Actuarial Manager
Data & AnalyticsIndia (Full Time)
Job Summary:
About the job
Location: Gurgaon/ Bangalore
Role: Assistant Manager/ Manager
Requirements: Assistant Manager / Manager: 4 to 8 years of relevant experience in Reinsurance Pricing and Capital Modelling.
Reinsurance Pricing:
- In-depth understanding of Reinsurance treaty pricing (with demonstrable experience)
- End-to-end pricing across a range of (Re)insurance structures (QS, per Risk XoL, Agg XoL, Stop Loss, Indexed Layers etc)
- Exposure rating (where applicable)
- Experience rating using frequency/severity and burning cost, etc.,approaches
- Dealing with large data sets preparation and manipulation for modeling, including:
- Modeling premium and pricing (and loss-sensitive) features, e.g., reinstatements, AADs, swing-rated deals
- Derivation and reconciliation of LDFs and development patterns
- Support and input on increasing the efficiency of individual risk assessment, where possible e.g., automated data manipulation
Capital Modelling:
- Understanding of Solvency II regulation and Capital Requirements
- Standard Formula calculations and reporting
- Internal capital modelling, calibration, validation, and reporting