Appointed Actuary

As the Appointed Actuary General Insurance in Pune, your role involves providing independent actuarial oversight of the non-life reinsurance business. You will ensure the financial soundness of the general reinsurance portfolio through various activities such as robust reserving, reinsurance pricing, capital and solvency management, risk and accumulation assessment, retrocession strategy, and regulatory compliance. You will act as a critical actuarial advisor to senior management, the Board, auditors, and regulators.

• *Key Responsibilities:**
• Certify appropriate technical reserves for general reinsurance, including IBNR and outstanding claims liabilities.
• Monitor loss development patterns, reserve adequacy, and portfolio volatility across reinsurance treaties.
• Identify emerging experience trends and reserve risks impacting the reinsurance portfolio.
• Lead actuarial pricing, experience analysis, and profitability assessments for general reinsurance treaties.
• Support underwriting teams on pricing assumptions, risk evaluation, limits, deductibles, and treaty structures.
• Analyze portfolio performance to support underwriting strategy and portfolio optimization decisions.
• Assess solvency position, capital adequacy, and alignment with the companys risk appetite framework.
• Conduct stress testing and scenario analysis, including catastrophe and accumulation risk assessments.
• Develop and review retrocession and risk transfer strategies to manage volatility and optimize capital utilization.
• Prepare actuarial opinions, certifications, and reports for the Board, Audit Committee, regulators, and external auditors.
• Ensure compliance with applicable actuarial standards, regulatory requirements, and professional guidelines.
• Ensure accuracy, integrity, and governance of actuarial data, models, and assumptions.
• Identify and manage actuarial risks and uncertainties inherent in general reinsurance operations.
• Lead and develop the general reinsurance actuarial team, ensuring technical capability and governance standards.
• Act as the principal actuarial advisor on non-life reinsurance matters to senior management and key stakeholders.
• Stay current with developments in general reinsurance markets, actuarial practices, and regulatory frameworks.
• *Educational Qualifications & Certifications:**
• Graduate / Postgraduate degree in Actuarial Science, Mathematics, Statistics, or a related discipline
• Fellow of the Institute of Actuaries of India (FIAI) or equivalent Mandatory
• Strong exposure to non-life reserving, reinsurance pricing, and catastrophe risk modeling preferred

In this role, you will need to have 1015+ years of relevant actuarial experience with strong regulatory and audit exposure in the general insurance industry. Your key competencies and skills will include general reinsurance reserving and pricing, loss development and volatility analysis, catastrophe and accumulation risk management, capital and solvency assessment, regulatory compliance, and audit interaction, as well as leadership, communication, and stakeholder management.

This is a full-time, permanent position that may require travel as necessary for regulatory, audit, or business needs. As the Appointed Actuary General Insurance in Pune, your role involves providing independent actuarial oversight of the non-life reinsurance business. You will ensure the financial soundness of the general reinsurance portfolio through various activities such as robust reserving, reinsurance pricing, capital and solvency management, risk and accumulation assessment, retrocession strategy, and regulatory compliance. You will act as a critical actuarial advisor to senior management, the Board, auditors, and regulators.

• *Key Responsibilities:**
• Certify appropriate technical reserves for general reinsurance, including IBNR and outstanding claims liabilities.
• Monitor loss development patterns, reserve adequacy, and portfolio volatility across reinsurance treaties.
• Identify emerging experience trends and reserve risks impacting the reinsurance portfolio.
• Lead actuarial pricing, experience analysis, and profitability assessments for general reinsurance treaties.
• Support underwriting teams on pricing assumptions, risk evaluation, limits, deductibles, and treaty structures.
• Analyze portfolio performance to support underwriting strategy and portfolio optimization decisions.
• Assess solvency position, capital adequacy, and alignment with the companys risk appetite framework.
• Conduct stress testing and scenario analysis, including catastrophe and accumulation risk assessments.
• Develop and review retrocession and risk transfer strategies to manage volatility and optimize capital utilization.
• Prepare actuarial opinions, certifications, and reports for the Board, Audit Committee, regulators, and external auditors.
• Ensure compliance with applicable actuarial standards, regulatory requirements, and professional guidelines.
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