Senior Actuarial Specialist, AFR
Gurgaon, Haryana, India
We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients’ potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. We are seeking a highly skilled and experienced Qualified/Nearly qualified Actuary to join our Property & Casualty (P&C) Reserving team. The successful candidate will play a critical role in the analysis, estimation, and reporting of reserves for our P&C insurance products. This position requires a deep understanding of actuarial principles, advanced statistical methods, and regulatory requirements. The ideal candidate will have excellent analytical, communication, and leadership skills, with a proven track record in the P&C insurance industry.
DISCOVER your opportunityWhat will your essential responsibilities include?
·Candidate is expected to work on multiple analytics projects for P&C insurance related to Reserving- Valuation/ Claim Analysis and other Actuarial Projects for the team.
·Manage a team/line of business for quarterly/half-yearly/annual valuations for the company’s reserves to ensure they are sufficient to meet future obligations.
·Liaise with the business partners on claims, underwriting and pricing side to understand the business strategies and market environment to ensure these are considered in the reserve projections.
·Regular discussions with line of business actuary on the claims experience, methods and assumptions used.
·Present findings to senior management and stakeholders.
·Provide actuarial insights on strategic initiatives and other business/results communications, as requested.
·Provide additional insights on business specific issues considering latest rates, inflation environment and other trends.
·Ensure adherence to internal guidelines and processes in all the analysis and results.
·Use of analytics including the development of analytical tools, analysis of insurance risk, and general support for risk analytics and predictive modeling in the company.
·Research & Development: Research/Learn about new Reserve/Reserve Risk/claims analytics methodologies and develop new and creative solutions to actuarial issues.
·Independently analyzing project requirements to own and deliver projects/initiatives with very high quality to establish support credibility.
·Understanding business problems and translating business information into dynamic and effective reports or dashboards to generate meaningful business insights.
·Analyze and apply technical information to practical situations and assess opportunities for improvement.
·Managing teams and ensuring feedback of team members.
You will report to Senior Actuarial Lead, AFR.
SHARE your talentWe’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
·Qualified / nearly qualified Actuary.
·Outstanding analytical and modeling capabilities with research and problem-solving skills.
·Ability to handle multiple priorities and tight deadlines and be responsible for priorities and deadlines for others.
·Develop and use collaborative relationships to facilitate the accomplishment of work goals.
·Ability to work with minimum supervision and problem-solving ability.
·Experience in statistical analysis software or predictive modeling will be an added advantage.