P&C Actuary

EliteRecruitments; Bengaluru; Hybrid; INR 350,000 - 700,000; Full time

Benefits offered by this job

Competitive compensation

Job summary

EliteRecruitments is seeking experienced P&C Actuaries for a flexible/hybrid role. The position focuses on IFRS 17, reserving, pricing and capital modelling within a global actuarial practice.

Ideal candidates have 3–10+ years in P&C actuarial work and hold or are progressing through a recognised actuarial qualification. Strong data analytics and stakeholder management are essential for success in this consulting environment.

Qualifications

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, Engineering, or related quantitative field.

Responsibilities

• IFRS 17 reporting frameworks development, enhancement, and maintenance.
• Perform fulfilment cash flows, risk adjustment, and Contractual Service Margin (CSM) calculations.
• Assist with quarterly and annual IFRS 17 reporting and disclosures.
• Collaborate with finance, accounting, and technology teams to ensure timely reporting.
• Contribute to automation and optimization of IFRS 17 processes and actuarial models.
• Perform reserve analyses across multiple P&C portfolios using recognized techniques.
• Develop, review and enhance pricing models for commercial and personal lines.
• Analyze claims experience, trends, and support pricing and profitability analyses.
• Provide actuarial insights to underwriting, product teams, and capital models.
• Support Solvency II, ORSA and other capital adequacy frameworks where applicable.
• Assist with risk quantification, stress testing and scenario analysis.
• Support reinsurance analysis and capital optimization projects.
• Analyze large insurance datasets to generate actuarial insights.

Skills

IFRS 17

Reserving

Solvency II

ORSA

GLMs

Education

Actuarial degree (Bachelor's/Master's)

IFoA/CAS/SOA qualification progress

Tools

Python

R

SQL

SAS

VBA

Power BI

Tableau

Radar

ResQ

Emblem

Prophet

Tyche

Job description

Property & Casualty (P&C) Actuary – IFRS 17, Reserving, Pricing & Capital Modelling

Location: Flexible / Hybrid

Employment Type: Full-Time

Experience: 3–10+ Years

About the Opportunity

Our client, a leading global consulting and professional services organisation, is seeking experienced P&C Actuaries to join its growing actuarial practice. This is an excellent opportunity to work on complex actuarial engagements across the insurance sector, supporting leading insurers on regulatory transformation, financial reporting, pricing, reserving, and capital modelling initiatives.

The role offers exposure to large-scale transformation programmes, cross-functional collaboration, and the latest actuarial modelling technologies.

Key Responsibilities

IFRS 17

• Support the implementation, enhancement, and maintenance of IFRS 17 reporting frameworks.
• Perform actuarial calculations including fulfilment cash flows, risk adjustment, and Contractual Service Margin (CSM).
• Assist with quarterly and annual IFRS 17 reporting and disclosures.
• Collaborate with finance, accounting, and technology teams to ensure accurate and timely reporting.
• Contribute to the automation and optimisation of IFRS 17 processes and actuarial models.

Reserving

• Perform reserve analyses across multiple Property & Casualty insurance portfolios.
• Apply recognised actuarial reserving techniques, including Chain Ladder, Bornhuetter-Ferguson, Expected Loss Ratio, and stochastic methods.
• Analyse reserve adequacy, trends, and uncertainty.
• Prepare actuarial reports supporting management and regulatory requirements.
• Develop, review, and enhance pricing models for commercial and personal lines of business.
• Analyse claims experience, exposure, frequency, and severity trends.
• Support portfolio profitability analysis and pricing strategy.
• Provide actuarial insights to underwriting and product teams.
• Develop and maintain economic and regulatory capital models.
• Support Solvency II and other capital adequacy frameworks where applicable.
• Perform stress testing, scenario analysis, and risk quantification.
• Support ORSA and enterprise risk management initiatives.
• Assist with reinsurance analysis and capital optimisation projects.

Data & Analytics

• Analyse large insurance datasets to generate actuarial insights.
• Build, validate, and maintain actuarial models using modern analytical tools.
• Automate actuarial processes and reporting.
• Support data quality and governance initiatives.

Required Qualifications

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, Engineering, or a related quantitative discipline.
• Progress towards or completion of a recognised actuarial qualification (IFoA, CAS, SOA, Institute of Actuaries, or equivalent).
• 3–10+ years of experience in Property & Casualty actuarial roles.
• Strong understanding of general insurance principles and actuarial methodologies.

Technical Skills

Experience in one or more of the following:

• IFRS 17
• Reserving
• Solvency II
• ORSA
• GLMs

Preferred technical tools include:

• Python
• R
• SQL
• SAS (preferred)
• VBA
• Power BI or Tableau
• Radar, ResQ, Emblem, Prophet, Tyche, or similar actuarial software

Preferred Experience

• IFRS 17 implementation or reporting projects.
• General insurance consulting or insurer experience.
• Capital modelling and regulatory reporting.
• Model validation and governance.
• Reinsurance pricing and reserving.
• Actuarial transformation programmes.
• Process automation and analytics.
• Strong analytical and quantitative skills.
• Excellent communication and stakeholder management abilities.
• Problem-solving mindset with attention to detail.
• Ability to manage multiple priorities in a fast-paced consulting environment.
• Collaborative approach and commitment to delivering high-quality client outcomes.

Why Apply?

• Opportunity to work with a globally recognised consulting organisation.
• Exposure to high-impact actuarial and regulatory transformation projects.
• Collaborative and intellectually stimulating work environment.
• Strong career progression and professional development opportunities.
• Competitive compensation and comprehensive benefits.