Marsh India
Location
Mumbai | India
Job description
The Firm: A global leader in insurance broking and innovative risk management solutions, Marsh’s 35,000 colleagues advise individual and commercial clients of all sizes in over 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$15 billion and nearly 75,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. In addition to Marsh, MMC is the parent company of Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to
BRINK . As an organization we practice and promote: · A flexible work environment with policies and practices that reflect our commitment to Inclusion & Diversity. · A psychologically safe environment where everyone is invited to share their perspective. Job Responsibilities: Provide actuarial and financial modelling consulting services to clients and colleagues Model the probability distributions of the gross/ceded/net underwriting results of an insurance company client Work with the catastrophe modelling team to understand natural peril drivers of clients’ financial performance and the influence of natural perils on primary pricing Support the renewal process through reinsurance pricing analysis and support of the broking team in negotiations with reinsurers. Analyze how the distribution of results and relevant risk measures changes as a result of applications on various proposed reinsurance alternatives Utilise cost/benefit analysis to advise brokers and clients optimal reinsurance programs based on risk tolerance level Respond to client queries and concerns, resolving issues promptly and monitoring market trends, actuarial related development, and client changes jointly with the Client Manager; Provide technical training to clients and colleagues, and stay well informed on regulatory developments in the region Using intensive actuarial, insurance and products training to structure, negotiate and assist in selling reinsurance arrangements that optimize economic value for insurers/clients based on products' best estimate assumptions; Ability to work in conjunction with Global Guy Carpenter team on actuarial reserving tools, applying the various actuarial reserving methods for arriving at exposure risk analysis for insurance company’s. Client management and consistent deliverability of Marsh/Guy Carpenter offerings with a focus on servicing current relationship and expanding the opportunities in the existing base in addition to new clients Technical Skills: · Progress towards professional actuarial qualification, e.g. FCAS, FIAA, or FIA . General Skills: · Excellent communication, presentation and project management skills · Strong ability to handle significant workflow through efficient time management. · Strong ability to identify and solve potential problems in their specialty and develop creative solutions. · Understanding of the product lines, and the global and regional industry conditions to identify significant considerations that insurers should address in designing their programs · Well-versed in Microsoft Office software and programming languages, e.g. R-Studio, Python , Alteryx. · Ability to work autonomously Prior Experience: Minimum 2-3 years commercial experience, reinsurance or primary pricing experience (Life/ Non Life) Education: Bachelor’s degree in Actuarial Science or related quantitative field such as Mathematics or StatisticsJob tags
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