Actuarial Analyst

Actuarial Analyst

Work Experience: Minimum 6+ years of relevant experience

Grade: 21

Location: Bangalore

Job Description:

- Fully or partly qualified actuaries with very good understanding and knowledge of non-life (property & casualty) actuarial analytics functions.

- As managing actuary, you will be supervising a team of actuarial personnel performing actuarial studies and statistical analysis of data such as rate indications, profitability study, model development etc.

- You should have proven track record of leading actuarial team in delivering accurate results to agreed deadlines.

- You should have good communication skills and have the ability to work on own initiative with strong technical and leadership skills.

- Responsibilities include providing technical oversight and guidance to staff and coordinate actuarial projects, ensuring effective staff training/cross training, team expansion and hiring, evaluate staff performance, compensation management, and teams- career management.

- The successful candidate will manage the developments and implementation of actuarial reports and process to align group performance with business needs and goals with the primary focus on following:

- Work closely with the casualty pricing functional managers globally to understand business needs and deliver creative solutions

- Perform profitability reviews and recommend actions on pricing and risk selection

- Develop segmentation analyses and build risk monitoring tools to help manage profitability

- Build new pricing models as needed, and update and maintain existing pricing models

- Prepare rate monitoring, AQI and actual versus expected monthly and quarterly reports

- Transactional Pricing - prospective loss estimates for large clients

Job Requirements

Qualifications:

- Member of international affiliated actuarial organization (CAS, IoA - UK, IoA- India etc.) with good examination progress.

- A strong quantitative background with major in mathematics, statistics, econometrics

- Strong analytical and problem-solving skills

- Proficiency in Excel, Access, VBA, SAS, SQL or other programming languages strongly preferred.

- Excellent communication, presentation, and interpersonal skills with customer focus.

Organisation- Leading international insurance organization serving customers in more than 130 countries and jurisdictions. They serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer.