Actuarial/Actuary Role – Insurance

Role: Actuarial/ Actuary

Experience: 2+ years

Comms Skills: Excellent

Location: Mumbai and Bangalore

Incentives: Yes

Transport: Yes

Work Mode: Hybrid, UK Shift

Week off: Sat & Sun

Tools or Skills required:

– Cleared minimum 2 papers in Actuarial science, 2+ years of experience in General Insurance (Life insurance is not accepted).

– Should have exp in P&C, Reserving or Pricing.

– Should have willingness to be part of Actuarial team in long run.

– Stability in each Organization

Candidate Responsibilities:

– The candidate will work in Reinsurance Pricing/Reserving teams for business lines like Property & Casualty, Motor, and/or Specialty lines like Aerospace and Marine.

– The teams provide pricing/reserving of contracts and dynamic portfolio optimization for international clients, serviced via our international offices.

– The principal responsibilities for the candidate will be:

– Data cleansing and processing to facilitate actuarial analysis

– Assist onshore stakeholders and Actuaries in performing Actuarial Pricing/Reserving Analysis such as Experience rating and Exposure rating for building a comprehensive, multi-dimensional loss model in accordance with client risk profiles and industry norms

– Estimating reinsurance pricing/reserving and determining optimal Reinsurance Strategies

– Prepare and provide reports and decks for the performed analyses

– Contribute towards the Industry studies and Benchmarking activities, that aim at promoting Gallagher Re as thought leader in reinsurance marketplace

– Contribute to development of innovative concepts, tools or automating current process.

Qualification:

– Graduate/Post-graduate, preferably in Stats/Maths/Eco/Commerce

– A student member of any of the following institutes:

– Institute of Actuaries of India (IAI)

– Institute of Faculties of Actuaries – UK (IFoA)

– Min. 2 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further

– A relevant internship or industry experience of 2 – 5 years will be an added advantage