Senior Manager - Insurance Actuaries

We are seeking at alented individual to join our Actuarial team at Marsh McLennan.This role will be based in Mumbai. This is a hybridrolethath as a requirement of working at least three days a week in the office.

We will count on you to:

• Collect, cleanse, and validate premium and claims data from clients and insurers to ensure accuracy and reliability.
• Analyse up to 10 years of workers compensation claims and premium history to identify trends and drivers.
• Develop a deep understanding of various premium calculation methodologies and apply this knowledge to analyse and compare alternative risk models for clients.
• Conduct financial analysis of alternative premium structures, including burning cost arrangements and self-insurance options.
• Perform stress testing of multiple scenarios to evaluate potential financial outcomes and risks for clients.
• Develop and maintain bespoke reserving models tailored to client needs.
• Prepare clear, insightful reports and presentations summarising analysis, findings, and recommendations for clients and internal stakeholders.
• Collaborate closely with clients to understand their business, address queries, and provide actionable insights.
• Lead projects to develop and enhance analytics tools, including those supporting IFRS 17 reporting.
• Continuously improve processes and methodologies, incorporating advanced actuarial techniques and emerging analytics technologies.
• Work collaboratively within the Alternative Risk Solutions and broader Workers Compensation teams to innovate and refine analytical approaches.
• Help build best-in-class bespoke executive review reports for marquee clients, focusing on claim and premium performance analysis over a defined period, including identifying key drivers of premium and claim costs.

What you need to have:

• Minimum 7 years of experience in P&C actuarial roles, with a strong reserving background.
• Degree in Statistics, Mathematics, Actuarial Science, Computer Science, Engineering, or related field.
• Completion of Core Principle actuarial exams; preferred papers include CS1, CS2, CM2, SP7, SP8, SA3.
• Proficiency in actuarial pricing techniques and financial/statistical analysis.
• Advanced skills in Microsoft Excel (including VBA) and programming languages such as Python or R.
• Strong analytical mindset with attention to detail and accuracy.
• Excellent communication and interpersonal skills, with the ability to explain complex concepts clearly.
• Commercial awareness and ability to balance analytical depth with practical business needs.
• Initiative to drive continuous improvement in analytics techniques and processes.

What makes you stand out?

• Strong communication skills with an ability to work in a team
• A commercial sense to apply proportionality to the depth of analytics used versus desired output
• Ability to take initiatives to strive for improvement in analytics techniques, process and output
• Statistics skills, including GLM, Bayesian probability, and other machine-learning techniques such as decision tree / random forest, etc.