Job Description
We are seeking a highly analytical and detail-oriented Actuary to join our team in the insurance industry. The ideal candidate will be responsible for analyzing financial risks, developing predictive models and ensuring compliance with regulatory requirements. This role requires a strong mathematical background, proficiency in statistical analysis, and the ability to interpret complex data to guide strategic decision-making.
Key Responsibilities:
- Conduct risk assessments and financial analyses to determine the probability of loss and potential insurance premiums.
- Develop and apply statistical models to forecast future claims, trends and business risks.
- Collaborate with underwriters, claims managers, and financial analysts to optimize insurance products and pricing strategies.
- Ensure compliance with regulatory requirements and industry standards and other actuarial guidelines.
- Prepare and present reports with data-driven insights to support business decision-making.
- Monitor and evaluate the effectiveness of existing insurance policies and suggest modifications as needed.
- Utilize actuarial software and programming languages for data analysis and modeling.
- Support financial reporting and capital management initiatives.
- Stay updated with industry trends, emerging risks, and regulatory changes affecting the insurance market.
Required Qualifications:
- Bachelor's or Master’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
- Professional certification or progress toward Fellowship or Associate-level credentials
- 4+ years of experience in actuarial roles, preferably in the insurance sector.
- Strong proficiency in actuarial software and programming languages.
- Solid understanding of insurance principles, risk assessment and financial forecasting.
- Excellent analytical, problem-solving, and communication skills.
- Ability to work independently and collaboratively within a team.
- Strong attention to detail and a results-oriented mindset.
Preferred Qualifications:
- Experience in insurance & re-insurance actuarial functions.
- Knowledge of regulatory frameworks.
- Hands-on experience with predictive modeling, machine learning or AI applications in actuarial science.
Compensation & Benefits:
- Competitive salary.
- Group health insurance.
- Professional development opportunities.
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