JLT - Assistant Manager - Actuarial Analytics

JARDINE LLOYD THOMPSON INDIA

Summary

Department Knowledge Services

Location Powai - Mumbai

Job Title Assistant Manager - Actuarial Analytics

Reports to Manager - Actuarial Analytics

Background

The Company JLT India is a wholly owned subsidiary of the Jardine Matheson owned, Jardine Lloyd Thompson group (JLT). The group is in the business of Employee Benefits and Insurance Broking and has its presence through 110 companies in over 36 countries.

Team The Analytics team at JLT India provides a wide-range of services/support to various operating units within the JLT group including JLT Re, JLT Australia, JLT Insurance Management, Bermuda & JLT Specialty units.

Assistant Manager

Role Requirements - At least 2 to 3 years of experience in the Non-Life Reinsurance Actuarial field.

- Should have cleared at least five actuarial papers including CT - 6 (Statistical Methods)

- Candidate is expected to work on non-traditional products and structured (re)insurance solutions.

- Should have a basic understanding of how (re)insurance structures exist in the global markets.

- Have strong interest in working with large and disperse data sets and demonstrate ability to extract and reconcile data

- Have some practical experience in Multivariate Regression Analysis

- Will need to work on Experience & Exposure rating 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 - VBA or R based) or as supervised by reporting manager

- Ability to consolidate and communicate results

- Carry out all other reasonable requests and objectives to an acceptable standard within agreed timescales

- 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 manager 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

Technical Skills - Strong quantitative and analytical skills with ability to translate data into meaningful insights

- Knowledge and understanding of Property and Casualty (Re)Insurance

- Strong skillset in Excel-VBA and R

- General level of understanding of tools like @Risk, Risk Explorer

General Skills - Good communication and interpersonal skills.

- Adaptive to organisational culture and business environment

- Team player