About this role
<p style="margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"><strong><span style="font-size:14.0pt">Actuarial Analyst</span></strong><strong><span style="font-size:14.0pt"> – L&H India</span></strong></p> <p style="margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <p style="margin:6.0pt 19.4pt 1.0 E-4pt 0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"><strong><span style="font-size:10.0pt">Position Actuarial Analyst</span></strong></p> <p style="margin:6.0pt 19.4pt 1.0 E-4pt 0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"><strong><span style="font-size:10.0pt;color:white">Level Associate</span></strong></p> <p style="margin:6.0pt 19.4pt 1.0 E-4pt 0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"><strong><span style="font-size:10.0pt">Location Mumbai, India</span></strong></p> <p style="margin:6.0pt 19.4pt 1.0 E-4pt 0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"><strong><span style="font-size:10.0pt">Reporting to Senior Pricing Actuary</span></strong></p> <p style="margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <p style="margin:0.0in 19.4pt 0.0in 0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"><strong><u><span style="font-size:10.0pt">Objective of Role</span></u></strong></p> <p style="margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <p style="text-align:justify;margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt">The role will be part of the L&H India pricing team taking responsibility for product development and pricing of new Life & Health business to help the region achieve its growth plans. We aim to do this through better client experience; cutting-edge, better-informed pricing; and supporting development of innovative products for clients in the region.</span></p> <p style="text-align:justify;margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <p style="text-align:justify;margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt">The role involves supporting development of new products and the pricing of the business written in accordance with our technical guidelines.</span></p> <p style="margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <p style="margin:0.0in 19.4pt 0.0in 0.0in;text-align:justify;font-size:11.0pt;font-family:SwissReSans, sans-serif"><strong><u><span style="font-size:10.0pt">Major Responsibilities</span></u></strong></p> <p style="margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <ol style="margin-bottom:0.0in;margin-top:0.0px"> <li style="margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><u><span style="font-size:10.0pt">New Business Quotes and Tenders</span></u></li> </ol> <ul style="margin-bottom:0.0in;margin-top:0.0px"> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Lead and support the pricing and modelling of new business; this includes the review on quotes prepared by other team members and authority to sign-off.</span></li> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Partner with client-facing teams to understand cedants’ objectives, structures, and risk profiles, and translate these into appropriate pricing solutions. </span></li> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Collaborate with a cross-functional team of experts from client markets, underwriting and claims towards assessing the risks associated with a particular opportunity.</span></li> </ul> <p style="line-height:12.0pt;margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <ol style="margin-bottom:0.0in;margin-top:0.0px" start="2"> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><u><span style="font-size:10.0pt;color:black">Costing Methodology and Guidelines</span></u></li> </ol> <ul style="margin-bottom:0.0in;margin-top:0.0px"> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Ensure consistent and robust application of pricing methodologies and governance standards across all transactions.</span></li> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Proactively challenge existing pricing approaches and drive simplification, automation, and improvement of tools and processes.</span></li> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Monitor market, regulatory, and competitive developments and assess their impact on pricing assumptions and reinsurance structures.</span></li> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Collaborate with Experience Studies teams to analyze claims, lapse, and portfolio experience, and incorporate insights into pricing and assumption setting.</span></li> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Maintain and enhance pricing guidelines, documentation, and governance frameworks based on research and emerging experience</span></li> </ul> <p style="margin:0.0in 0.0in 0.0in 14.2pt;line-height:12.0pt;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <ol style="margin-bottom:0.0in;margin-top:0.0px" start="3"> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><u><span style="font-size:10.0pt;color:black">Strategy, Product Development and Brand Presence</span></u></li> </ol> <ul style="margin-bottom:0.0in;margin-top:0.0px"> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Contribute to technical, research and project management input for product development initiatives.</span></li> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Assist in assessing the impact of regulatory, market, and industry developments on pricing and product structures, particularly within India and the region.</span></li> </ul> <p style="margin:0.0in 0.0in 0.0in 14.2pt;line-height:12.0pt;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <ol style="margin-bottom:0.0in;margin-top:0.0px" start="4"> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><u><span style="font-size:10.0pt;color:black">Collaboration</span></u> <ul style="margin-bottom:0.0in;margin-top:0.0px"> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Work closely with senior actuaries and cross-functional teams, contributing to regional and global projects as appropriate</span><span style="font-size:10.0pt;color:black">.</span></li> <li style="line-height:12.0pt;margin:0.0in 0.0in 0.0in 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt;color:black">Contribute to regional and cross-border projects, collaborating with global teams and sharing best practices</span></li> </ul> </li> </ol> <p style="margin:0.0in 0.0in 0.0in 0.25in;line-height:12.0pt;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <p style="margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p> <p style="margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"><strong><u><span style="font-size:10.0pt"> </span></u></strong></p> <p style="margin:0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"><strong><u><span style="font-size:10.0pt">Qualifications & Requirements</span></u></strong></p> <p style="line-height:12.0pt;margin:0.0in;font-size:12.0pt;font-family:Arial, sans-serif"> </p> <ul style="margin-top:0.0in;margin-bottom:6.0pt"> <li style="margin:0.0in 0.0in 6.0pt 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt">Minimum 7 exam credits (under a recognized actuarial body - SOA/CAS/IFOA/IAI/FOA/FIA) with a bachelor's degree in actuarial science, Mathematics, Statistics, Economics or equivalent.</span></li> <li style="margin:0.0in 0.0in 6.0pt 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt">4–5 years of relevant experience in Life & Health insurance or reinsurance (including consulting), with strong hands-on pricing experience; exposure to reinsurance pricing and the Indian market is highly desirable.</span></li> <li style="margin:0.0in 0.0in 6.0pt 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt">Experience in life insurance pricing will be preferred.</span></li> <li style="margin:0.0in 0.0in 6.0pt 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt">Solid technical and commercial expertise in Life & Health product pricing and reinsurance structures.</span></li> <li style="margin:0.0in 0.0in 6.0pt 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt">Strong analytical skills with proficiency in <strong>R, SAS, Python</strong>, or similar actuarial and statistical tools.</span></li> <li style="margin:0.0in 0.0in 6.0pt 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt">Proven ability to engage effectively with both internal and external stakeholders, including senior management and clients.</span></li> <li style="margin:0.0in 0.0in 6.0pt 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt">Experience in developing, enhancing, or maintaining pricing tools and models is an advantage.</span></li> <li style="margin:0.0in 0.0in 6.0pt 0.0px;font-size:11.0pt;font-family:SwissReSans, sans-serif"><span style="font-size:10.0pt">Excellent written and verbal communication skills in English</span></li> </ul> <p style="margin:0.0in 19.4pt 0.0in 0.0in;font-size:11.0pt;font-family:SwissReSans, sans-serif"> </p>