AM or Manager: Reinsurance Pricing and Capital Modelling Bean Hr Consulting

3.0 - 8.0 years

20 - 35 Lacs

Gurugram, Bengaluru

Hybrid

Sr Analyst\AM\Manager : Reinsurance Pricing and Capital Modelling Reinsurance Pricing: In-depth understanding of Reinsurance treaty pricing (with demonstrable experience) End-to-end pricing across a range of (Re)insurance structures (QS, per Risk XoL, Agg XoL, Stop Loss, Indexed Layers etc) Exposure rating (where applicable) Experience rating using frequency/severity and burning cost etc approaches Dealing with large data sets preparation and manipulation for modeling, including: Modeling premium and pricing (and loss-sensitive) features e.g. reinstatements, AADs, swing-rated deals Derivation and reconciliation of LDFs and development patterns Support and input on increasing efficiency of individual risk assessment where possible e.g. automated data manipulation Capital Modelling: Understanding of Solvency II regulation and Capital Requirements Standard Formula calculations and reporting Internal capital modelling, calibration, validation, and reporting

Posted 1 month ago

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Opportunity For treaty modelling role - Noida Genpact

8.0 - 13.0 years

20 - 35 Lacs

Gurugram, Bengaluru, Mumbai (All Areas)

Hybrid

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose the relentless pursuit of a world that works better for people we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI. Inviting applications for the role of Manager/Senior Manager - Treaty Modelling (Strong Technical + People handling experience) In this role, you will be using client data to model exposures using AIR software. Key activities of the process: Data Scrubbing Financial coding Account Modelling Portfolio Modelling Portfolio Reporting and Analytics Reinsurance modelling Responsibilities Submission review - Checking for completeness of data submitted by underwriters and following-up with underwriters (as required) Data scrubbing - Converting client provided data (excel format) to RMS/AIR format-Coding of COPE information Importing the data in CAT Platform Interpretation of policy terms and conditions through slips/binders Model runs and Report Preparation (Exposure and Loss summary) Portfolio preparation and model runs Portfolio Level reporting Reporting Daily/weekly monthly reporting Governance calls Handling Upskilling of junior team members and taking up their queries Documentation ability to create SOP & Process maps Daily/weekly/monthly Dashboard preparation Handling a team of quote and bound operations Implementing process efficiencies and finding growth opportunities for business Minimum Qualifications Graduate/Postgraduate in quantitative sciences Strong domain knowledge with respect to backend and front end of RMS/AIR Understanding of treaty structures Proficient excel skills Great hands-on SQL scripting Expert in financial coding from slips Good analytical and communication skills People Management skills, currently handling a team of CAT modellers Client relationship management Preferred Qualifications SOP/Process map creation Dashboard management and Governance calls handling Analytical ability High speed of execution Understanding around Policy life cycle Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook. Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.

Posted 2 months ago

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