Responsibilities :

• Assist in the monthly, quarterly, and annual reserving process, ensuring compliance with regulatory requirements and internal policies.
• Analyses historical data and trends to support reserve estimations and adjustments.
• Contribute to the development and refinement of reserving methodologies and models.
• Collaborate with the claims, finance, and underwriting teams to provide insights from reserving analyses.
• Prepare and present reports and findings to senior actuaries and management.
• Contribute to the preparation of solvency forms and Appointed Actuary Reports to be submitted to the regulator.
• Support the actuarial team in responding to queries from auditors and regulators regarding reserving practices and figures.
• Stay updated with industry trends, regulatory changes, and best practices in reserving.
• Work on implementation of new regulatory regimes like Risk-Based Capital (RBC) and IFRS17 within the company.
• Analyze competitors’ financial results, reserving methodologies, and risk management practices to provide useful insights to senior actuaries.
• Participate in cross-functional projects and initiatives as required.

Requirements :

• Progress towards actuarial qualifications with a recognized actuarial body (e.g., Institute of Actuaries of India) is highly desirable.
• 1+ years of prior experience in an actuarial function within the insurance industry is advantageous, especially in reserving or related areas.
• Proficiency in MS Office Suite, VBA, and Python along with the use of emerging technologies like GPTs and Power Platforms is desirable.
• Ability to use emerging techniques like.
• Strong analytical and problem-solving skills.
• Strong attention to detail and ability to handle complex data.
• Good communication skills, with the ability to present findings clearly and concisely.
• A team player with a proactive approach to tasks and projects.
• Bachelor’s degree in actuarial science, mathematics, statistics, commerce, or a related field.