Chief Actuarial Manager

4 days ago

Mumbai, Maharashtra, India Liberty General Insurance Ltd Full time ₹ 20,00,000 - ₹ 25,00,000 per year

DVP & Chief Actuarial Manager

Description

Primary Responsibilities:

  • Motor TP modelling and reserving: create robust predictive models using Motor TP data to guide sourcing strategy and provide reserving insights at a segmented level.
  • Pricing and product development: collaborate with product management team to price new products/add-ons that achieve the Company's economic goals.
  • Risk Based Capital: assess the Company's solvency position using the prescribed capital framework and be able to communicate key insights to management.
  • Regulatory Reporting: assist with the compilation of regulatory reports like the FCR, IBNR Report, ALM, ECR etc.
  • Monitor portfolio performance: evaluate various diagnostic tools to assess how written business is performing relative to models.
  • Partner with Underwriting, Sales, Finance and Claims functions.

Working Relationships:

Internal:

  • Underwriting
  • Distribution
  • Finance & Investments
  • Compliance
  • Operations, Claims, IT

External:

  • IRDAI& GI Council

Competencies:

  • Strong knowledge of general insurance, products and pricing including relevant policy, regulatory and compliance frameworks.
  • Experience with predictive modelling and portfolio management.
  • Excellent interpersonal skills, the ability to build relationships and influence management

Key Requirement:

  • 5 years of general insurance experience in actuarial department and 2 years as an Actuarial Manager.
  • Expertise in Excel, SAS/SQL required.
  • Expertise in predictive modelling preferably Emblem.
Qualifications

Graduate / Postgraduate. The candidate should have cleared 11-12 actuary papers.

About Us

**This position may have in-office requirements depending on candidate location.**

At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.

Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates—as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit:

We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit:

Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.

Fair Chance Notices

  • California
  • San Francisco
  • Los Angeles
  • Philadelphia

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