Actuarial Manager

Xceedance; Bengaluru; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

Xceedance is looking for an Assistant Manager/Manager with 4 to 8 years of experience in Reinsurance Pricing and Capital Modelling in Bengaluru, India. Candidates should have a deep understanding of treaty pricing and capital requirements with a strong grasp of data manipulation for effective modeling. Responsibilities include efficiency assessments and modeling premium features. This is a great opportunity to join a dynamic team at Xceedance.

Qualifications

• 4 to 8 years of relevant experience in Reinsurance Pricing and Capital Modelling.
• In-depth understanding of Reinsurance treaty pricing with demonstrable experience.
• Experience with large data sets preparation and manipulation for modeling.

Responsibilities

• Support and input on efficiency of individual risk assessment.
• Derivation and reconciliation of LDFs and development patterns.
• Modeling premium and pricing features.

Skills

Reinsurance treaty pricing

End-to-end pricing

Exposure rating

Experience rating

Data manipulation for modeling

Job description

About the job

Location: Gurgaon/ Bangalore

Role: Assistant Manager/ Manager

Requirements: Assistant Manager / Manager: 4 to 8 years of relevant experience in Reinsurance Pricing and Capital Modelling.

Reinsurance Pricing

• In-depth understanding of Reinsurance treaty pricing (with demonstrable experience)
• End-to-end pricing across a range of (Re)insurance structures (QS, per Risk XoL, Agg XoL, Stop Loss, Indexed Layers etc)
• Exposure rating (where applicable)
• Experience rating using frequency/severity and burning cost, etc.,approaches
• Dealing with large data sets preparation and manipulation for modeling, including:
• Modeling premium and pricing (and loss-sensitive) features, e.g., reinstatements, AADs, swing-rated deals
• Derivation and reconciliation of LDFs and development patterns
• Support and input on increasing the efficiency of individual risk assessment, where possible e.g., automated data manipulation

Capital Modelling

• Understanding of Solvency II regulation and Capital Requirements
• Standard Formula calculations and reporting
• Internal capital modelling, calibration, validation, and reporting