign-off

    .
  • Handle ad-hoc requests from onshore and perform work with minimal assistance.
  • Guide and support

    junior team members

    by instructing them on processes and resolving their doubts.
  • Actively participate in developing the team's

    training needs

    and foster a culture of learning.
  • Manage and assist a team of

    analysts

    in performing the above tasks and manage

    stakeholder relationships

    .

Required Knowledge, Skills, and Qualifications

  • Strong knowledge of

    analytical skills

    on large data and

    reserving techniques

    .
  • Fellow Actuary

    from

    IAI

    ,

    IFoA

    ,

    SOA

    , or

    CAS

    .
  • Experience in P&C insurance

    is preferred.
  • Strong knowledge of

    MS Office applications

    (especially

    Excel

    ,

    SQL

    ,

    VBA

    ). Experience with

    BRIO

    ,

    Qlik

    ,

    ResQ

    ,

    R

    ,

    Power Query/Power BI

    is an added advantage.
  • Preferably a

    Graduate/Postgraduate

    in

    Actuarial Science

    ,

    Mathematics

    ,

    Statistics

    , or

    Economics/Metrics

    .
  • Strong

    analytical thinking

    and an eye for

    detail

    .
  • Excellent

    communication skills

    to foster frequent

    stakeholder interactions

    .
  • A

    team player

    with the ability to collaborate effectively to achieve team goals.
  • A passion for continuous learning and a focus on building a long-term career.
  • An innovative approach focused on adding value to existing processes.

Actuarial Study Program

study leave

Note

  • Shift timing

    : 11:00 AM to 8:00 PM

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