Analyst - Risk Analytics - Actuarial

S.MONK; Mumbai; On-site; INR 900,000 - 1,300,000; Full time

Job summary

S.MONK is seeking an Analyst to join the Gallagher Re Actuarial Team in Mumbai. You will analyse data and build loss models to help clients optimise their reinsurance strategies.

You will communicate insights to stakeholders and collaborate with global teams to deliver robust pricing and analytics. The role emphasizes actuarial rigor, data-driven decision making, and opportunities to influence pricing strategies across Property, Casualty, Marine and other lines.

Qualifications

• Graduate or higher in Stats/Maths/Eco/Commerce.
• Actuarial exams 2–5 cleared under the new curriculum.
• Proficient in Excel; VBA/SQL/Python/R/Power BI are advantageous.

Responsibilities

• Analyse data and trends to guide optimal reinsurance strategies.
• Build loss models and investigate loss ratios.
• Estimate reinsurance treaty pricing across lines.
• Collaborate with global teams to apply actuarial methods.
• Generate reports and present findings for decision making.
• Support industry studies and act as a thought leader.

Skills

Analytical skills

Communication

Collaboration

Learning mindset

Education

Graduate/Post-graduate in Stats/Maths/Eco/Commerce

IFoA/IAI membership

Tools

Excel

SQL

Python

R

Power BI

VBA

Job description

About the Role

We're looking for an Analyst to join the Gallagher Re Actuarial Team in Mumbai. Backed by Gallagher, one of the world's largest insurance brokers, you'll work with a global team that uses data and analytics to design reinsurance solutions tailored to client needs. This is your chance to collaborate with experts, enhance your skills, and make a real impact in a dynamic and supportive environment.

In this role, you'll analyse data and trends to help clients optimise their reinsurance strategies. You'll build loss models, investigate loss ratios, and provide insights that drive decision-making. Working closely with global teams, you'll ensure clients receive the best solutions for their unique needs.

Key Responsibilities

• Analyzing data and trends to help clients make informed decisions of the optimal reinsurance strategies they should adopt
• Performing ground up analysis and loss ratio investigations to build client portfolio understanding
• Build comprehensive loss models based on experience and exposure analysis in accordance with client's risk profiles and industry standards
• Estimate reinsurance treaty pricing for clients mainly in Property, Casualty, Marine, Aerospace, etc. lines of business (depending on the market/team)
• Reinsurance structure optimisation and profitability analysis to manage earnings volatility and solvency risk for clients
• Collaborating with cross-functional teams to ensure actuarial principles and techniques are accurately implemented in product development and pricing strategies
• Generating reports and presentations summarizing analyses and findings to support business decision-making
• Contributing towards the Industry studies and benchmarking activities, that aim at promoting Gallagher Re as thought leaders in the reinsurance marketplace
• Providing valuable insights and support to clients while continuously improving processes through innovation in the form of tool development and automation of Actuarial analysis
• Conduct ground-up analysis to understand client portfolios
• Communicate complex technical information to non-technical stakeholders
• Support the growth and development of team members

Requirements

• A strong understanding of insurance principles and regulations. Analytical skills to interpret data and draw meaningful insights. The ability to explain complex ideas clearly to different audiences. A collaborative mindset and eagerness to learn. Experience in actuarial science or related fields.

Qualifications

• Graduate/Post-graduate, preferably in Stats/Maths/Eco/Commerce
• A member of any recognized Actuarial institute like Institute of Faculties of Actuaries – UK (IFoA), Institute of Actuaries of India (IAI), etc.
• 2 - 5 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further
• Excellent MS Office skills, particularly Excel is essential
• Knowledge of VBA, SQL, Python, R, Power BI etc. is an added advantage