Associate Consultant - Non-Life Actuarial Services

Associate Consultant Non-Life

Roles and Responsibilities:

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

• Review Nonlife pricing models and carry out bespoke modelling

• 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

Roles & Responsibilities :​

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

• Review Nonlife pricing models and carry out bespoke modelling

• 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/Post graduate with a strong background in mathematics and statistics

2 - 4 years of experience in Insurance business and finance in Actuarial role. 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.

Experience Level

Mid Level