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    Advisor - Risk Analytics - Actuarial - Mumbai, India - Gallagher

    Gallagher
    Gallagher Mumbai, India

    2 days ago

    Default job background
    Full time
    Description
    About Us

    We believe that every candidate brings something special to the table, including you So, even if you feel that you're close but not an exact match, we encourage you to apply. We'd be thrilled to receive applications from exceptional individuals like yourself.

    Gallagher, a global industry leader in insurance, risk management, and consulting services, boasts a team of over 50,000 professionals worldwide. Our culture, known as "The Gallagher Way," is driven by shared values and a passion for excellence. At the heart of our global operations, the Gallagher Center of Excellence (GCoE) in India, founded in 2006, upholds the values of quality, innovation, and teamwork. With 10,000+ professionals across five India locations, GCoE is where knowledge-driven individuals make a significant impact and build rewarding, long-term careers.

    Overview

    Gallagher Re actuarial team uses deep actuarial skills along with high quality analytical and problem-solving prowess to assist clients in enhancing their business performances and optimize their reinsurance portfolios. The expertise obtained over the several years of market presence allows the client-oriented teams to provide finest services.

    The candidate will work in Reinsurance Pricing teams for business lines like Property & Casualty, Motor, and/or Specialty lines like Aerospace and Marine. The teams provide pricing of contracts and dynamic portfolio optimization for international clients, serviced via our international offices.

    Responsibilities

    The principal responsibilities for the candidate will be:
    • Data cleansing and processing to facilitate actuarial analysis
    • Assist on-shore stakeholders and Actuaries in performing Actuarial Pricing Analysis such as Experience rating and Exposure rating for building a comprehensive, multi-dimensional loss model in accordance with client risk profiles and industry norms
    • Estimating reinsurance pricing and determining optimal Reinsurance Strategies
    • Prepare and provide reports and decks for the performed analyses
    • Contribute towards the Industry studies and Benchmarking activities, that aim at promoting Gallagher Re as thought leader in reinsurance marketplace
    • Contribute to development of innovative concepts, tools or automating current process.
    Qualifications
    • Graduate/Post-graduate, preferably in Stats/Maths/Eco/Commerce
    • A student member of any of the following institutes:
      • Institute of Actuaries of India (IAI)
      • Institute of Faculties of Actuaries - UK (IFoA)
    • 3-6 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further
    • Professional communication skills, both written and oral
    • Good understanding of insurance and reinsurance concepts
    • Strong analytical and problem-solving skills
    • Propensity to think beyond the assignment at hand and show ability to be detail oriented
    • Driven to take initiatives and challenging work
    • Ability to work collaboratively in team
    • Ability to turn around work of professional quality within set deadlines
    • Excellent MS Office skills, particularly Excel is essential
    • Knowledge of VBA, SQL, Python, R, Power BI etc. is added an advantage
    • A relevant internship or industry experience of 2 - 5 years will be an added advantage.
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