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Deputy Manager Actuarial

Bajaj Allianz General Insurance

posted 11hr ago

Job Role Insights

Flexible timing

Job Description

Estimate Claim Reserves

  • Estimate the claims reserves using various actuarial techniques. Ensure that appropriate methods and models are used while calculating these reserves.
  • Comparing benchmarking of estimated against actual on a monthly basis
  • Provide these reserves to finance team for preparing company’s financial statements.

Financial Condition Reporting and Other Actuarial Submissions

  • Prepare product performance reports and quarterly actuarial reserve reports.
  • Assessing the quality of data available for reserving purposes for all lines of business.
  • Assist in preparation of claims reserve report to be submitted to the regulator.
  • Assist in quantitative analysis of the data to be used for preparing regulator mandated report on financial health of the company (FCR- Financial Condition report)
  • Assist in the Asset Liability Matching (ALM) Report on quarterly basis to ensure investment activities and asset positions are appropriate to the liability, risk profile and solvency of insurer and get approval from Appointed Actuary , CFO and CEO.

Analysis and Adhoc Requirements

  • Assist the Reserving head with IndAS117 implementation activities in the organization from Actuarial perspective.
  • Support the team for RBC templates and reporting.
  • Understand requirements raised by various teams (e.g. sales, underwriting, finance etc.), and undertake the required analysis.
  • Supporting the Team leader in presenting the analysis to relevant internal stakeholders, address queries and give inputs in terms of the way-forward, as required
  • Supporting finance in budgeting and forecasting for AOP/ LRP in terms of loss ratio for the future.
  • Provide assistance on various internal projects (like business monitoring) and initiatives as required.

 


Roles and Responsibilities
  1. Work Experience
  • 3-5 years of experience in the actuarial team
  • Familiarity with spreadsheets, databases, statistical analysis programs e.g. PySpark, Python/R, SAS
  • Strong analytical and problem-solving skills
  • Experience with WTW reserving tool ResQ and pricing tool Radar would be beneficial.

Employment Type: Full Time, Permanent

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57%
46%
53%
99%
Flexible timing
Monday to Friday
Within city
Day Shift
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Bajaj Allianz General Insurance Benefits

Health Insurance
Job Training
Soft Skill Training
Work From Home
Team Outings
Cafeteria +6 more
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