Actuarial Analyst/Senior Analyst
Kshema General Insurance · Hyderabad, India ·
- Seniority
- Senior
- 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.