Analyst Responsible for Actuarial Calculations

5 days ago

Gurgaon, Haryana, India beBeeRisk Full time ₹ 24,72,377 - ₹ 46,16,324
Insurance Reserve Analyst

An Insurance Reserve Analyst is responsible for analyzing and estimating reserves for insurance products by state, including performing triangle-based loss reserve reviews and analyses. The analyst must have strong analytical and problem-solving skills, with the ability to analyze complex data and make data-driven decisions.

The ideal candidate will have a bachelor's or master's degree in engineering, economics, mathematics, actuarial sciences, or statistics, with affiliation to IAI or IFOA and 2-6 CT actuarial exams. Experience in the P C insurance industry and advanced skills in Excel, Databricks, SQL, and other relevant tools for data analysis and modeling are also required.

Responsibilities:
  • Collaborate with the rate-filing team to analyze and estimate reserves for insurance products by state.
  • Analyze data and perform actuarial calculations to generate state-specific filing indications for DOI submissions.
  • Manage rate reviews, filings with DOIs, and DOI complaints as well as filings and objections for multiple LOBs.
  • Support monthly quarterly rate updates and processes, rate files, RPC forecasts, and assist in the development and enhancement of rate-filing tools, models, and processes to improve accuracy and efficiency.
Qualifications:
  • Bachelor's or Master's degree in engineering, economics, mathematics, actuarial sciences, or statistics.
  • Affiliation to IAI or IFOA and 2-6 CT actuarial exams.
  • Experience in the P C insurance industry.
  • Advanced skills in Excel, Databricks, SQL, and other relevant tools for data analysis and modeling.
Benefits:
  • Opportunity to work closely with highly experienced world-class analytics consultants.
  • Chance to learn many aspects of businesses that our clients engage in.
  • Training in all aspects of analytics as well as leading analytical tools and techniques.

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