Manager - Actuarial( Reserving- Non Life)

Oliver Wyman; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Marsh Risk Consulting invites an experienced actuarial professional to join our Mumbai team. The role blends analytics, pricing, reserving, and risk assessment within our P&C practice, operating in a hybrid setup with at least three days in the office.

You will perform advanced actuarial analyses, develop models and tools, and contribute to client reports while mentoring junior staff. The position emphasizes collaboration across teams and delivering high-quality insights.

Qualifications

• Degree in Statistics, Mathematics, Actuarial Science, Computer Science, Engineering, or related field.
• 5+ years of experience in P&C actuarial or insurance analytics work, with exposure to pricing, reserving, capital, regulatory, or related technical areas.
• Completed at least 10 actuarial exams under the new curriculum.
• Preferably passed relevant papers under the old curriculum such as CT3, CT4, CT6, and ST8.
• Preferably passed relevant papers under the new curriculum such as CS1, CS2, and SP8.
• Strong technical knowledge of actuarial and analytical techniques.
• Proficiency in Python and/or R, including experience with data visualization and report generation.
• Advanced Microsoft Office skills, particularly Excel (including VBA) and PowerPoint.
• Strong analytical thinking, problem-solving, and attention to detail.
• Strong communication, interpersonal, with good people management skills.

Responsibilities

• Perform actuarial, financial, and statistical analysis to assess client risks.
• Examine client issues in detail, identify drivers, and develop risk mitigation recommendations.
• Lead multiple projects independently with minimal supervision.
• Contribute to client reports and presentations with clear findings.
• Lead projects and take increasing responsibility for complex assignments.
• Support client relationship management and identify new business opportunities.
• Develop analytics tools, models, and solutions for market-leading approaches.
• Identify opportunities to automate processes delivering efficiency gains.
• Foster innovation and continuous improvement in analytics techniques.
• Provide training and mentoring to junior team members.
• Ensure timesheets, trackers, and leave records are maintained.
• Build connections across Analytics Solutions and share knowledge across the organization.

Skills

Analytical thinking

Problem-solving

Communication

People management

Education

Bachelor's degree in Statistics/Mathematics/Actuarial Science/CS/Engineering

Tools

Python

R

Excel (VBA)

PowerPoint

Data visualization

Job description

Job Summary

We are seeking a talented Actuarial professional to join our Actuarial team at Marsh Risk Consulting. This role will be based in Mumbai. This is a hybrid role that has a requirement of working at least three days a week in the office.

Responsibilities

• Perform actuarial, financial, and statistical analysis to assess and quantify client risks.
• Examine client issues in detail, identify key drivers, and develop recommendations to support risk analysis and mitigation.
• Work independently with minimal supervision, leading multiple projects simultaneously and ensuring alignment with stakeholder expectations and strategic goals.
• Contribute to and lead the preparation of client reports, presentations, and other deliverables, ensuring findings are clearly structured and communicated.
• Participate in and, where appropriate, lead projects, taking increasing responsibility for more complex assignments.
• Contribute to client relationship management and identify opportunities for new business, where relevant.
• Support the development, enhancement, and application of analytics-based tools, models, and solutions, contributing to the establishment of market-leading approaches.
• Identify and drive opportunities to automate and improve processes, delivering measurable gains in efficiency and output quality.
• Foster an environment of innovation and continuous improvement in analytics techniques and delivery methods.
• Provide training, mentoring, and guidance to junior team members, as appropriate.
• Ensure team members maintain essential operational disciplines such as timesheets, project trackers, and leave records.
• Build broad connections across Analytics Solutions and the wider organization and share knowledge to strengthen collective capability.

Requirements

• Degree in Statistics, Mathematics, Actuarial Science, Computer Science, Engineering, or related field.
• 5+ years of experience in P&C actuarial or insurance analytics work, with exposure to pricing, reserving, capital, regulatory, or related technical areas.
• Completed at least 10 actuarial exams under the new curriculum.
• Preferably passed relevant papers under the old curriculum such as CT3, CT4, CT6, and ST8.
• Preferably passed relevant papers under the new curriculum such as CS1, CS2, and SP8.
• Strong technical knowledge of actuarial and analytical techniques.
• Proficiency in Python and/or R, including experience with data visualization and report generation.
• Advanced Microsoft Office skills, particularly Excel (including VBA) and PowerPoint.
• Strong analytical thinking, problem-solving, and attention to detail.
• Strong communication, interpersonal, with good people management skills.

What makes you stand out

• Good knowledge of regulatory and reporting requirements related to capital, solvency, or insurance financial reporting standards (IF) would be an advantage.
• Deep knowledge of actuarial reserving methodologies, risk transfer techniques, and exposure to quantitative methods such as cashflow projections and stochastic modelling, preferably within Workers Compensation or similar long-tail liability lines of business.
• Experience with statistical modeling, including GLM and machine learning methods such as decision trees, random forest, and XGBoost.
• Good commercial judgment, with the ability to balance technical depth and business needs.
• Confidence in leading client interactions, presenting complex findings, and contributing to business development conversations.
• Ability to work well under pressure, manage competing priorities, and maintain quality across a portfolio of engagements.
• A proactive mindset, with the ability to improve analytics techniques, processes, and outputs.
• Demonstrated ability to coach, develop, and provide performance feedback to junior colleagues effectively.