Actuarial Associate – Experience (in Risk Consulting Services)

S.MONK; Mumbai; Hybrid; INR 1,400,000 - 2,100,000; Full time

Job summary

S.MONK in Mumbai is seeking an Actuarial Associate – Experience for our Risk Consulting Services team. This hybrid role is based in Mumbai.

You will design experience studies, support data preparation and model validation, and contribute to automation and stakeholder presentations. The ideal candidate has 3–5 years in risk consulting, strengths in Excel and statistical tools, and solid communication skills. Bachelor’s degree and actuary qualifications preferred.

Qualifications

• 3–5 years of experience in risk consulting or related actuarial services.
• Strong analytical, technical and problem-solving skills with proficiency in Excel and statistical tools.
• Experience in designing and executing experience studies.
• Knowledge of insurance products and actuarial methodologies.
• Good communication and presentation skills.
• Self-motivated and ability to work in a collaborative team environment.

Responsibilities

• Assist in the design and development of experience studies and model-based reserving methodologies
• Support the preparation of analysis reports, including data preparation and model validation
• Perform actuarial analysis and assist in developing business solutions
• Contribute to automation initiatives and workflow improvements within the team
• Collaborate with cross-functional teams to support stakeholder engagement and presentation of analytical findings

Skills

Excel

Statistical tools

Data analysis

Education

Bachelor's in Mathematics/Statistics/Actuarial Science

Part-qualified actuary

Job description

About the Role

We are looking for an Actuarial Associate – Experience for our Risk Consulting Services team. This is a hybrid role based in Mumbai.

Key Responsibilities

• Assist in the design and development of experience studies and model-based reserving methodologies
• Support the preparation of analysis reports, including data preparation and model validation
• Perform actuarial analysis and assist in developing business solutions
• Contribute to automation initiatives and workflow improvements within the team
• Collaborate with cross-functional teams to support stakeholder engagement and presentation of analytical findings

Requirements

• 3–5 years of experience in risk consulting or related actuarial services
• Strong analytical, technical and problem-solving skills with proficiency in Excel and statistical tools
• Experience in designing and executing experience studies
• Knowledge of insurance products and actuarial methodologies
• Good communication and presentation skills
• Self-motivated and ability to work in a collaborative team environment

Qualifications

• Currently hold or be in the process of obtaining relevant actuarial qualifications (e.g. part-qualified actuary)
• Bachelor's degree in Mathematics, Statistics, Actuarial Science, Engineering, Economics or related field