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Appointed Actuary - Reinsurance(General Insurance)

Pune Permanent View Job Description
As an Appointed Actuary - this individual will ensure the financial soundness of the general reinsurance portfolio through robust reserving, reinsurance pricing, capital and solvency management, risk and accumulation assessment, retrocession strategy, and regulatory compliance. The position acts as a key actuarial advisor to senior management, the Board, auditors, and regulators.
  • Be a part of next-generation private Indian reinsurer
  • Be responsible for providing independent actuarial oversight

About Our Client

Next-generation private Indian reinsurer.

Job Description

  • 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.
  • Analyse portfolio performance to support underwriting strategy and portfolio optimisation decisions.
  • Assess solvency position, capital adequacy, and alignment with the company's 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 optimise capital utilisation.
  • 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.

The Successful Applicant

  • Graduate / Postgraduate degree in Actuarial Science, Mathematics, Statistics, or a related discipline
  • Fellow of the Institute of Actuaries of India (IAI) or IFOA - Mandatory
  • Strong exposure to non-life reserving, reinsurance pricing, and catastrophe risk modelling preferred
  • Candidate should possess a valid IAI Certificate of Practice (COP) or should be able to procure
  • Industry: General Insurance / Reinsurance
  • Experience: 10-15+ years of relevant actuarial experience with strong regulatory and audit exposure
  • At least 4 years of experience post fellowship



What's on Offer

  • Opportunities to contribute to and grow
  • Supportive environment for professional development.



Quote job ref
JN-072026-7073884

Job summary

Function
Insurance
Sub Sector
Actuarial
What is your area of specialisation?
Insurance
Location
Pune
Job Type
Permanent
Job Reference
JN-072026-7073884

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.