Actuary

3 days ago

Mumbai, India Parati Full time

**Job Role**:
Actuary

We are seeking a skilled and experienced actuary with expertise in breakage analysis to join our team. As an actuary specializing in breakage analysis, you will play a crucial role in redemption and revenue recognition analysis and financial impact assessments. A background in the aviation industry is not required, however, a strong background in actuarial science and a proven track record in breakage analysis are essential.

**Responsibilities**:

- Conduct breakage analysis to evaluate the financial impact of unused ticket credits, loyalty program points, redemption rates and other contractual obligations within the aviation industry.
- Conduct in-depth analysis of historical data, industry trends and benchmarks, and market dynamics to identify patterns, anomalies, and factors influencing breakage rates and customer redemption behavior.
- Perform financial modelling and forecasting to evaluate the impact of breakage rate assumption and expiration policies on costs of redemption, revenue recognition and financial statement outcomes.
- Forecast future breakage rates and incorporate them into financial projections of loyalty program revenues and overall airline performance.
- Prepare comprehensive reports and presentations to communicate breakage analysis results that can be incorporated into financial reporting processes, ensuring compliance with relevant accounting standards.
- Analyze revenue recognition policies across different contract terms, under both IFRS and GAAP.
- Collaborate with auditors to address inquiries and provide necessary documentation and support.
- Stay up to date with industry regulations, accounting standards, and best practices related to financial reporting and compliance with regulatory standards.

**Requirements**:

- Bachelor's or Master’s degree in Actuarial Science, Accounting, Finance, Mathematics Statistics, or a related field.
- Proven experience as an actuary with expertise in breakage analysis and revenue recognition.
- Proficiency in statistical analysis software and actuarial modelling tools.
- Strong analytical and problem-solving skills with meticulous attention to detail.
- Excellent communication and presentation skills to convey complex concepts effectively.
- Ability to work independently and collaborate with cross-functional teams in the aviation industry.

**Job Type**: Contract
Contract length: 3 months

**Salary**: ₹410,410.03 - ₹1,489,827.72 per year

Schedule:

- Monday to Friday

Ability to commute/relocate:

- Delhi, Delhi: Reliably commute or planning to relocate before starting work (required)

Application Question(s):

- How many years of experience do you have in breakage analysis?
- How many years of experience do you have in statistical analysis?
- Are you willing to work on a contract basis? (Kindly note this is a contractual opportunity)
- Are you a qualified actuary?

**Experience**:

- an Actuary ? (required)

Work Location: One location

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