KGS-RC-Executive | General Insurance | Non Life

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October 22, 2018 at 4:54 am #23079
actuaryjobs
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We are recruiting for an Executive in the Actuarial Services team. Working as an executive in this team, your responsibilities will include:

Work as a core member of the actuarial team and contribute to make it a center of excellence

Analyze the historical claims data and identify potential issues and trends and document the findings

Build MS-excel based actuarial tools and be able to use triangulation methods for the purpose of estimating outstanding loss reserves for various (Re)insurance companies

Work on Statement of Actuarial Opinions (SAO) and actuarial audits of clients

Review data, methodologies, assumptions, results and benchmark against market

Reconcile results from previous year and compare with clients’ results

Review Nonlife pricing models and carry out bespoke modeling

Assist with Solvency II Technical provisions actuarial reviews for PRA submission requirements

Validate consistency across regulatory submissions

Assist client with understanding and implementing the new regulations e.g. Solvency II, IFRS, etc.

Provide transaction and due diligence support to the client

Provide assistance with actuarial system transformation

Assist with actuarial review of Economic capital requirements

Make proper commentary on the results/findings and prepare the summary report

Assist senior members of the team in day-to-day management activities including MI reporting

Actively participate in engagement team meeting

Communicate with engagement managers/Directors/partners in UK and build strong professional relationship

Provide regular updates to stakeholders and discuss solutions to potential problem areas

Essential skills required Education / professional qualifications Graduate/Post graduate with a strong background in mathematics and statistics Prior Experience: 1-5years of experience in Insurance business and finance. Member of Institute of Actuaries (UK) and/or Institute of Actuaries of India and must of passed at least 4 actuarial exams from either of these institutes.Project and Team management exposure

General knowledge of Insurance business and finance

Familiarity with spreadsheets, databases, statistical analysis programs

Strong analytical and problem-solving skills with attention to details

Candidate will be required to interact with colleagues in the US via email, written instructions, phone, or other online collaboration protocols

Excellent verbal and written communication skills.

Behavioral / team skills

Personal drive and positive work ethic to deliver results within tight deadlines and in demanding situations

Flexibility to adapt to a variety of engagement types, working hours and work environments and location

Team player; self-driven and ability to work independently

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