Senior Manager - Actuarial Reserving

Senior Manager/Manager & Actuary – RESERVING TEAM

Location: Bengaluru, India

Job Summary

This is an opportunity to be part of a well-established and growing team that supports the Reserving & Reserve Reviews Process.

We are looking for an Manager/Senior Manager with 10-12 years of experience in the P&C Insurance business and a Fellow Reserving Actuary. The ideal candidate is a self-learner and a strong team player.

Responsibilities

• Work closely with onshore actuaries throughout the reserving process, which includes data preparation, strategic analysis, and reconciliations.
• Analyze and document the reasons for changes in Actuals vs Expected by Region and Line of Business on a monthly and quarterly basis.
• Prepare Internal & External Audit reports and relevant Exhibits by sourcing, formatting, and aggregating data from multiple sources on a semi-annual basis.
• Validate Reserving Assumptions and selections in ResQ.
• Summarize Final exhibits like Triangles, Ultimates, and Loss ratios for Re-Insurance treaty sign-off.
• Handle ad-hoc requests from onshore and perform work with minimal assistance.
• Guide and support junior team members by instructing them on processes and resolving their doubts.
• Actively participate in developing the team's training needs and foster a culture of learning.
• Manage and assist a team of analysts in performing the above tasks and manage stakeholder relationships.

Required knowledge, Skills and qualifications.

• Strong knowledge of analytical skills on large data and reserving techniques.
• Fellow Actuary from IAI or IFoA or SOA or CAS.
• Experience in P&C insurance is preferred.
• Strong knowledge of MS Office applications (especially Excel, SQL, VBA). Experience with BRIO, Qlik, ResQ, R, Power Query/Power BI is a added advantage.
• Preferably a Graduate/Postgraduate in Actuarial Science, Mathematics, Statistics, or Economics/Metrics.
• Strong analytical thinking and an eye for detail.
• Excellent communication skills to foster frequent stakeholder interactions.
• A team player with the ability to collaborate effectively to achieve team goals.
• A passion for continuous learning and a focus on building a long-term career.
• An innovative approach focused on adding value to existing processes.

Actuarial Study Program

• We offer an excellent study program to support those who pursue actuarial studies, including study leave and monetary benefits.

Note

• Shift timing: 11:00 AM to 8:00 PM