Actuarial Role - Analytics

Actuarial Opportunity (Analytics)

Main tasks/activities/responsibilities:

- Build spreadsheet and programmed models with new methods and functionality

- Produce user guides and actuarial documentation for these models

- Analyze existing data for trends in loss cost, reporting delay, etc.

- Investigate differences in frequency and severity for different lines of business: Aviation, Engineering and Marine

- Investigate and model the relationship between rating factors and claims to build a good loss cost model

- Study and propose changes to the benchmark rates and claims inflation factors

- Update parameter defaults for frequency / severity models

- Analyze industry data to better understand loss drivers, rate changes

- Transfer submission data to the model and check underwriter entries

- Complete first pass modeling when necessary

- Help underwriters on problems occurring using the pricing tool

- Develop reports useful for managing the portfolios

- Ensure operations are implemented according to internal guidelines and best practice.

- Maintain high quality of documentation of model/tool works and projects.

Job requirements:

- Graduate/Post Graduate (Mathematics/Statistics/Engineering/Physics/Computer science/Actuarial qualification or equivalent quantitative trainings)

- Strong Knowledge in Insurance / Reinsurance concepts with experience in insurance pricing and model development.

- Overall 5 + years of working experience preferably in the financial service sector. Prior experience in a team handling role will be an added advantage.

- Demonstrated passion towards people development

- A strong change catalyst