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Senior Reserving Actuary

3 weeks ago


Solapur, Maharashtra, India beBeeActuary Full time ₹ 12,00,000 - ₹ 16,50,000
Pension Reserve Analyst Position

Our insurance sector-focused practice is a multidisciplinary group offering strong quantitative expertise and thought leadership.

We help clients turn risk into opportunity by combining science and art to develop solutions to their most pressing challenges around risk and insurance.

Main Responsibilities:
  1. Analyze and estimate reserves for P&C insurance products, including performing loss reserve reviews and analyses.
  2. Apply various reserving methods and techniques to estimate liabilities, such as loss development, loss ratio, and loss triangle analyses.
  3. Analyze data and perform actuarial calculations to assess risks and determine appropriate reserve levels.
  4. Stay updated with industry trends and regulatory changes related to reserving, including Solvency II or IFRS 17 requirements.
  5. Prepare and present actuarial findings and recommendations to management and other stakeholders.
Requirements:
  • Bachelor's/Master's degree in engineering, economics, mathematics, actuarial sciences, statistics.
  • Affiliation to IAI or IFOA, with at least 8-9 CT actuarial exams, SP7 will be an added advantage.
  • At least 5yrs+ Actuarial experience in the P&C insurance industry.
  • Strong reserving experience or good knowledge of reserving methods and techniques.
  • Advanced skills in Excel, VBA, SAS, and other relevant tools for data analysis and modeling.
  • Excellent analytical and problem-solving skills, with the ability to analyze complex data and make data-driven decisions.
  • Ability to work independently and collaboratively in a team-oriented environment.

Please note that we are looking for individuals who can demonstrate exceptional analytical skills and the ability to work independently. If you have a passion for actuarial science and a desire to work in a fast-paced environment, we encourage you to apply.