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Business analyst-Actuarial Consultant

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Job Description - Business analyst-Actuarial Consultant

Description

  • Support quarterly and annual loss reserve analyses using actuarial best practices (such as Chain Ladder, Bornhuetter-Ferguson, Expected Loss Ratio, Cape Cod, Berquist Sherman, Frequency /Severity methods).

  • Prepare and analyze loss development patterns, trend, tail factors, and large loss activity.

  • Identify emerging issues and explain reserve movements, variability, and key drivers.

  • Maintain reserving datasets and assist in building automated analytical workflows.

  • Perform exploratory data analysis to identify emerging loss trends and anomalies.

  • Perform roll-forwards, AvE summaries, and other reserving analysis.

  • Support the timely preparation and submission of statutory and regulatory reports, basis jurisdiction.

  • Prepare actuarial exhibits, documentation, and reserve memos for reserve committee packs.

  • Work closely with claims, finance, underwriting, and actuarial teams to understand claim development patterns and business changes affecting reserves.



Responsibilities

  • Support quarterly and annual loss reserve analyses using actuarial best practices (such as Chain Ladder, Bornhuetter-Ferguson, Expected Loss Ratio, Cape Cod, Berquist Sherman, Frequency /Severity methods).

  • Prepare and analyze loss development patterns, trend, tail factors, and large loss activity.

  • Identify emerging issues and explain reserve movements, variability, and key drivers.

  • Maintain reserving datasets and assist in building automated analytical workflows.

  • Perform exploratory data analysis to identify emerging loss trends and anomalies.

  • Perform roll-forwards, AvE summaries, and other reserving analysis.

  • Support the timely preparation and submission of statutory and regulatory reports, basis jurisdiction.

  • Prepare actuarial exhibits, documentation, and reserve memos for reserve committee packs.

  • Work closely with claims, finance, underwriting, and actuarial teams to understand claim development patterns and business changes affecting reserves.



Qualifications

  • Bachelor’s/Master's degree in engineering, economics, mathematics, actuarial sciences, statistics.

  • Affiliation to IAI, IFOA, CAS or SOA with 4+ actuarial exams. 

  • 4-6 years of experience in P&C reserving and regulatory filings.

  • Knowledge of general insurance domain and P&C actuarial concepts is a must. 

  • Experience of Solvency II, IFRS 4, IFRS 17 and/or GAAP reporting is desirable.

  • Working experience in reserving tools such as ResQ, Reservepro, Arius and other relevant tools for data analysis and reserves valuation.

  • Excellent analytical and problem-solving skills, with the ability to analyze large datasets and make data-driven decisions.

  • Strong communication skills, including the ability to effectively communicate complex actuarial concepts to both technical and non-technical stakeholders.

  • Ability to work independently and collaboratively in a team-oriented environment.

  • Detail-oriented with strong organizational and time management skills.

  • Ability to adapt to changing priorities and deadlines in a fast-paced environment.



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