Specialist - Actuarial

We are seeking a talented individual to join our Actuarial team at Marsh Mc Lennan. This role will be based in Mumbai. This is a hybrid role that has a requirement of working at least three days a week in the office.

We will count on you to:

• Assist in the development of new, market-leading analytics-based tools to assess and mitigate risk under moderate supervision
• Perform basic quantitative modelling and statistical analysis in order to assess risk and viability of risk mitigation solutions.
• Provide research support to identify recommendations that minimize the cost of risk.
• Assist in matching analytical services to client's financial needs to forecast risk, losses, and financial impact.
• Apply basic understanding of product and risk assessment and possible outcomes by scenario testing.
• Support team members in designing analytical models and processes to help internal and external clients quantify and mitigate risks.
• Support projects and tool development by doing relevant research.
• Assist in preparing reports and presentations relating to actuarial advice.

What you need to have:

• 6 months to 1 years of experience in P&C Actuarial experience
• A degree in Statistics/Mathematics/Actuarial/Computer Science/Engineering
• Completed at least 2 Actuarial exams (according to new curriculum)
• Preferable papers as per old curriculum (CT3, CT4, CT6)
• Preferable papers as per new curriculum (CS1, CS2)
• Good knowledge of actuarial pricing/reserving techniques
• Detail orientation, communication and interpersonal skills
• Microsoft Office skills, particularly in Excel (including VBA) and PowerPoint
• Working knowledge of programming languages such as Python or R

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
• Work to a high standard of accuracy under pressure and to deliver results within agreed timescales
• Ability to take initiatives to strive for improvement in analytics techniques, process and output

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being

Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.com, or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.