Responsibilities :
The responsibilities attributable to this role will include some or all of the following :
- 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
- Ensure work of high quality standards is delivered within agreed timelines
- Translating business requirements into analytical solutions
- Perform and deliver on complex adhoc business analysis
- 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
The Individual :
Successful candidates will display a combination of the following :
- Graduate/Post graduate with a strong background in mathematics and statistics
- 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.
- General knowledge of Insurance business and finance
- Familiarity with spreadsheets, databases, statistical analysis programs
- Strong analytical and problem-solving skills with attention to details
- Highly motivated self-starter with excellent verbal and written communication skills
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