Actuarial Analytics Expert

Job Opportunity

We are seeking a highly skilled professional to join our Actuarial team. This role will be based in Mumbai and involves working on a hybrid basis, with at least three days per week spent in the office.

Key Responsibilities:

• Developing Analytics-Based Solutions: Establish and implement new market-leading analytics-based tools to assess and mitigate risk.
• Complex Model Development: Develop complex models to assess risk and viability of risk mitigation solutions.
• Client Issue Examination: Examine client issues further that may not be clear and develop recommendations for analysing and mitigating risk.
• Business Growth: Identify opportunities for new and existing business with small to mid-sized clients.
• Analytics Delivery: Deliver analytics-based tools to help internal and external clients quantify and mitigate risks.
• Project Management: Assist in the management of small to mid-sized projects to direct the team in developing analytics-based tools.
• Model Enhancement: Build new or enhance existing experience and exposure based models for risk (like D&O, Cyber, Employment practice liability, Aviation etc.).
• Industry Model Development: Develop industry based models to be used for various clients.
• Process Improvement: Improve and automate the process to minimise manual intervention.
• Pricing Research: Research and develop pricing models for Specialty Clients.
• Junior Resource Training: Train junior resources on interpreting and estimating appropriate results.
• Technical Pricing Estimation: Estimate technical prices and come up with layer efficiency for different insurance layers.

Requirements

• Experience: 6+ years of experience in P&C Actuarial experience with a Pricing background.
• Education: A degree in Statistics/Mathematics/Actuarial/Computer Science/Engineering.
• Actuarial Exams: Completed at least 7 Actuarial exams (according to new curriculum).
• Preferred Papers: Preferable papers as per old curriculum (CT3, CT4, CT6, ST8) or new curriculum (CS1, CS2, SP8).
• Knowledge: Detailed knowledge of actuarial pricing techniques.
• Skills: Detail orientation, communication and interpersonal skills.
• Software Skills: Excellent Microsoft Office skills, particularly in Excel (including VBA) and PowerPoint.
• Programming Skills: Good programming language skills on Python or R.
• Data Visualization: Excellent data visualization and report-making skills.

What Makes You Stand Out?

• Communication Skills: Strong communication skills with an ability to work in a team.
• Commercial Sense: A commercial sense to apply proportionality to the depth of analytics used versus desired output.
• Initiative-Taking: Ability to take initiatives to strive for improvement in analytics techniques, process and output.
• Statistics Skills: Statistics skills, including GLM, Bayesian probability, and other machine-learning techniques such as decision tree / random forest, etc.

Benefits

• Professional Development: We offer professional development opportunities, interesting work and supportive leaders.
• Vibrant Culture: Our vibrant and inclusive culture enables you to work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Career Opportunities: Our scale provides a range of career opportunities, as well as benefits and rewards to enhance your well-being.

About Us

• Our Company: We are a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.
• Our Values: We commit to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.
• Hybrid Work: We adopt hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.