ICICI Lombard - Actuarial Manager

We are looking at hiring people interested in pursuing their career in the actuarial field, the job would require application of statistical and actuarial models for pricing, reserving and risk management.

Some examples include-

- Regression analysis: Using Generalized Linear Models for the personal lines capturing the relationship between various attributes

- Using time series models for forecasting

- Fitting interest rate and asset pricing models for investment book using principles of stochastic calculus

- Fitting loss cost distributions to data

- Developing Risk adjusted capital model for Solvency computations

- Building models for a wide variety of risks including natural phenomena like rainfall, temperature etc

- Application of Markov Chains for long term pricing

- Customer propensity models for cross-sell, fraud analysis etc

- Determining IBNR reserves using standard actuarial and stochastic methods

- Pricing various lines of business using standard actuarial techniques as well as through statistical models

- Work on Various IRDA reports

- The role requires team members to progress through actuarial qualification process including enrollment in Institute of Actuaries of India or Faculty & Institute of Actuaries (UK), and give exams periodically. The company has an active incentive scheme to reward and encourage actuarial qualification.

- The role would also involve significant interactions with senior and top management of the company, good communication skills are essential.

Kindly apply in case you are looking at moving to Mumbai.