General Insurance Leadership Director

4 days ago


Mumbai, Maharashtra, India beBeeActuary Full time ₹ 1,75,00,000 - ₹ 2,37,50,000
Job Title: Lead Actuary

About the Role:

  • Manage a team of actuaries across multiple functional areas (pricing, reserving, reinsurance, capital modeling, etc.) to drive business growth and profitability.
  • Develop and implement actuarial strategies aligned with organizational goals, ensuring accurate and competitive pricing strategies.
  • Provide expert advice to executive leadership on product pricing, portfolio optimization, and profitability, leveraging advanced analytics and risk assessment techniques.
  • Oversee the development and maintenance of rating models for P&C products, working closely with underwriters and product teams to ensure seamless integration.
  • Collaborate with cross-functional teams to develop and enhance actuarial processes, incorporating the latest digital tools and industry best practices.
  • Direct the preparation and analysis of loss reserves and technical provisions in accordance with IFRS, GAAP, and/or Solvency II, providing strategic insights to senior management and external stakeholders.
  • Present reserve estimates to senior management and external stakeholders, including auditors and regulators, ensuring compliance with regulatory requirements.
  • Monitor reserve adequacy and trends, conducting deep-dive reviews and diagnostics to inform business decisions.
  • Guide the development and validation of internal models (e.g., Solvency II, RBC) to assess capital requirements, working closely with IT and data teams to ensure robust digital infrastructure.
  • Contribute to risk appetite frameworks, stress testing, and ORSA processes, providing strategic insights to inform business decisions.
  • Build and mentor a high-performing actuarial team, fostering a culture of innovation and continuous learning, particularly in digital actuarial techniques and analytics.
  • Stay up-to-date with industry developments, emerging trends, and regulatory changes, applying this knowledge to drive business growth and improvement.
  • Lead efforts to continuously enhance actuarial methodologies, incorporating the latest digital tools and industry best practices.
  • Identify areas where digital tools and automation can improve efficiency, reduce errors, and provide deeper insights into risk and pricing models, implementing solutions to drive business value.

Required Skills and Qualifications:

  • Advanced degree in Actuarial Science, Mathematics, or related field.
  • Professional certification as an Associate of the Casualty Actuarial Society (ACAS) or Fellow of the Casualty Actuarial Society (FCAS).
  • Proven track record of leading high-performing teams and driving business growth through innovative actuarial strategies.
  • Strong analytical and problem-solving skills, with ability to communicate complex ideas to non-technical stakeholders.
  • Experience working with rating models, loss reserves, and technical provisions, with knowledge of IFRS, GAAP, and/or Solvency II regulations.
  • Excellent communication and interpersonal skills, with ability to work collaboratively across functions to achieve business objectives.
  • Proficiency in advanced analytics tools, such as Python, R, or SQL, with experience working with big data and machine learning techniques.
  • Knowledge of healthcare regulations, such as HIPAA and ACA, with ability to apply this knowledge to drive business growth and improvement.

Benefits:

  • Competitive salary and bonus structure.
  • Comprehensive health insurance package.
  • Retirement plan with company match.
  • Flexible work arrangements, including remote work options.
  • Professional development opportunities, including training and education assistance.

Others:

  • Opportunity to work with a dynamic and forward-thinking organization, driving innovation and excellence in the insurance industry.
  • Collaborative and inclusive work environment, with opportunities to build strong relationships with colleagues and stakeholders.
  • Chance to make a meaningful impact on the business, driving growth and improvement through innovative actuarial strategies.


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