Actuarial - Property & Casualty

Deloitte US-India Offices; Hyderabad, Gurugram District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Deloitte Consulting is seeking a Consultant-level professional to deliver AI-driven actuarial solutions for P&C insurance. You will develop analytical models, modify tools, and prepare client-ready reports while collaborating with on-site and offshore teams.

The role emphasizes independent work, mentoring junior staff when needed, and alignment with project timelines within the Human Capital practice.

Qualifications

• 3 - 6 years of hands-on experience in P&C insurance.
• Predictive modelling or data science experience for pricing / underwriting / claims.
• Experience with MS Office, Python, R, and Machine Learning Operations.
• Experience with various modelling techniques including linear and non-linear methods.
• Familiar with statistical methods and sampling exercises.
• Ability to work independently and in a team with strong time management.
• Excellent written and verbal communication skills.

Responsibilities

• Deliver high quality work products within due timelines, individually and with teams.
• Develop and modify actuarial tools and perform analyses for client engagements.
• Prepare reports and collaborate with Senior Consultants and Managers to contribute to engagements.
• Support AI solution delivery for P&C insurance clients and help drive value.

Skills

P&C insurance experience

Predictive modelling

Data science

Time management

Communication skills

Independent worker

Team collaboration

Education

Graduation/Post Graduation in mathematics/statistics

Tools

MS Office

Python

R

Machine Learning Ops

Cloud (GCP/AWS/Azure)

Job description

Human Capital

The Human Capital Offering Portfolio focuses on helping organizations manage and sustain their performance through their most important asset: their people. Centered on five core issues, this Portfolio signifies to the market that we see Human Capital as a topic critical to the C-Suite. As we go-to-market we will show our clients that we serve more than HR organizations – from the CEO to CFO, Risk Manager to Business Unit leader—and that we deliver on our issues and help create value for our clients.

Position Summary

Level: Consultant or equivalent

As an experienced Consultant at Deloitte Consulting, you will be responsible for individually delivering high quality work products within due timelines. Need-basis you will be mentoring and/or directing junior team members/liaising with onsite/offshore teams to understand the functional requirements.

Work you’ll do:

As a consultant, you will be expected to work as an individual contributor as well as support delivery of client engagements primarily aimed at providing innovative AI solutions for P&C insurance carriers. As a doer, you will innovate, develop and modify actuarial tools, perform analyses and prepare reports for our clients. You will closely work with the Deloitte Senior Consultants and/or Managers to contribute to the success of such engagements.

At Deloitte, you will be a part of the Property and Casualty (P&C) Actuarial team within the Consulting - Human Capital - Organization Transformation practice. Our actuarial consultants provide a wide range of P&C Insurance Consulting and Audit services for our clients. We are enhancing our artificial intelligence (AI) capabilities within the P&C actuarial practice to serve our clients' analytics requirements to support business decisions and gain competitive advantage in the marketplace.

You will be expected to work as an individual contributor as well as support delivery of client engagements primarily aimed at providing innovative AI solutions for P&C insurance carriers. As a doer, you will innovate, develop and modify actuarial tools, perform analyses and prepare reports for our clients. You will closely work with the Deloitte Senior Consultants and/or Managers to contribute to the success of such engagements.

The team:

Insights, Innovation & Operate offering is designed to enhance key aspects of our clients' businesses by leveraging cutting-edge technology, data, and a blend of deep technical and human expertise. We innovate and deliver creative, industry-specific solutions that streamline operations and accelerate speed-to-value.

Our actuarial consultants provide a full range of life insurance auditing and consulting services to clients. We help our clients combine data, processes, and technology to provide valuable business insights and ensure accurate financial and statutory reporting of their business results. Our team members work collaboratively and apply their specialized knowledge and experience to help clients navigate complex financial and statutory reporting concepts. We offer deep insights into their business practices and procedures and help them make more informed decisions to enhance their business' efficiencies.

Qualifications

Must Have Skills/Project Experience/Certifications:

• 3 - 6 years of hands-on experience inP&C insurance industry experience
• Predictive modelling or data science experience for pricing / underwriting / claims.
• Experience with MS Office, Python, R, and Machine Learning Operations.
• Experience with various modelling techniques including but not limited to the linear and non-linear modelling methodologies.
• Familiar with statistical methods and sampling exercises.
• Ability to work independently and in a team environment with strong time management skills.
• Excellent written and verbal communication skills.

Good to Have Skills/Project Experience/Certifications:

• P&C insurance industry experience in the US market.
• Pursuing actuarial or insurance exams from one of the globally recognized institutes.
• Experience with Cloud (GCP/AWS/Azure) and Gen AI.

Education:

• Graduation/Post Graduation with mathematics/statistics or any subject with sizeable mathematical content