Overview

How You’ll Make an Impact

• Conduct ground-up analysis to understand client portfolios.
• Build and maintain loss models based on experience and exposure.
• Communicate complex technical information to non-technical stakeholders.
• Support the growth and development of team members.

About You

• A strong understanding of insurance principles and regulations.
• Analytical skills to interpret data and draw meaningful insights.
• The ability to explain complex ideas clearly to different audiences.
• A collaborative mindset and eagerness to learn.
• Experience in actuarial science or related fields.

• Analyzing data and trends to help clients make informed decisions of the optimal reinsurance strategies they should adopt
• Performing ground up analysis and loss ratio investigations to build client portfolio understanding
• Build comprehensive loss models based on experience and exposure analysis in accordance with client’s risk profiles and industry standards
• Estimate reinsurance treaty pricing for clients mainly in Property, Casualty, Marine, Aerospace, etc. lines of business (depending on the market/team)
• Reinsurance structure optimisation and profitability analysis to manage earnings volatility and solvency risk for clients
• Collaborating with cross-functional teams to ensure actuarial principles and techniques are accurately implemented in product development and pricing strategies
• Generating reports and presentations summarizing analyses and findings to support business decision-making
• Contributing towards the Industry studies and benchmarking activities, that aim at promoting Gallagher Re as thought leaders in the reinsurance marketplace
• Providing valuable insights and support to clients while continuously improving processes through innovation in the form of tool development and automation of Actuarial analysis

• Graduate/Post-graduate, preferably in Stats/Maths/Eco/Commerce
• A member of any recognized Actuarial institute like Institute of Faculties of Actuaries – UK (IFoA), Institute of Actuaries of India (IAI), etc.
• 2 - 5 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further.
• Excellent MS Office skills, particularly Excel is essential.
• Knowledge of VBA, SQL, Python, R, Power BI etc. is an added advantage.

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level, these benefits may improve:

• Medical Insurance and Parental Medical Insurance
• Accidental Insurance and Life Insurance
• Retirals - Employee Gratuity, Future Service Gratuity benefit - Group Term Life, Employee Provident Fund, National Pension Scheme
• Flexi Benefits Plan - Tax Savings Plans
• Educational expense reimbursement
• Annual Leave/ Maternity & Paternity Leave/ Additional paid ML, Mental Health Day

Other benefits include:

• Employee Wellness Programs
• Training programs
• And more..

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination.