Actuarial Analyst/Senior Analyst

Kshema General Insurance Limited; Hyderabad; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Kshema General Insurance Limited in Hyderabad is seeking an Actuarial Analyst to support pricing, reserving, and regulatory compliance through data-driven insights. You will analyse historical data, market trends, and insurer-specific factors to inform actuarial decisions and pricing strategies.

The role collaborates with claims, finance, and underwriting teams, develops model refinements, and contributes to regulatory filings while staying updated on Ind AS 117 and RBC requirements.

Qualifications

• Bachelor's degree or equivalent in actuarial science, mathematics, statistics, commerce or related field.
• Progress toward actuarial qualifications with recognized body (e.g., IAI) is desirable.
• 1+ years actuarial experience in insurance is advantageous.
• Proficiency in MS Office, VBA, SQL and Python requested.

Responsibilities

• Assist in development and implementation of pricing models and strategies.
• Assist in the reserving process, ensuring regulatory compliance and internal policies.
• Analyse historical data, market trends, competitor results and actuarial methodologies for decisions.
• Collaborate with claims, finance and underwriting teams to provide insights from actuarial analysis.
• Support regulatory filings, compliance and respond to audit/regulatory queries.
• Prepare reports, presentations and visualisation tools to communicate results to senior management.
• Work with data scientists to utilise spatiotemporal data and pricing algorithms.
• Stay updated with Ind AS 117 and RBC and other regulatory regimes.

Skills

Actuarial analysis

Data analysis

SQL

Python

Regulatory awareness

Communication

Teamwork

Education

Bachelors in actuarial science

Tools

MS Office

VBA

Job description

• Assist in the development and implementation of pricing models and strategies
• Assist in the reserving process, ensuring compliance with regulatory requirements and internal policies.
• Work on the pricing for government business, including tenders.
• Analyse historical data, market trends, competitor results and actuarial methodologies, and customer behavior for actuarial decisions.
• Contribute to the development and refinement of actuarial models and methodologies.
• Collaborate with claims, finance and underwriting teams to provide insights from actuarial analysis.
• Support the actuarial team in regulatory filings, compliance and responding to audit/regulatory queries.
• Prepare detailed reports, presentations and visualisation tools to communicate actuarial analysis, results and recommendations to senior management.
• Work closely with data scientists to utilise spatiotemporal data and build granular and dynamic pricing algorithms.
• Work on implementation of new regulatory regimes like Ind AS 117 and Risk Based Capital (RBC).
• Stay updated with industry trends, regulatory changes, and best practices in actuarial profession.
• Participate in cross-functional projects and initiatives as required.

• Assist in the development and implementation of pricing models and strategies
• Assist in the reserving process, ensuring compliance with regulatory requirements and internal policies.
• Work on the pricing for government business, including tenders.
• Analyse historical data, market trends, competitor results and actuarial methodologies, and customer behaviour for actuarial decisions.
• Contribute to the development and refinement of actuarial models and methodologies.
• Collaborate with claims, finance and underwriting teams to provide insights from actuarial analysis.
• Support the actuarial team in regulatory filings, compliance and responding to audit/regulatory queries.
• Prepare detailed reports, presentations and visualisation tools to communicate actuarial analysis, results and recommendations to senior management.
• Work closely with data scientists to utilise spatiotemporal data and build granular and dynamic pricing algorithms.
• Work on implementation of new regulatory regimes like Ind AS 117 and Risk Based Capital (RBC).
• Stay updated with industry trends, regulatory changes, and best practices in actuarial profession.
• Participate in cross‑functional projects and initiatives as required.

Requirements

• Bachelor's degree in actuarial science, mathematics, statistics, commerce or a related field.
• Progress towards actuarial qualifications with a recognised 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 along with use of emerging technologies like GPTs and Power Platforms is desirable.
• Deep understanding of actuarial principles, regulatory environment, and product development processes.
• Strong analytical and problem‑solving skills.
• Strong attention to detail and ability to handle complex data.
• Good communication skills, with the ability to present findings in a clear and concise manner.
• A team player with a proactive approach to tasks and projects.