Kshema General Insurance Limited
Location
Hyderabad | India
Job description
Job Description
: The Actuarial Analyst in the Reserving Team will play a crucial role in supporting the company's reserving functions. This position involves assisting in the estimation of technical reserves, analyzing data, and contributing to the development and implementation of reserving strategies. The ideal candidate will work closely with senior actuaries and other departments to ensure the accuracy and adequacy of reserve estimations. Responsibilities: Assist in the monthly, quarterly and annual reserving process, ensuring compliance with regulatory requirements and internal policies. Analyse historical data and trends to support reserve estimations and adjustments. Contribute to the development and refinement of reserving methodologies and models. Collaborate with the claims, finance and underwriting teams to provide insights from reserving analyses. Prepare and present reports and findings to senior actuaries and management. Contribute to preparation of solvency forms and Appointed Actuary Reports to be submitted to the regulator. Support the actuarial team in responding to queries from auditors and regulators regarding reserving practices and figures. Stay updated with industry trends, regulatory changes, and best practices in reserving. Work on implementation of new regulatory regimes like Risk-Based Capital (RBC) and IFRS17 within the company. Analyse competitors’ financial results, reserving methodologies, and risk management practices to provide useful insights to senior actuaries. Participate in cross-functional projects and initiatives as required. Requirements: Bachelor's degree in actuarial science, mathematics, statistics, commerce or a related field. Progress towards actuarial qualifications with a recognized actuarial body (e.g., Institute of Actuaries of India) is highly desirable. 1+ years of prior experience in an actuarial function within the insurance industry is advantageous, especially in reserving or related areas. Proficiency in MS Office Suite, VBA, and Python along with use of emerging technologies like GPTs and Power Platforms is desirable. Ability to use emerging techniques like Strong analytical and problem-solving skills. Strong attention to detail and ability to handle complex data. Good communication skills, with the ability to present findings in a clear and concise manner. A team player with a proactive approach to tasks and projects.Job tags
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