Specialist, Corporate Actuarial

Specialist, Corporate ActuarialGurugram, Haryana, India

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As a Reserve Risk Analyst/Specialist, you will closely work with the reserving actuaries and the capital modelling actuaries to estimate the variability in the booked actuarial reserves. The role involves the opportunity to design/implement stochastic reserving models and develop cutting-edge analyses, strategies and solutions addressing the variability in reserves. We have a small team globally looking at reserve risk and you will have the chance to directly contribute to the decision-making process.

DISCOVERyour opportunity
What will your essential responsibilities include?

·Candidate is expected to work on multiple analytics projects for P&C insurance and reinsurance related to Reserving risk/Reserving and other Actuarial Projects for the team.

·Understanding of Solvency II directives and its implications on Technical Provision and Reserve Risk assessment.

·Assessing the variability in reserves for the entire AXA XL division and its entities.

·Help in developing new and better approaches to estimate reserve variability.

·Closely liaising with our stakeholders in reserving, the capital modelling team, and Group Risk management.

·Assisting in responding to management queries and concerns; resolving issues promptly.

·Risk Analytics including development of analytical tools, analysis of risk and general support for risk analytics and predictive modelling in the company.

·Research & Development: Research/Learn about new Reserve/Reserve Risk/claims analytics methodologies and develop new & creative solutions to actuarial issues.

·Resiliently analyzing project requirements to own and deliver projects/initiatives with very high quality to establish support credibility.

·Understanding business problems and translating business information into dynamic and effective reports or dashboards to generate meaningful business insights.

·Analyze and apply technical information to practical situations and assess opportunities for improvement.

·Managing teams and ensuring feedback of team members.

You will report to the Manager in Reserve risk team.

SHARE your talentWe’re looking for someone who has these abilities and skills:

Required Skills and Abilities:

·Undergraduate degree and at least 6 - 10 Actuarial Exams from the Institute of Actuaries of India/ Institute of Actuaries, UK.

·Relevant years of experience in the actuarial domain, preferably reserving/capital modelling.

·Effective computer application skills, specifically Excel.

·Willingness to challenge the status quo and improve the existing framework.

·Keen attention to detail.

·Effective oral, presentation and written communication skills.

·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.

Desired Skills and Abilities:

·Stochastic modelling/reserving an added advantage.

·Advanced statistical/financial aptitude.