Senior Actuarial Leader

6 hours ago

Mumbai, Maharashtra, India beBeeRisk Full time ₹ 1,50,00,000 - ₹ 2,20,00,000
Insurance Leadership Opportunity

About the Position

  • Lead a team of actuaries across multiple areas, including pricing, reserving, reinsurance, capital modeling, etc.
  • Develop and implement actuarial strategies aligned with business objectives.
  • Advise executive leaders on product pricing, portfolio optimization, and profitability.

Key Responsibilities:

Pricing & Product Support
  • Oversee development and maintenance of rating models for property and casualty products.
  • Collaborate with underwriters and product teams to ensure accurate and competitive pricing strategies.
  • Provide actuarial input in new product development and enhancements.
Reserving & Financial Reporting
  • Direct preparation and analysis of loss reserves and technical provisions in accordance with IFRS, GAAP, and/or Solvency II (as applicable).
  • Present reserve estimates to senior management and external stakeholders, including auditors and regulators.
  • Monitor reserve adequacy and trends; conduct deep-dive reviews and diagnostics.
Capital Modeling & Risk Management
  • Guide development and validation of internal models (Solvency II, RBC) to assess capital requirements.
  • Contribute to risk appetite frameworks, stress testing, and ORSA processes.
  • Provide insights on risk-adjusted performance measures and support economic capital allocation.
Team Development & Governance
  • Build and mentor a high-performing actuarial team; oversee recruitment and professional development.
  • Ensure compliance with actuarial standards of practice, regulatory requirements, and internal governance policies.
  • Liaise with regulatory bodies and external auditors as the actuarial point of contact.
Cross-Functional Collaboration
  • Technology Integration: Partner with IT and data teams to support actuarial models and risk assessments with robust digital infrastructure.
  • Collaboration with Business Units: Work closely with business development, marketing, and product teams to align pricing models and risk assessments with company objectives and customer demands.
  • Regulatory & Compliance: Ensure all actuarial processes and models comply with relevant regulations while leveraging digital tools for regulatory reporting and compliance tracking.

Requirements and Qualifications

  • Strong technical background in pricing, reserving, and/or capital modeling.
  • Prior experience working with regulatory frameworks such as Solvency II, IFRS 17, or RBC.
  • Advanced knowledge of actuarial software and tools.
  • Excellent communication and presentation skills for technical and non-technical audiences.
  • Strategic thinker with commercial acumen and business insight.
  • High ethical standards and strong problem-solving orientation.

Benefits

The ideal candidate will possess a unique blend of technical expertise, business acumen, and leadership skills.

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