- 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

Bangalore

Actuarial Executive - Life/Non Life Insurance  

Job Description for Actuarial Executive - Life/Non Life Insurance   in Future Track Edutech Pvt. Ltd. in  Bangalore for (2-5) years of experience. Apply Now!