Associate Actuary and SME I

1 week ago

Bengaluru, Karnataka, India Chubb External Full time ₹ 9,00,000 - ₹ 12,00,000 per year
Purpose of Role 

The Pricing & Portfolio Insights Actuary is an integral role within our insurance company, responsible for utilizing sophisticated techniques, such as Generalized Linear Models (GLMs) or more advanced statistical techniques, to develop, calibrate, and implement predictive technical models for pricing and portfolio management purposes. The position requires strong knowledge of actuarial concepts, statistical models, and the ability to provide data-driven insights to support strategic decision-making.

The role is responsible for conducting robust quantitative and statistical analysis of our insurance product offerings and portfolio. It involves analysing complex datasets to identify trends, patterns and insights that serve to improve product performance, optimize portfolio management, and inform strategic decision-making.

In this pivotal role, the Pricing & Portfolio Insights Actuary will collaborate closely with various stakeholders including Underwriting, Actuarial, Risk Management, and the Executive Team in driving evidence-based decisions, promoting profitability, and enabling efficient portfolio management.

Key Accountabilities & Responsibilities
  • Develop, calibrate, and implement technical models using GLMs and more advanced statistical techniques, incorporating relevant variables and factors for accurate pricing and risk assessment.
  • Analyse historical insurance data to identify patterns and trends, and determine the impact of various factors on the models.
  • Conduct rate level reviews to ensure appropriate pricing of insurance products, considering risk exposure, market dynamics, and profitability goals.
  • Collaborate with cross-functional teams to understand business objectives and identify areas where data-driven solutions can drive revenue, growth, renewals, and/or claims efficiency.
  • Enhance technical models over time by incorporating new data sources, refining variables, and exploring innovative modelling techniques.
  • Evaluate the impact of pricing strategies, policy changes, and market shifts on portfolio performance, and make recommendations for adjustments, if needed.
  • Present findings and recommendations to stakeholders, including senior management and underwriting teams, in clear and concise reports and presentations.
  • Work closely with other departments including Underwriting, Claims, Actuarial, Finance, and Risk Management, providing them with the data and insights needed to make evidence-based decisions.
Skills & Experience 
  • Bachelor's degree (or equivalent) degree in a quantitative field such as Actuarial Science, Statistics, or Mathematics.
  • 5+ years of related practical experience, preferably in the commercial insurance sector.
  • Showing good exam progress under one of the Actuarial Societies is preferred.
  • Strong proficiency in statistical modelling techniques, specifically GLMs, and experience with software tools like R or Python.
  • Solid understanding of insurance pricing principles, loss reserving, and risk assessment methodologies.
  • Familiarity with insurance industry regulations, standards, and best practices.
  • Excellent analytical and problem-solving skills, with the ability to translate data into meaningful insights and recommendations.
  • Strong communication skills to effectively convey complex findings and recommendations to both technical and non-technical stakeholders.
  • Attention to detail and ability to work independently, managing multiple projects and deadlines efficiently.
  • Proficiency with data analysis and visualisation tools and platforms will be an added advantage, preferably QlikView/Qliksense, Power BI, etc.

  • Financial Consulting Senior Associate- Actuarial Services

    2 weeks ago

    Bengaluru, Karnataka, India RSM Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, inclusive culture and talent experience and our ability to be compelling to our clients. You'll...

  • Senior Analyst I

    6 days ago

    Bengaluru, Karnataka, India Chubb External Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    About ChubbChubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings,...

  • Senior Analyst I

    1 week ago

    Bengaluru, Karnataka, India Chubb External Full time ₹ 10,00,000 - ₹ 25,00,000 per year

    About ChubbChubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings,...

  • Regional Manager-SME-Sales

    4 days ago

    Bengaluru, Karnataka, India Kotak Life Insurance Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    About The Role   Regional Manager - Channel Acquisition - SME Wholesale Banking  M5-M6 I Mumbai /Delhi/Bangalore  Job Role :-  SME is a part of Wholesale Banking that manages lending business for Small & Medium enterprises with a turnover between 50 to 500 CR. The business is the fastest growing vertical within Wholesale Banking at Kotak and has been...

  • Associate I

    4 days ago

    Bengaluru, Karnataka, India Novo Nordisk Full time ₹ 2,50,000 - ₹ 7,50,000 per year

    Job Description Department - Finance GBS P2P Expense Management CoE Are you passionate about financial operations? Do you have experience in travel and expense auditing? Join our team as an Associate I and be part of a dynamic and supportive environment at Novo Nordisk. Read more and apply today for a life-changing career.About the department You will...

  • Associate I

    4 days ago

    Bengaluru, Karnataka, India Novo Nordisk Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    Job Description Department Finance GBS P2P Expense Management CoE Are you passionate about financial operations? Do you have experience in travel and expense auditing? Join our team as an Associate I and be part of a dynamic and supportive environment at Novo Nordisk. Read more and apply today for a life-changing career.About the department You will be...

  • Associate I

    4 days ago

    Bengaluru, Karnataka, India Novo Nordisk Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    Job Description Department - Finance GBS P2P Expense Management CoE Are you passionate about financial operations and auditing? Do you have experience with travel and expense systems? If so, you might be the perfect fit for our Associate I position Join our Global Finance GBS team in Bangalore and contribute to a dynamic and efficient financial...

  • Associate SME

    4 days ago

    Bengaluru, Karnataka, India Microland Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Job Description:Hi Navya Hadige (Microland), Please find the below:Job Title:SOAR Automation SME – Securonix SpecialistLocation: BangaloreJob Type: Full-TimeExperience: 6+ in SOAR, SIEM, and Automation DevelopmentJob Summary:We are seeking a dynamic and proactive SOAR Automation SME with hands-on expertise in the Securonix platform. The ideal candidate...

  • Client Services Associate I

    4 days ago

    Bengaluru, Karnataka, India ICON plc Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    Client Services Associate I - India, Bangalore - Hybrid, Office-BasedICON plc is a world-leading healthcare intelligence and clinical research organization. We're proud to foster an inclusive environment driving innovation and excellence, and we welcome you to join us on our mission to shape the future of clinical developmentWe are currently seeking a Client...

  • Senior Associate I

    2 days ago

    Bengaluru, Karnataka, India Novo Nordisk Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    Job Description Department - Finance GBS P2P Expense Management CoE Are you passionate about finance and accounting? Do you have a knack for managing travel and expense systems? If so, you might be the perfect fit for our Senior Associate I position Join our Global Finance GBS Bangalore team and make a difference in our financial operations. Read more...