Actuarial manager

4 weeks ago


Mumbai, India 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 papersExperience: Minimum 3 years of General Insurance experience in an actuarial or analytics role preferably in Motor LOBCompetencies- 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. Res Q, Emblem) and programming languages (e.g., SQL, Python, SAS) for data analysis and predictive modelingPrimary 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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