Actuarial Analyst/Senior Analyst

• Assist in the development and implementation of pricing models and strategies
• Assist in the reserving process, ensuring compliance with regulatory requirements and internal policies.
• Work on the pricing for government business, including tenders.
• Analyse historical data, market trends, competitor results and actuarial methodologies, and customer behavior for actuarial decisions.
• Contribute to the development and refinement of actuarial models and methodologies.
• Collaborate with claims, finance and underwriting teams to provide insights from actuarial analysis.
• Support the actuarial team in regulatory filings, compliance and responding to audit/regulatory queries.
• Prepare detailed reports, presentations and visualisation tools to communicate actuarial analysis, results and recommendations to senior management.
• Work closely with data scientists to utilise spatiotemporal data and build granular and dynamic pricing algorithms.
• Work on implementation of new regulatory regimes like Ind AS 117 and Risk Based Capital (RBC).
• Stay updated with industry trends, regulatory changes, and best practices in actuarial profession.
• Participate in cross-functional projects and initiatives as required.

Requirements

• Bachelor's degree in actuarial science, mathematics, statistics, commerce or a related field.
• Progress towards actuarial qualifications with a recognized actuarial body (e.g., IAI) is highly desirable.
• 1+ years of prior experience in an actuarial function within the insurance industry is advantageous.
• Proficiency in MS Office Suite, VBA, SQL and Python along with use of emerging technologies like GPTs and Power Platforms is desirable.
• Deep understanding of actuarial principles, regulatory environment, and product development processes.
• 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 in a clear and concise manner.
• A team player with a proactive approach to tasks and projects.