General Insurance Actuary Role

4 days ago

Mumbai, Maharashtra, India beBeeActuary Full time ₹ 1,50,00,000 - ₹ 2,50,00,000
Actuarial Professional for General Insurance Reserving

We are seeking an experienced Actuary with expertise in non-life/general insurance and reserving techniques to join our team. The ideal candidate will have a strong background in actuarial science, with at least 5 years of experience in domestic insurance markets and knowledge of IFRS 17/IND AS 117.

  • Reserving and capital modeling: Develop and maintain deep technical knowledge in Excel modeling skills, present internally and externally on areas of technical specialist knowledge, and develop reports and presentations for clients.
  • Pricing and product filing: Have good technical understanding of pricing and product filing concepts, including the ability to put across complex technical issues and solutions to non-actuaries.

The successful candidate will be responsible for executing projects in the Actuarial space, working closely with the team to develop consistent standards and best practices, and contributing to wider opportunities within the organization.

Key Responsibilities:
  • Play a proactive role within a multi-disciplinary team in supporting client engagements spanning across reserving, product development and pricing, statutory reporting, solvency assessment, IFRS 17 implementation, and business planning.
  • Develop cutting-edge proposals for winning new and different clients/engagements and work closely with the team to develop consistent standards and best practice.
  • Build appropriate Excel models for projects, allowing for client product features and relevant regulations, and lend support on strands of research and specialisms work aimed at providing key insights to help clients/consultants.
Essential Skills and Qualifications:
  • Strong technical knowledge in actuarial science, including reserving techniques, pricing, and product filing.
  • Good communication and interpersonal skills, including the ability to put across complex technical issues and solutions to non-actuaries.
  • Proven ability to balance priorities and manage many competing demands to agreed deadlines and to the required level of quality.
Desirable Skills and Qualifications:
  • Working knowledge of tools like R, Python, SAS, SQL etc.
  • Knowledge of the latest accounting standard (IFRS17) which is being implemented across various geographies across the world.
  • Confidence in speaking and expressing views through a variety of platforms like publications (internal/external), seminars etc.
Benefits:
  • Competitive salary and benefits package.
  • Opportunities for professional growth and development.
  • Collaborative and dynamic work environment.

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