Senior Actuarial Analyst (P&C)

Senior Analyst - Actuarial P&C Actuarial Services, Facultative

About the Position

This position is part of Actuarial Services and Data Insights P&C team in Bangalore. The focus area would be building Actuarial Models to price facultative Reinsurance business, calibration of parameters, maintenance of Actuarial pricing tools, and providing training and support to the Underwriters.

In this role, you will give actuarial advice to facultative underwriters worldwide on more sophisticated and large risks or portfolios.

This position will be based out of Bangalore, India.

Principal Responsibilities:

• Be an active member in squads working on Actuarial Models, calibrating parameters like Rates, Exposure Curves, Benchmarks, ILFs, and development & trend factors.
• Participate in various Global Rate Review projects using sophisticated analytics tools like Palantir, R, Python, etc.
• Build & maintain dashboards and reports for actuarial and data insights using various data visualization techniques in Palantir or MS Power BI.
• Work in collaboration with Underwriters across the globe and provide actuarial advice/consultancy for complex deals.
• Prepare technical actuarial documentation and user guides, upload model parameters, and test the correctness/impact estimation.

About You:

• University Graduate/Postgraduate degree in Mathematics, Statistics, Actuarial Science, Engineering, Computer Science, or Science.
• Relevant Working Experience of 4-7 years in the Insurance/Reinsurance Industry - preferably with experience in a pricing role.
• Willing to pursue Actuarial Science from any recognized professional body (IAI, IFoA, or SOA/CAS) and has a deep understanding of Insurance/Reinsurance concepts.
• Skilled in statistical and data analytics software and packages like R, Python, Power BI, etc.
• Proficient in Actuarial methods widely used in General Insurance Pricing.
• Inquisitive and willing to learn new technology and methods.
• Good oral and written communication skills.
• Experience of working in an agile environment in a multicultural distributed team.
• A self-starter and able to tackle problems and develop solutions.
• Basic Project Management know-how is an added advantage.

About the Team:

The Actuarial Services and Data Insights P&C (ASPC) Bangalore Team is part of the Property & Casualty Underwriting Excellence Unit. The team works in close collaboration with the ASPC Team spread across Zurich, London, and the US/Canada.

The focus areas for the team are:

• We are the go-to team for actuarial advice and perform the risk assessment for complicated single risk deals worldwide or selective lines of business.
• We ensure the underwriters have good models to price their business. We lead rate reviews for property and casualty business on an industry level.
• We lead the development of the methods and tools used to price the single risk property and casualty business.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.