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Assistant Vice President/ Vice President

3 months ago

Mumbai, Maharashtra, India Marsh India Full time
Marsh India Insurance Brokers Pvt Ltd is seeking candidates for the following position based in the Mumbai office:

Assistant Vice President/ Vice President - Actuarial (Non Life) - Treaty Reinsurance Guy Carpenter.


We will count on you to:Provide actuarial and financial modelling consulting services to clients and colleaguesModel the probability distributions of the gross/ceded/net underwriting results of an insurance company clientWork with the catastrophe modelling team to understand natural peril drivers of clients' financial performance and the influence of natural perils on primary pricingSupport the renewal process through reinsurance pricing analysis and support of the broking team in negotiations with reinsurers.

Analyze how the distribution of results and relevant risk measures changes as a result of applications on various proposed reinsurance alternativesUtilise cost/benefit analysis to advise brokers and clients optimal reinsurance programs based on risk tolerance levelRespond to client queries and concerns, resolving issues promptly and monitoring market trends, actuarial related development, and client changes jointly with the Client Manager;Provide technical training to clients and colleagues, and stay well informed on regulatory developments in the region.

Using intensive actuarial, insurance and products training to structure, negotiate and assist in selling reinsurance arrangements that optimize economic value for insurers/clients based on products' best estimate assumptions;Ability to work in conjunction with Global Guy Carpenter team on actuarial reserving tools, applying the various actuarial reserving methods for arriving at exposure risk analysis for insurance company's.

Client management and consistent deliverability of Marsh/Guy Carpenter offerings with a focus on servicing current relationship and expanding the opportunities in the existing base in addition to new clients.

What you need to have:5-7 years commercial experience, reinsurance or primary pricing experience preferred.
Bachelor's degree in Actuarial Science or related quantitative field such as Mathematics or Statistics


What makes you stand out?Excellent communication, presentation and project management skillsStrong ability to handle significant workflow through efficient time managementStrong ability to identify and solve potential problems in their specialty and develop creative solutionsUnderstanding of the product lines, and the global and regional industry conditions to identify significant considerations that insurers should address in designing their programsWell-versed in Microsoft Office software and programming languages, e.g.

R-Studio, Python , AlteryxAbility to work autonomouslyProgress towards professional actuarial qualification, e.g. FCAS, FIAA, or FIA .

Guy Carpenter & Company, LLC


is a leading global risk and reinsurance specialist with more than 3,500 professionals in over 60 offices around the world.

Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth.

Guy Carpenter is a business of

Marsh McLennan

(

NYSE:
MMC), the world's leading professional services firm in the areas of risk, strategy and people. The company's 85,000 colleagues advise clients in over 130 countries. With annualized revenue of over $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including

Marsh ,

Mercer

and

Oliver Wyman . For more information, visit

follow us on

LinkedIn

and

X .

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment.

We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, sexual orientation, caste, gender identity 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.