Job Purpose  To manage the Actuarial & Analytics team in providing actuarial services to the group. Candidate is expected to work on traditional/non-traditional pricing products, Structured Re/insurance Solutions, loss modelling and any other ad hoc support.   Job Dimensions  Role Requirement - Candidate is expected to work on traditional/non-traditional pricing products and structured re/insurance solutions. He /She is expected to provide actuarial support to team members across the group.   - Understand the advanced analytics requirements and plan tools/concepts that need to be used to achieve desired outcomes. Have strong interest in working with large and disperse data sets and demonstrate ability to extract and reconcile data   - Development and reconciliation of frequency and severity models  - Loss forecasting using simulation techniques   - Estimation of IBNRs using standard actuarial methods or other statistically robust techniques.  - Ability to develop new and maintain existing tools either independently (Excel and VBA based) or as supervised by reporting manager  - Ability to consolidation and Communication of results  - Carry out all other reasonable requests and objectives to an acceptable standard within agreed timescales  - Prepare reports and letters relating to actuarial advice  - Actively participate in departmental meetings  - Develop an understanding of technical areas as appropriate to role under the guidance of a senior member of the team  - Assist management in creating and maintain an up to date knowledge data base on property & casualty insurance/reinsurance actuarial procedures  - Proper recording of time and maintenance of timesheets   - Contribute ideas and suggestions for improvements to process templates  - Training and sharing of knowledge with colleagues  - Make steady progress with appropriate professional examinations as agreed with line manager with the support of the company  Job Complexity Varied & Diverse  Work is non-routine and involves advanced tasks. Needs to work independently under minimal guidance.   Outcomes are reviewed periodically for attainment of objectives, adherence to policies, and effectiveness of results.  Problem solving requires evaluation, interpretation and judgment to select the right course of action. Anticipates patterns and looks for beyond immediate problem to predict future issues. Contributes to process improvements.  Analyses complex problems and delivers solutions where precedent may not exist  Client Relationships  Communication Skills Interpret / Advisory  Interprets or explains data or information to deliver messages to audiences not knowledgeable about the subject matter.   Role is consultative and may not have an authority to affect decisions and outcomes  People Management and Strategic Impact Team Leader  May directly or indirectly influence people in own project/field.   Position may require leading a team and coordination of activities of less experienced or less knowledgeable team members. May have appraisal responsibilities.   Financial Impact Level 2 - No direct / indirect accountability to functional budget or costs. Supports in cost management through achievement of functional goals and leading process improvements.  Context  Operating Environment JLT India is a wholly owned subsidiary of Jardine Lloyd Thompson group (JLT). The JLT group has two main lines of business Employee Benefits and Insurance Broking and has its presence through owned companies in over 36 countries and through a network its presence is in over 100 countries.   Knowledge Services (KS) - the analytics and research centres of excellence in JLT India established to service key companies within the group: JLT Employee Benefits, JLT Re, JLT SL, JLT Australia & JLT Bermuda. This team will essentially:   - Provide analytics & research support  - Identify areas to support onshore, partners, COOs  Manager - Actuarial Services is expected to work/deliver quality services to the clients in the analytics actuarial domain. The incumbent is responsible for creating quality standards for the delivery function and work with Senior Management to deliver on - Greenfield projects- .   Framework & Boundaries NA  Person Specifications  Education Essential: Graduation in any stream. Should be a member of the Actuarial profession (enrolled to complete actuarial studies at least)  Desirable: Masters/BE/B Tech  Work Qualifications Essential: Should have successfully cleared 5 to 10 actuarial papers  Desirable: Should have cleared CT1,CT4,CT8,CT6  Training Essential:   Desirable:   Experience Essential: 5-7 years of relevant experience in the areas on P&C actuarial valuation/pricing. Should have some prior people management experience.  Desirable: None   Knowledge Essential: knowledge of insurance domain  Desirable: none  Skills & Abilities Essential:  - Excellent oral & written communication skills  - Ability to manage difficult and multiple clients  - People management skills  - Good analytical abilities  Desirable: Influencing and negotiations skills  Others Essential:  Desirable:   Job Challenges  - Multi-tasking and managing multiple deliverables

Mumbai

JLT - Manager - Actuarial & Analytics 

JLT - Manager - Actuarial & Analytics  ,Job Description for JLT - Manager - Actuarial & Analytics  in MARSH MCLENNAN GLOBAL SERVICES INDIA PRIVATE LLIMITED in  Mumbai for (6-10) years of experience. Apply Now!

Job Description for JLT - Manager - Actuarial & Analytics  in MARSH MCLENNAN GLOBAL SERVICES INDIA PRIVATE LLIMITED in  Mumbai for (6-10) years of experience. Apply Now!