Analyst/Assistant Consultant/Consultant - Non Life Actuarial Audit

BNC is hiring for Big 4 for Analyst/ Associate Consultant/Consultant - Non Life Actuary audit role

1. Actuarial Audits: Audit of the client's reserves and systems for true and fair view across Motor, Health, Property and Casualty, Personal and Accident, Health and other lines of business.

2. Adherence to Reporting standards (IFRS, IGAAP, USGAAP)

Review of Assumptions, methodology, controls and results

Review reserving methodology (e.g. IBNR, PDR, UPR, URR, etc.)

3. Understanding client's business model, identifying sources of liability, performing data validation, developing run off triangles and claims pattern, calculating IBNR reserves.

4. Validating, creating and/or updating models based on new data/ events (e.g. catastrophe modelling, credit rating model, Risk Models)

5. Develop internal models and ERM framework; Own, Risk, and Solvency Assessment (ORSA) reports.

6. Develop stress testing models and review capital adequacy requirements for insurance companies as per local regulations.

7. Reviewing reinsurance agreements, monitor experience with reinsurance, reinsurance structure and structuring solutions.

8. Assist clients with understanding and implementation of IFRS 17 regulations along with any review exercises. This will also include any support with system transformation required

Desired Candidate Profile

1. Graduate/Post graduate with a strong background in mathematics or statistics. Member of Institute of Actuaries (UK) and/or Institute of Actuaries of India and must of passed at least 8 actuarial exams from either of these institutes including CS2, SP7/SP8

2. 0-3 years of Non-life actuarial experience with knowledge in reporting - reserving, business planning, pricing etc. Understanding of IFRS 17 preferred. Knowledge of stochastic modelling and proxy modelling is a plus