Associate Consultant - Actuarial Services (Non-life Insurance)

Associate Consultant - Bermuda Actuarial - GGN • Proposed designation - Associate Consultant • Role type - Individual Contributor • Reporting to - Assistant Manager/Manager • Geo to be supported - Bermuda • Work timings: 11.30 to 20.00 • Work mode: Hybrid We are recruiting a Non-life (General Insurance) Associate Consultant in the Actuarial Services team. The responsibilities of Associate Consultant will include: • Work as a core member of the actuarial team and contribute to make it a centre of excellence • Analyse 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 • Assist with Solvency II Technical provisions / Economic Balance Sheet actuarial reviews for regulatory 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 • Actively participate in engagement team meeting • Communicate with engagement managers/Directors/Partners of the onshore team and build strong professional relationship • Provide regular updates to stakeholders and discuss solutions to potential problem areas Educational qualifications Work experience • Qualifications: Graduate/Postgraduate with a strong background in mathematics and statistics • 2 - 4 years of experience in Insurance business and finance. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 4 actuarial exams from any of these institutes. Preferred Skills • Personal drive and positive work ethic to deliver results within tight deadlines and in demanding situations without compromising on quality, and ethical standards and values • Excellent written and verbal communication skills • Team player • Self-driven • Ability to work independently and motivate team members • Proficient in use of MS Office tools and technology like Power BI, R, SaS, etc Experience Level Mid Level