P&C Actuarial Specialist- Reserving

Overall Objectives of Job

As part of the growing actuarial function at Allianz Services India, you will be required to work closely with actuarial teams of other operating entities of Allianz. You will be involved with both projected based activities like model development / model testing, pricing and also BAU activities such as actuarial valuation of P&C insurance products.

Duties and Responsibilities

Work on IFRS17 reporting activities to support he monthly / quarterly closing related tasks

Analyzing, optimizing and creating financial models that form the basis of insurance products

Providing thorough analyses of complex data

Work together with pricing and underwriting teams to understand and ensure accurate delivery of their requirements.

Ensure the quality of pricing tool updates including peer reviewing and comprehensive testing

Collaborate effectively with IT on the integration of the pricing tools within IT landscape

Provide support on the various modeling initiatives and ensure proper documentation is in place

Contribute to the process improvement initiatives

Qualification, Experience and Skills

Master’s degree in Actuarial Science / Statistics / Mathematics / B.Tech with good academic background

Student member of a recognized Actuarial Institute such as IFoA, IAI, SOA etc. and have cleared at least 5 actuarial exams

Minimum 5 years of relevant experience in P&C insurance domain (experience of successfully working in close partnership with Reserving and IT teams

Prior IFRS17 reporting experience

Partnering mentality with the ability to build strong working relationships with peers, management and the business areas

Strong programming skills : Excel, VBA, Python. ResQ

Good communication skills, both verbal and written, with ability to interact with customers from different geographical areas

Good with Microsoft Office tools such as Excel, Access, Word, PowerPoint

Possesses basic knowledge of SQL and can work with databases

Excellent analytical skills with attention to details

Ability to work within a team