Actuarial Risk Analyst
3 days ago
Kshema General Insurance Limited is a pioneering digital agri-insurance company catering to farmers in India. We empower cultivators with resilience against financial distress due to climate events and perils through localized insurance products.
We have a pan-India presence with over 500 employees on board, along with 500 contractors. Our team is dedicated to providing cutting-edge insurance solutions using technology.
Job SummaryThe Actuarial Risk Analyst will play a pivotal role in supporting our reserving functions. This position involves assisting in estimating technical reserves, analyzing data, and contributing to the development and implementation of reserving strategies.
The ideal candidate will work closely with senior actuaries and other departments to ensure the accuracy and adequacy of reserve estimations.
Key Responsibilities- Assist in the monthly, quarterly, and annual reserving process, ensuring compliance with regulatory requirements and internal policies.
- Analyze historical data and trends to support reserve estimations and adjustments.
- Contribute to the development and refinement of reserving methodologies and models.
- Collaborate with the claims, finance, and underwriting teams to provide insights from reserving analyses.
- Prepare and present reports and findings to senior actuaries and management.
- Support the actuarial team in responding to queries from auditors and regulators regarding reserving practices and figures.
- Stay updated with industry trends, regulatory changes, and best practices in reserving.
- Progress towards actuarial qualifications with a recognized actuarial body (e.g., Institute of Actuaries of India) is highly desirable.
- 1+ years of prior experience in an actuarial function within the insurance industry is advantageous, especially in reserving or related areas.
- Proficiency in MS Office Suite, VBA, and Python along with the use of emerging technologies like GPTs and Power Platforms is desirable.
- Strong analytical and problem-solving skills.
- Strong attention to detail and ability to handle complex data.
- Good communication skills, with the ability to present findings clearly and concisely.
- A team player with a proactive approach to tasks and projects.
₹50,00,000 - ₹60,00,000 per annum
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