Actuarial Analyst - Consulting Firm

Actuarial; Analyst

Responsibilities:

- Collaborate with the Reserving Team to analyze and estimate reserves for our P&C insurance products, including performing loss reserve reviews and analyses.

- Apply various reserving methods and techniques to estimate liabilities, such as loss development, loss ratio, and loss triangle analyses.

- Analyze data and perform actuarial calculations to assess risks and determine appropriate reserve levels.

- Conduct research and stay updated with industry trends and regulatory changes related to reserving, including Solvency II or IFRS 17 requirements.

- Prepare and present actuarial findings and recommendations to management and other stakeholders.

- Collaborate with other departments, such as underwriting and finance, to ensure reserve estimates align with business goals and financial reporting requirements.

- Assist in the development and enhancement of reserving tools, models, and processes to improve accuracy and efficiency.

- Provide support in the preparation of financial reports, including reserve-related disclosures.

- Stay updated with best practices in actuarial reserving methodologies and techniques.

- Mentor and provide guidance to junior team members as needed.

Qualifications:

- Bachelor's/Master's degree in engineering, economics, mathematics, actuarial sciences, statistics.

- Affiliation to IAI or IFOA, with 2-6 CT actuarial exams will be an added advantage

- 3-5 years Actuarial experience in the P&C insurance industry

- Strong reserving experience or good knowledge of reserving methods and techniques.

- Experience with Solvency II or IFRS 17 is a plus.

- 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.

- Strong communication skills, including the ability to effectively communicate actuarial concepts to both technical and non-technical stakeholders.

- Ability to work independently and collaboratively in a team-oriented environment.

- Detail-oriented with strong organizational and time management skills.

- Ability to adapt to changing priorities and deadlines in a fast-paced environment.