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Actuarial Analyst

3.00 to 5.00 Years   Bangalore+8Noida, Chennai, Hyderabad, Gurugram, Kolkata, Pune, Mumbai City, Delhi   09 Sep, 2022
Job LocationBangalore+8Noida, Chennai, Hyderabad, Gurugram, Kolkata, Pune, Mumbai City, Delhi
EducationNot Mentioned
SalaryRs 5 - 10 Lakh/Yr
IndustryIT - Software
Functional AreaActurial ScienceStatistics / Analytics
EmploymentTypeFull-time

Job Description

    Role - Actuarial AnalystExpected Experience2-4 years of experience in Non-life / General InsuranceJob Description Support with quarterly and annual reserving, including preparation of IFRS17-specific data Estimation of claims reserves (chain-ladder, expected loss ratio and Bornhuetter-Fergusonmethods), consideration of the need for unexpired risk reserves Developing pricing reviews, estimation of earned premiums, creation of paid and outstandingclaims triangles, reconciliation to the financials Assist with unscheduled ad-hoc requests from the Management or RegulatorsSkills and Demonstrated Experience Experience in reserving projections Knowledge of ResQ is optional but experience of any non-life modelling tool is appreciated Good communication skills - both written and spoken English - is mandatory Experience of working with Generalized Linear Model (GLM) Proficiency in Excel and experience in one of these programming languages: SQL, R, VBA IFRS 17 exposure desirable but not criticalAdditional Information Source data consists of standardised registers from underwriting & claims systems and from theaccounting system in Excel Triangles are generated with pivot tables in Excel for most lines of business; on account ofvolume of data, we use R for Motor and Medical Claims projections are carried out in ResQ There will likely be interaction with IT, Finance, Claims and Underwriting teamsKeywordsReserving, Bornhuetter-Ferguson, Chain-Ladder, Generalized Linear Model, GLM, ResQ, GeneralInsurance, Claims Triangles, Reconciliation, Claims Reserves, SQL, VBA, IFRS17

Keyskills :
non lifeactuarial science

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