Actuarial Executive - Life/Non Life Insurance

- Work as a core member of the actuarial team and contribute to make it a center of excellence

- Analyze the historical claims data and identify potential issues and trends and document the findings

- Build MS-excel based actuarial tools and be able to use triangulation methods for the purpose of estimating outstanding loss reserves for various (Re)insurance companies.

- Work on Statement of Actuarial Opinions (SAO) and actuarial audits of clients

- Review data, methodologies, assumptions, results and benchmark against market

- Reconcile results from previous year and compare with clients- results

- Review Nonlife pricing models and carry out bespoke modeling

- Assist with Solvency II Technical provisions actuarial reviews for PRA submission requirements

- Validate consistency across regulatory submissions

- Assist client with understanding and implementing the new regulations e.g. Solvency II, IFRS, etc.

- Provide transaction and due diligence support to the client

- Provide assistance with actuarial system transformation

- Assist with actuarial review of Economic capital requirements

- Make proper commentary on the results/findings and prepare the summary report

- Assist senior members of the team in day-to-day management activities including MI reporting

- Actively participate in engagement team meeting

- Communicate with engagement managers/Directors/partners in UK and build strong professional relationship

- Provide regular updates to stakeholders and discuss solutions to potential problem areas

Essential skills required

Education / professional qualifications

Graduate/Post graduate with a strong background in mathematics and statistics

Prior Experience:

1-5 years of experience in Insurance business and finance. Member of Institute of Actuaries (UK) and/or Institute of Actuaries of India and must of passed at least 4 actuarial exams from either of these institutes.

Project and Team management exposure

- General knowledge of Insurance business and finance

- Familiarity with spreadsheets, databases, statistical analysis programs

- Strong analytical and problem-solving skills with attention to details

- Candidate will be required to interact with colleagues in the US via email, written instructions, phone, or other online collaboration protocols.

- Excellent verbal and written communication skills.

Behavioral / team skills

- Personal drive and positive work ethic to deliver results within tight deadlines and in demanding situations

- Flexibility to adapt to a variety of engagement types, working hours and work environments and locations

- Team player; self-driven and ability to work independently

Salary range: 8 - 15 LPA