About the role
•Proposed designation - Associate Consultant
•Role type - Individual Contributor
•Reporting to - Assistant Manager/Manager
•Geo to be supported - Bermuda
•Work timings: 11.30 to 20.00
•Work mode: Hybrid
We are recruiting a Non-life (General Insurance) Associate Consultant in the Actuarial Services team. The responsibilities of Associate Consultant will include:
•Work as a core member of the actuarial team and contribute to make it a centre of excellence
•Analyse 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
•Assist with Solvency II Technical provisions / Economic Balance Sheet actuarial reviews for regulatory 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 of the onshore team and build strong professional relationship
•Provide regular updates to stakeholders and discuss solutions to potential problem areas
Educational qualifications
Work experience
•Qualifications: Graduate/Postgraduate with a strong background in mathematics and statistics
•2 - 4 years of experience in Insurance business and finance. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 4 actuarial exams from any of these institutes.
Preferred Skills
•Personal drive and positive work ethic to deliver results within tight deadlines and in demanding situations without compromising on quality, and ethical standards and values
•Excellent written and verbal communication skills
•Team player
•Self-driven
•Ability to work independently and motivate team members
•Proficient in use of MS Office tools and technology like Power BI, R, SaS, etc
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