Senior Actuarial SpecialistGurgaon, Haryana, IndiaWe invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients’ potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters.
DISCOVERyour opportunity
What will your essential responsibilities include?
·Candidate is expected to work on multiple analytics projects for P&C insurance related to Reserving/ Valuation/ Claim Analysis and other Actuarial Projects for the team.
·Review and challenge quarterly calculations of Solvency II Technical Provisions, Economic Balance Sheets and Solvency Capital Requirements.
·Coordinate and review the process for calculating technical provisions to support BMA reporting requirements in respect of AXA XL Re for the reinsurance segment.
·Working on actuarial input (technical provisions) for BMA regulatory reporting.
·Technical provisions and capital projections into the future.
·Support the preparation of the annual actuarial opinion on Technical Provisions to the BMA and CBI.
·Annual Actuarial Report on Technical Provisions to the Board.
·The opinion on the underwriting policy and adequacy of reinsurance arrangements, having regard to the entity’s articulated risk appetite and Board-approval of business plans.
·Understanding of Solvency II directives and its implications on Technical Provision and Reserve Risk assessment.
·Input into the review and challenge process of legal entity business plans to ensure regulatory plans are the best estimate representation of the business expected to be written.
·Production of reporting materials every quarter to support Board, Underwriting & Risk Committee, Reserving & Claims Committee meetings and related reporting requirements.
·Supporting the formulation of responses to ad-hoc/out-of-cycle Board and/or CBI requests as well as horizon scanning to help identify emerging regulatory issues.
·Analyze and apply technical information to practical situations and assess opportunities for improvement. `
You will report to the Senior Actuarial Lead, Corporate Actuarial.
SHARE your talent
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
·Minimum prior working experience in an insurance and/or actuarial consultancy is required.
·Effective analytical and modelling capabilities with research and problem-solving skills.
·Ability to handle multiple priorities and tight deadlines and be responsible for priorities and deadlines for others.
·Develop and use collaborative relationships to facilitate the accomplishment of work goals.
·Ability to work with minimum supervision and problem-solving ability.
Desired Skills and Abilities:
·Experience in statistical analysis software or predictive modelli
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