Actuarial Trainee

GoDigit; Bengaluru; On-site; INR 600,000 - 800,000; Full time

Job summary

Darwinbox Digital Solutions Pvt. Ltd. invites candidates to join the Actuarial Team with options across Motor Actuarial, Non-Motor Actuarial, Life Insurance, and Reporting & Reserving.

The role focuses on support for reserving, valuation, regulatory reporting, pricing, and model development. UG in economics/statistics/maths/commerce with actuarial exams preferred is required, with Licentiate clearance as a mandate for confirmation.

Qualifications

• UG in Eco/Statistics/Maths/Commerce; Actuarial exams preferred.
• Licentiate clearance mandatory for confirmation and increment processing if not yet cleared at confirmation.

Responsibilities

• Support quarterly actuarial reserving, valuation, solvency, and regulatory reporting processes.
• Assist with data extraction, validation, cleaning, and preparation to ensure accuracy and consistency.
• Support pricing and product development.
• Contribute to the development and maintenance of actuarial pricing models and predictive models.
• Maintain and update pricing assumptions, methodologies, and supporting documentation.
• Perform portfolio monitoring, scenario analysis, and ad-hoc actuarial/analytical studies to support business decisions.
• Analyse large insurance datasets to identify risk, pricing, underwriting, and claims insights.
• Collaborate with Actuarial, Finance, Data, Underwriting, Sales, and other stakeholders to support profitability and growth objectives.
• Provide fact- and data-driven inputs to pricing and underwriting decisions and communicate insights to stakeholders.
• Support audit queries, regulatory requirements, and internal/external reporting.
• Identify opportunities to improve pricing, underwriting, claims processes, and portfolio performance.
• Ensure adherence to data quality, actuarial methodologies, industry trends, and regulatory requirements.

Job description

Job Opportunities: You will work with the below team:

Actuarial Team: You can be placed in any of the following teams:

• Motor Actuarial
• Non-MotorActuarial
• Actuarial Life Insurance
• Reporting & Reserving or any other team under the actuarialecosystem

• Support quarterly actuarial reserving, valuation, solvency, and regulatory reportingprocesses.
• Assist with data extraction, validation, cleaning, and preparation to ensure accuracy andconsistency.
• Support pricing and product development.
• Contribute to the development and maintenance of actuarial pricing models and predictivemodels.
• Maintain and update pricing assumptions, methodologies, and supporting documentation.
• Perform portfolio monitoring, scenario analysis, and ad-hoc actuarial/analytical studies tosupport business decisions.
• Analyse large insurance datasets to identify risk, pricing, underwriting, and claims insights.
• Collaborate with Actuarial, Finance, Data, Underwriting, Sales, and other stakeholders tosupport profitability and growth objectives.
• Provide fact- and data-driven inputs to pricing and underwriting decisions andcommunicate insights to stakeholders.
• Support audit queries, regulatory requirements, and internal/external reporting.
• Identify opportunities to improve pricing, underwriting, claims processes, and portfolioperformance.
• Ensure adherence to data quality, actuarial methodologies, industry trends, and regulatoryrequirements.

Eligibility Criteria:

UG in Eco/Statistics/Maths/Commerce (Candidates pursuing Actuarial Sciencesexams preferred)

Note: Clearing Licentiate will be a mandate for confirmation and increment processing, in case youhave not cleared at least one Actuarial paper or equivalent (excluding CB3) at the time ofconfirmation.