Actuarial Analyst

3 weeks ago


Mumbai, Maharashtra, India AU Small Finance Bank Limited Full time
Job Summary

This role involves working with the Head of Product to develop and enhance pricing models for motor insurance products, ensuring they align with business objectives and regulatory requirements. The ideal candidate will have experience in motor pricing within the P&C actuarial domain, including reserving, pricing, risk management, and capital modeling.

Key Responsibilities

- Develop and enhance pricing models for motor insurance products
- Analyze data and trends to optimize pricing structures and improve underwriting profitability
- Collaborate with underwriting, claims, and finance teams to assess and mitigate risks effectively
- Conduct regular performance reviews and monitor key metrics to evaluate pricing effectiveness
- Stay updated with market trends, competitor analysis, and regulatory changes impacting motor insurance

Requirements

- Academic background in Mathematics, Physics, Engineering, Statistics, Economics, or Actuarial Science
- Minimum 7 actuarial exams and continuing to write in the future
- Part-qualified actuary with minimum 3 years' experience in motor pricing within the P&C actuarial domain

Preferred Skills

- Strong IT skills, including experience with SQL, Excel, VBA, R, and Python
- Proactive, agile, and highly responsive towards achieving goals
- Strong interpersonal skills, able to successfully build and maintain networking relationships
- Problem solver with ability to overcome issues and barriers to implement complex solutions
- Persistent and resilient to resolve complex problems

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