Actuarial Analyst/Senior Analyst

Kshema; Hyderabad; On-site; INR 600,000 - 800,000; Full time

Job summary

A leading digital agriculture insurance firm in Hyderabad seeks an Actuarial Analyst to develop pricing models and strategies. The role involves analyzing data, collaborating with various teams, and supporting regulatory compliance. Candidates should have a Bachelor's degree in actuarial science, progress towards qualifications, and strong skills in analysis, communication, and technology. This position offers a chance to contribute significantly to the insurance sector focused on agriculture.

Qualifications

• Bachelor's degree in actuarial science, mathematics, statistics, commerce or a related field.
• Progress towards actuarial qualifications with a recognized actuarial body (e.g., IAI) is highly desirable.
• 1+ years of prior experience in an actuarial function within the insurance industry is advantageous.
• Proficiency in MS Office Suite, VBA, SQL and Python, with emerging technologies is desirable.
• Deep understanding of actuarial principles and regulatory environment.
• Strong analytical and problem-solving skills.
• Good communication skills with the ability to present findings clearly.

Responsibilities

• Assist in the development and implementation of pricing models and strategies.
• Analyze historical data and market trends for actuarial decisions.
• Collaborate with claims, finance, and underwriting teams.
• Prepare reports and presentations for senior management.
• Work closely with data scientists on pricing algorithms.
• Stay updated with industry trends and regulatory changes.

Skills

Analytical skills

Attention to detail

Problem-solving skills

Communication skills

Teamwork

Education

Bachelor's degree in actuarial science, mathematics, or related field

Tools

MS Office Suite

VBA

SQL

Python

Emerging technologies (e.g., GPTs, Power Platforms)

Job description

Kshema General Insurance Limited (Kshema) was established in 2018 and is India's only Digital Agri Insurance Company catering to farmers/cultivators in the Agriculture Sectors. Kshema enables cultivators with resilience from financial distress due to extreme climate events and perils through localised insurance products. Kshema is leveraging Technology to provide cutting edge insurance solutions to farmers.

Kshema has a pan India presence with more than 500+ employees on roles along with 500+ employees as contractors.

Job Description

• Assistin the development and implementation of pricing models and strategies
  
• Assistin the reserving process, ensuring compliance with regulatory requirementsand internal policies.
  
• Work onthe pricing for government business, including tenders.
  
• Analysehistorical data, market trends, competitor results and actuarial methodologies,and customer behavior for actuarial decisions.
  
• Contributeto the development and refinement of actuarial models and methodologies.
  
• Collaboratewith claims, finance and underwriting teams to provide insights fromactuarial analysis.
  
• Supportthe actuarial team in regulatory filings, compliance and responding toaudit/regulatory queries.
  
• Preparedetailed reports, presentations and visualisation tools to communicate actuarialanalysis, results and recommendations to senior management.
  
• Workclosely with data scientists to utilise spatiotemporal data and buildgranular and dynamic pricing algorithms.
  
• Work onimplementation of new regulatory regimes like Ind AS 117 and Risk BasedCapital (RBC).
  
• Stayupdated with industry trends, regulatory changes, and best practices inactuarial profession.
  
• Participatein cross-functional projects and initiatives as required.
  

Requirements

• Bachelor's degree inactuarial science, mathematics, statistics, commerce or a related field.
  
• Progress towards actuarialqualifications with a recognized actuarial body (e.g., IAI) is highlydesirable.
  
• 1+ years of prior experiencein an actuarial function within the insurance industry is advantageous.
  
• Proficiency in MS OfficeSuite, VBA, SQL and Python along with use of emerging technologies like GPTsand Power Platforms is desirable.
  
• Deep understanding ofactuarial principles, regulatory environment, and product development processes.
  
• Strong analytical andproblem-solving skills.
  
• Strong attention to detailand ability to handle complex data.
  
• Good communication skills,with the ability to present findings in a clear and concise manner.
  
• A team player with aproactive approach to tasks and projects.