Specialist - Pricing - Actuarial - Victor Insurance

2 months ago

Gurugram, India Marsh McLennan Full time

Marsh McLennan is seeking candidates for the following position based in the Gurgaon office


Specialist - Victor Insurance


What can you expect?

  • A chance to work with Industry leaders, global clients and access to latest trends in Insurance domain.
  • Joining a team of actuarial and analytics experts with an average experience of 9 years in the business. On job training on real client projects with mentoring/training from experts.
  • Learn the business: Gain familiarity with the Victor insurance business by learning the product suite at a high level and consulting with various personnel across the company: Underwriters, Actuaries, Accountants, Claims Managers, Database Administrators & others.
  • Perform and develop a wide variety of financial and statistical analysis to help Marsh’s clients quantify the risks they face and make decisions on how best to protect themselves against those risks.
  • Assess predictive models and data visualization dashboards: Develop an understanding and mastery of key insurance ratios & statistics (loss ratios, frequency & severity trends) and support the actuarial & analytics teams within Victor Insurance
  • Work on platforms to develop digital/web based data analytics products using advance analytics and visualization techniques to provide business actionable insights.



What is in it for you?

  • In the technical track, the candidate will be developing sophisticated actuarial and analytics skills sets in assessing complex risk transfer solutions
  • A competitive salary, employee friendly policies, health care and insurance for you and dependants
  • A respectful work environment that values healthy work-life balance
  • Be a member of the elite Data Science Community (DSCo) at MMGS India and work directly with the Knowledge Services leaders to build solutions to support strategic initiatives
  • Future career opportunities across a global organization
  • Curated training programs to bring up to speed with Insurance knowledge


We will count on you to:

  • Reporting key metrics, self-service analytics products and analyse disparate data sets together for patterns and insights.
  • Exploratory data analytics, Predictive models that forecast behaviours and cost and Data story telling by using the best-in-class BI tools
  • Apply functional understanding of product and risk assessment and possible outcomes through scenario testing
  • Analytics orientated approach to solve real business problems.


What you need to have:

  • The candidate should preferably have experience in insurance/reinsurance industry in their modelling/data science team up to 4 years.
  • Cleared 4+ actuarial papers
  • Detailed knowledge of actuarial pricing techniques
  • Hands-on experience in BI tools –Qlik Sense & Tableau and Power BI (Good to have) and Analytics tools R/Python/VBA & techniques to build Model, Validate and implement. For sure having a good data science knowledge by working on some real projects.
  • Applied math / stats skills, including GLM, Bayesian probability, and other machine-learning techniques such as decision tree / random forest etc.


What makes you stand out?

  • Strong academic rigour, and students passing with statistics and data science skills from IIT/NIT/IISC
  • Strong programming skills and technical individual contributor
  • P&C Actuarial experience with a Pricing background (especially in areas of applying regression techniques such as GLM).
  • Ability to take initiatives to strive for improvement in analytics techniques, process and output.


Victor


Victor offers a connected culture of talented, inspired individuals, and a work environment where colleagues can grow and succeed. We value diversity in thought and background and are looking for individuals who are up for the challenge of creating the insurance enterprise of the future. If that’s you, join us on our journey—because together, we are all Victors.

Victor Insurance Managers LLC (“Victor”) is one of the world’s largest managing general underwriters with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $3.7 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 20,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance solutions – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor is committed to building on 65-plus years of experience to develop products that address risk in new and evolving areas. For more information, visit www.victorinsurance.com.


Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.


Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

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