Assistant Manager

Job details • Proposed designation Assistant Manager • Role type Individual Contributor Reporting to Associate Director/Manager • Geo to be supported UK • Work timings 11.30AM to 8.00PM Roles & Responsibilities : · Non-life (General Insurance) Assistant Manager in the Actuarial Services team. The responsibilities of Assistant Manager will include: · Work as a core member of the actuarial team and contribute to make it a center of excellence Analyze the historical claims data and identify potential issues and trends and document the findings · Build MS-excel based actuarial tools and be able to use triangulation methods for the purpose of estimating outstanding loss reserves for various (Re)insurance companies. · Work on Statement of Actuarial Opinions (SAO) and actuarial audits of clients · Review data, methodologies, assumptions, results and benchmark against market. Reconcile results from previous year and compare with clients’ results · Review Nonlife pricing models and carry out bespoke modeling Assist with Solvency II Technical provisions actuarial reviews for PRA submission requirements · Validate consistency across regulatory submissions Assist client with understanding and implementing the new regulations e.g. Solvency II, IFRS, etc. · Provide transaction and due diligence support to the client Provide assistance with actuarial system transformation Assist with actuarial review of Economic capital requirements · Make proper commentary on the results/findings and prepare the summary report Assist senior members of the team in day-to-day management activities including MI reporting Educational qualifications • Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics • Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 7 actuarial exams from any of these institutes. Work experience • 6.5+ years of experience in Insurance business and finance. • Work on actuarial audits and experience in Reserving, Solvency 2, IFRS 17, Technical Provisions and Capital Modelling Further we are looking at.