Actuarial Manager

13 hours ago

Mumbai Maharashtra India, Maharashtra Liberty General Insurance Full time

Academic Requirement - Graduate / Post Graduate degree in Mathematics, Computer Science, Economics or Statistics, Strong progress in Actuarial Exams, Should have completed atleast 5 Actuarial papers

Experience: Minimum 3 years of General Insurance experience in an actuarial or analytics role preferably in Motor LOB

Competencies

  • Analytical Skills: Strong mathematical and statistical abilities to perform
  • complex calculations and analyze data effectively.
  • Communication Skills: Exceptional ability to explain complex actuarial
  • concepts to non-actuarial stakeholders and lead a team effectively.
  • Technical Proficiency: Familiarity with actuarial software (e.g. ResQ, Emblem) and programming languages (e.g., SQL, Python, SAS) for data analysis and predictive modeling



Primary Responsibilities-

  • Monitoring of KPIs in Motor LOB
  • Drive implementation of IFRS 17 and RBC frameworks
  • Leverage internal and industry data to create predictive models that can be used for portfolio pricing and monitoring
  • Prepare supporting material for valuation submission
  • Collaborate with key internal stakeholders like, finance, retail and underwriting, to develop strategies to mitigate risk
  • Hands on with Motor LOB & Predictive modeling
  • Conduct independent research and present data findings as assigned
  • Prepare and present reports on findings and recommendations to senior management/ stakeholders.
  • Involve in product development and product pricing ensuring they are competitive and profitable
  • Ensure compliance with regulatory requirements and stay updated on industry trends and developments.
  • Prepare documentation for rate reviews, pricing models, and regulatory filings

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