Niva Bupa - Assistant Manager - Actuarial

- Niva Bupa Health Insurance is seeking a highly motivated and skilled Senior Actuarial Analyst to join our dynamic team.

- This individual will play a key role in driving our pricing, reserving, and data analytics functions to support the development and improvement of our health insurance products.

- As a Senior Actuarial Analyst, you will be responsible for leveraging actuarial methodologies, advanced analytics, and business insights to deliver actionable solutions and strategic recommendations

Key Responsibilities

- Pricing: Develop and enhance pricing models for health insurance products, ensuring they are competitive, profitable, and compliant with regulatory requirements.

- Use a combination of historical data, market trends, and predictive models to assess risk and set appropriate pricing strategies

- Reserving: Analyze and assess reserve requirements for health insurance claims, using actuarial techniques to estimate liabilities accurately.

- Ensure that reserves are established according to industry standards and company policies, and contribute to quarterly and annual reserving processes

- Data Analytics: Utilize data analytics tools and techniques to analyze large datasets, identify trends, and provide insights into business performance.

- Collaborate with data scientists and IT teams to enhance data models and improve data quality for actuarial purposes

- Financial Reporting: Prepare and deliver reports that support decision-making in pricing, reserving, and strategic business planning.

- Present complex actuarial findings in a clear and actionable manner for senior management and other stakeholders

- Risk Management: Provide insights and recommendations to the management team on risk management strategies, helping to optimize the company's risk profile

- Collaboration: Work closely with cross-functional teams including underwriting, claims, finance, and product development to ensure alignment between actuarial assumptions and business strategies

- Regulatory Compliance: Stay updated on the latest industry regulations and ensure that all actuarial models, reports, and methodologies comply with relevant legal and regulatory requirements

- Mentoring and Leadership: Mentor junior actuarial analysts and assist in their professional development.

Take a leadership role in specific projects and initiatives within the actuarial team.

Required Skills :

- Qualifications: A Master's/Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field. Fellowship or Associate level qualification from a recognized actuarial body (e. , Institute of Actuaries, Society of Actuaries)

- At least 3 - 5 years of experience in actuarial work within the insurance industry, preferably in health insurance or a related field.

- Strong expertise in pricing and reserving techniques, including experience with stochastic modeling, loss development factors, and risk management.

- Proficiency in actuarial software (e. , Prophet, R, SAS) and strong knowledge of Excel