Assistant Manager/Manager - Non Life Actuary Audit

BNC is hiring for Big 4 for Associate Director - Non Life Actuary audit role for Gurgaon location

- Actuarial Audits: Audit of the client's reserves and systems for true and fair view across Motor, Health, Property and Casualty, Personal and Accident, Health and other lines of business.

- Adherence to Reporting standards (IFRS, IGAAP, USGAAP)

- Review of Assumptions, methodology, controls and results

- Review reserving methodology (e.g. IBNR, PDR, UPR, URR, etc.)

- Understanding client's business model, identifying sources of liability, performing data validation, developing run off triangles and claims pattern, calculating IBNR reserves.

- Validating, creating and/or updating models based on new data/ events (e.g. catastrophe modelling, credit rating model, Risk Models)

- Develop internal models and ERM framework; Own, Risk, and Solvency Assessment (ORSA) reports.

- Develop stress testing models and review capital adequacy requirements for insurance companies as per local regulations.

- Reviewing reinsurance agreements, monitor experience with reinsurance, reinsurance structure and structuring solutions.

- Assist clients with understanding and implementation of IFRS 17 regulations along with any review exercises. This will also include any support with system transformation required

Desired Candidate Profile

- Graduate/Post graduate with a strong background in mathematics or statistics. Member of Institute of Actuaries (UK) and/or Institute of Actuaries of India and must of passed at least 8 actuarial exams from either of these institutes including CS2, SP7/SP8

- 8 + years of Non-life actuarial experience with knowledge in reporting - reserving, business planning, pricing etc. Understanding of IFRS 17 preferred. Knowledge of stochastic modelling and proxy modelling is a plus