Marsh & McLennan - Senior Manager - Pricing Actuarial Risk Consulting

2 weeks ago


Mumbai, Maharashtra, India MMC Full time

We are looking for a talented and dynamic individual to join our Risk Consulting team at Knowledge Services.

- This role is based in Mumbai.

- This is a hybrid role that has a requirement of working at least three days a week in the office.

- The Emerging Risks Group (ERG) is one of the fastest growing verticals under the Strategic Risk Consulting arm of Marsh Advisory and work in areas of Cyber, Climate, Supply Chain, Geopolitics, and other portfolio of risks.

- The actuarial colleagues within supports to build and run models to deliver client projects.

- The ERG is seeking candidates for the following position based in either Hiranandani, Mumbai or DLF Cyber City, Gurugram office:.

Manager/Senior Manager, Actuarial Risk Consulting.

We will count on you to:.

- Assess the need, effectiveness and discovery of new data sources and data gathering techniques through extensive research.

- Conduct comprehensive actuarial analysis and Modeling to assess Cyber risk exposures, utilizing Monte Carlo simulations to project potential scenarios and evaluate risk outcomes.

- Develop new and enhance existing actuarial models, incorporating statistical techniques and algorithms to analyse and predict risk exposures and potential losses.

- Leverage Python to build models - beginner to moderate level experience in Python will stand in good stead.

- Utilize Excel extensively for data analysis, modelling, and reporting purposes, ensuring accuracy and efficiency in calculations and data manipulation.

- Analyse frequency and severity distributions to estimate probabilities and impact of potential cyber incidents, utilizing appropriate statistical methods and actuarial techniques.

- Calculate VaR and TVaR, providing insights into potential losses and risk appetite, and effectively communicate findings to stakeholders.

- Collaborate with cross-functional teams, stakeholders to analyse and manage Cyber risk exposures, while also exploring and assessing other emerging risks.

- Prepare reports, presentations, and communicate complex actuarial concepts to both technical and non-technical audiences, including senior management and external stakeholders.

- Continuously enhance technical expertise, keeping up to date with actuarial standards, industry best practices, and emerging actuarial techniques.

- Communicate the solution, its parameters, its assumptions and its inner workings to audiences who vary widely in their levels of technical fluency and seniority.

What you need to have:.

The candidate must possess the following attributes:.

- We're looking for someone with 5 to 8 years of experience building statistical models and associated data architectures.

- 5+ years Actuarial experience with a pricing background or reserving.

- A degree in Science/Engineering.

- Preferably part qualified Actuary.

(ref:iimjobs.com)

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