Actuarial Analyst

IndiHire Pvt Ltd.; Gandhinagar; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

IndiHire Pvt Ltd. seeks an experienced Actuarial Analyst to assess and underwrite facultative and treaty reinsurance risks in line with the company’s strategy and risk appetite.

The role involves developing pricing models, monitoring portfolio performance, and coordinating with brokers, cedants, and internal teams to support profitable growth while ensuring regulatory compliance. A solid actuarial background and strong communication skills are essential.

Qualifications

• Bachelor’s degree in actuarial/science/statistics required.
• Associate membership with a recognized actuarial body preferred.

Responsibilities

• Assess, evaluate, and approve facultative and treaty reinsurance risks according to guidelines and risk appetite.
• Develop, maintain, and review pricing models, risk selection criteria, and underwriting frameworks.
• Ensure adherence to risk appetite, underwriting governance, and exposure controls.
• Coordinate with brokers, cedants, and partners to support business growth and client retention.
• Monitor portfolio performance, loss ratios, claims trends, and underwriting profitability.
• Review data, market information, and submissions to determine pricing, terms, and capacity deployment.
• Negotiate reinsurance terms and pricing with cedants and intermediaries.
• Ensure documentation quality and compliance with international reinsurance practices and policies.
• Maintain underwriting records, risk assessments, and management information systems.
• Monitor catastrophe exposures and concentration risks for effective risk management.
• Ensure compliance with IFSCA regulations, AML obligations, and internal governance standards.
• Provide portfolio analysis and performance updates to the Principal Officer and parent entity.
• Offer insights on market trends and underwriting strategy.

Education

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field

Associate or near Associate of a recognized actuarial body (SOA, CAS, IFoA, CIA or equivalent)

Job description

The Actuarial Analyst will be responsible for evaluating, underwriting, and managing reinsurance risks in line with the company's underwriting strategy, risk appetite, and regulatory requirements. This role will support profitable business growth while ensuring compliance with IFSCA regulations, internal underwriting guidelines, and group policies applicable.

Role & Responsibilities

• Assess, evaluate, and approve facultative and treaty reinsurance risks in line with approved underwriting guidelines, delegated authority limits, and risk appetite.
• Develop, maintain, and periodically review pricing models, risk selection criteria, underwriting frameworks, and exposure management standards.
• Ensure adherence to approved risk appetite, underwriting governance requirements, accumulation controls, and exposure limits.
• Work closely with brokers, cedants, and business partners to support business development, client retention, and profitable portfolio growth.
• Monitor portfolio performance, loss ratios, claims trends, premium adequacy, and overall underwriting profitability.
• Coordinate with actuarial, risk management, and finance teams to assess pricing adequacy, portfolio performance, reserving trends, and capital implications.
• Review submissions, exposure data, claims history, and market information to determine appropriate pricing, terms, conditions, and capacity deployment.
• Negotiate reinsurance contract terms, coverage conditions, exclusions, and pricing with cedants and intermediaries.
• Ensure documentation quality, contract certainty, and compliance with international reinsurance practices, regulatory requirements, and internal policies.
• Maintain accurate underwriting records, risk assessments, and management information systems.
• Monitor catastrophe exposures, concentration risks, and portfolio accumulations to ensure effective risk management.
• Ensure compliance with IFSCA regulations, internal underwriting policies, sanctions requirements, AML obligations, and applicable governance standards applicable to IIO operations.
• Provide regular portfolio analysis, underwriting reports, and performance updates to the Principal Officer and parent entity.
• Provide insights and recommendations to the Principal Officer regarding market developments, competitive dynamics, emerging risks, reinsurance pricing trends, and underwriting strategy.
• Support regulatory reporting, audits, inspections, and information requests from IFSCA and other relevant authorities.
• Build and maintain strong relationships with cedants, brokers, reinsurers, and other market participants to support the branch's strategic objectives.

Education

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
• Associate or near Associate of a recognized actuarial body (e.g., SOA, CAS, IFoA, CIA or equivalent).

Experience

• Minimum of 8 years of overall experience.
• Minimum of 8 years of progressive responsibilities in an actuarial role, including leading projects, processes, and staff.
• General Insurance, Pricing, and underwriting experience is a must.