Actuarial Analyst
About the role
We are seeking a skilled Actuarial Analyst with 5-8 years of experience in the insurance industry to support actuarial analysis, pricing, reserving, forecasting, and risk management initiatives. The ideal candidate will possess strong analytical and statistical skills, along with hands-on experience in actuarial modeling, data analysis, and programming using SQL and Python/R.
Responsibilities
- Analyze statistical, financial, and insurance data to support pricing, reserving, forecasting, and risk management activities.
- Develop, validate, and maintain actuarial models for insurance products.
- Perform actuarial calculations and provide recommendations based on quantitative analysis.
- Utilize SQL, Python, or R to extract, manipulate, and analyze large datasets.
- Prepare reports, dashboards, and presentations to communicate actuarial findings and business insights.
- Collaborate with cross-functional teams, including underwriting, finance, claims, and risk management.
- Support regulatory reporting and ensure compliance with applicable insurance regulations.
- Identify trends, assess risk exposures, and recommend strategies for improving business performance.
- Participate in model validation, testing, and continuous process improvements.
Requirements
- Strong experience in Actuarial Modeling
- Statistics and Financial Mathematics
- Risk Analysis
- Advanced Microsoft Excel
- SQL
- Python or R Programming
- Insurance Domain Knowledge
- Strong Analytical and Problem-Solving Skills
- Excellent Communication Skills
Qualifications
Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative field.
5-8 years of experience in actuarial analysis within the insurance industry.
Progress toward or completion of professional actuarial certifications (SOA, CAS, or equivalent) is preferred.
Strong analytical mindset with the ability to interpret complex data and communicate findings effectively.
Experience working in Agile or cross-functional project environments is an added advantage.