Actuarial Analyst

Minimum years of experience - 1 year Location - Mumbai Purpose of the job The primary focus of the actuarial function is to contribute to the successful delivery of the business strategy by providing insightful actuarial analysis, whilst also fulfilling its regulatory responsibilities and ensuring policyholders interests are adequately protected. The Actuarial Analyst supports management with delivering actuarial operations within the actuarial function. The main focus of the role is on producing calculations for quarter-end and year-end reporting and contributing to continuous process improvement.There is a need to transform the function to be more insight led through better use of technology, automation and more sophisticated analytical techniques. Key Responsibilities Data Support team members with developing, updating and maintaining actuarial data sources to ensure the data within remains appropriate, accurate and complete, including carrying out appropriate validation checks. Identify opportunities and suggest improvements to make better use of data and produce more insightful actuarial analysis. Reserving Contribute to the quarterly and year-end reserving calculations and production of all required Technical Provisions, QRTs and outputs for financial reporting (eg SFCR, financial statements, etc). Contribute to regular performance monitoring of insurance schemes, including monthly loss ratio analysis. Contribute to the development and embedding of processes to ensure factor reserves and earning patterns are robust. Other Contribute to the production of documented actuarial outputs for sign-off by the Chief Actuary, any relevant committees, and the external auditors (as required). Automate processes relating to data preparation and transformation, data visualisation, reporting, etc and generate concise summary dashboards to share with the business. Support with reinsurer requests for data and respond to queries promptly. Ensure professional qualifications and any CPD requirements are adequately maintained. Knowledge, skills and experience required Studying towards Fellowship of the Institute of Actuaries (FIA) or equivalent actuarial exams. 1+ years non-life insurance modelling experience. An analytical mindset, commercial awareness and strong written and verbal communication skills. An ability to work proactively and autonomously to take ideas from proof of concept through to delivery. .