Actuarial Reserving & Pricing Role - General Insurance

- Work closely with Senior Actuarial professionals to aid in Reserving, Regulatory Reporting and Capital Modelling.

- Build and lead a team of motivated actuarial personnel with varied skill sets to handle a variety of reserving models and capital modelling projects.

- Undertake Reserving valuation analysis across all lines of business and evaluate any areas of uncertainty to estimate their potential impact on reserves.

- Ensure error-free and compliant regulatory reports as per internal business processes with clear documentation and explanation, to ensure reports comply with the regulatory reporting norms, adhere to regulatory timelines, and correctly reflect the Company's financial position.

- Keep up internal reserving practices abreast with market good practices and actuarial professional standards.

- Be custodian of reserving and reporting processes and oversee that the process is well laid out and followed. Reserving and reporting process includes aspects (but not limited to) like ensuring high quality data, model building, review of assumptions and key performance indicators, model validation, updating of models, estimation of final reserves after due considerations.

- To address Regulatory concerns and ensure compliance and smooth processing of Year End Valuations. To build working relationship with the Regulator.

Experience and Qualifications:

Background Education :

- Graduation from best colleges will be preferred. Post graduation in areas of finance will be even better suited. However, the below mentioned professional qualification will be primary criterion for education.

Professional Qualification :

- Fellow or Associate of IAI or an Internationally Recognized society.

Experience : around 5-10 years of work experience in actuarial areas of General Insurance or Health Insurance.

CTC : 25lpa

Location : Mumbai Goregaon

- Working knowledge of data handling software like SAS, ResQ and other reserving Software. Past experience in Estimating Reserves and building Stochastic models, Regulatory Reporting, analysis of change is important.

- Excellent communication skills. Candidate must have the ability to succinctly articulate actuarial concepts to non-actuarial stakeholders.

- Experience in dealing with Finance Teams.

- Knowledge of Indian GI Insurance market would be an advantage.