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Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Actuarial Manager

Actuarial & Risk ModellingConfirmed live in the last 24 hours
Full-timeMumbai, Maharashtra, IndiaNo salary listed

About the Job

Requirements

  • A bachelor's or master's degree in a technical discipline such as Actuarial Science, Data Science, Engineering, Physics, Mathematics, or Statistics.
  • Four or more years of work experience.
  • Strong curiosity and proactivity, including the ability to lead internal initiatives and research projects to completion.
  • A collaborative, team-oriented mindset and effective interpersonal skills in colleague and client interactions.
  • Strong organizational skills and attention to detail.
  • Ability to progress multiple projects simultaneously.
  • Proficient in Microsoft Excel and skilled in other Microsoft Office products.

Responsibilities

  • Organize client data, check it for reasonability, load it into predictive models, run the models, share insights with senior colleagues, and compile narratives to help clients understand their degree of risk.
  • Perform basic calculations with client data to assess risk exposures and predict client outcomes in support of the reinsurance transaction process.
  • Research industry and regulatory developments affecting loss liabilities to determine their impact on clients.
  • Generate exhibits, dashboards, and decks to support impactful discussions with clients about reinsurance strategy.
  • Establish and maintain relationships with brokers, clients, reinsurers, and colleagues, and assist in responding promptly to client queries and concerns.
  • Keep teams updated on industry-specific and specialty-related trends that may affect reinsurance programs and calculations.
  • Use the proprietary MetaRisk software suite and internal tools to develop and optimize bespoke reinsurance transactions and evaluate their impact on clients' capital, growth, and volatility objectives.

Desired Qualifications

  • Completion of at least two actuarial exams.
  • Familiarity with programming languages and visualization tools such as R, Python, SQL, Alteryx, and Power BI.
  • Experience in a technical role at a reinsurance broker, market, or catastrophe model vendor.
  • Prior experience in a relevant reinsurance or insurance field and understanding of the reinsurance industry and product lines.

About the Company

Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Marsh & McLennan Companies, which operates under the Marsh brand, is an insurance broker and consulting group serving businesses, governments and institutions worldwide. Its Marsh Risk unit arranges property, casualty, cyber and employee-benefit coverage, while Guy Carpenter places reinsurance for insurers. Mercer advises employers on pay, benefits, retirement and investments, and Oliver Wyman, Lippincott and NERA handle strategy, brand and economic consulting. Brokers earn commissions and fees from placing coverage, and consultants bill client fees or charge fees based on assets or plan members. The company traces its roots to 1871 and is headquartered in New York City.

Company size
10,001+
Company stage
Not listed
Total funding
Not listed
Headquarters
New York, NY
Founded
1871

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