Actuarial/Actuary Role
2 months ago
Role: Actuarial/ Actuary
Experience: 2+ years
Comms Skills: Excellent
Location: Mumbai and Bangalore
Incentives: Yes
Transport: Yes
Work Mode: Hybrid, UK Shift
Week off: Sat & Sun
Tools or Skills required:
- Cleared minimum 2 papers in Actuarial science, 2+ years of experience in General Insurance (Life insurance is not accepted).
- Should have exp in P&C, Reserving or Pricing.
- Should have willingness to be part of Actuarial team in long run.
- Stability in each Organization
Candidate Responsibilities:
- The candidate will work in Reinsurance Pricing/Reserving teams for business lines like Property & Casualty, Motor, and/or Specialty lines like Aerospace and Marine.
- The teams provide pricing/reserving of contracts and dynamic portfolio optimization for international clients, serviced via our international offices.
- The principal responsibilities for the candidate will be:
- Data cleansing and processing to facilitate actuarial analysis
- Assist onshore stakeholders and Actuaries in performing Actuarial Pricing/Reserving Analysis such as Experience rating and Exposure rating for building a comprehensive, multi-dimensional loss model in accordance with client risk profiles and industry norms
- Estimating reinsurance pricing/reserving and determining optimal Reinsurance Strategies
- Prepare and provide reports and decks for the performed analyses
- Contribute towards the Industry studies and Benchmarking activities, that aim at promoting Gallagher Re as thought leader in reinsurance marketplace
- Contribute to development of innovative concepts, tools or automating current Graduate/Post-graduate, preferably in Stats/Maths/Eco/Commerce
- A student member of any of the following institutes:
- Institute of Actuaries of India (IAI)
- Institute of Faculties of Actuaries - UK (IFoA)
- Min. 2 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further
- A relevant internship or industry experience of 2 - 5 years will be an added advantage
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