Associate Actuary

at  Capgemini

CAPGEMINI IS SEEKING A HIGHLY SKILLED AND DETAIL-ORIENTED AN ASSOCIATE ACTUARIAL TO JOIN OUR TEAM.

The role involves data extraction and manipulation using Excel and R, extracting loss and premium data from the finance system, and producing booking transmittals.
Our Client is one of the United States’ largest insurers, providing a wide range of insurance and financial services products with gross written premiums well over US$25 Billion (P&C). They proudly serve more than 10 million U.S. households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 18,500 employees. Finally, our Client is part of one the largest Insurance Groups in the world.

WORK EXPERIENCE IN THIS FIELD

• Minimum Required: 1-3 years

REQUIRED EDUCATION

• Minimum Required: Bachelor’s degree

OTHER CRITICAL SKILLS

• Financial Reporting: Entry Level
• Data Management: Intermediate
• Understanding of US insurance company operations.
• A business-oriented focus (motivated, self-directed, organized, and analytical)
• Proven ability to work well in a team environment as well as independently.

SOFTWARE / TOOL SKILLS

• Excel: Intermediate
• Office Suite: Intermediate
• MG ALFA: Intermediate

THE PRICING TEAM IS RESPONSIBLE FOR PRICING (UTILIZING MG ALFA) A SUITE OF LIFE INSURANCE PRODUCTS INCLUDING TERM, WHOLE LIFE, AND INDEX UNIVERSAL LIFE. IN ADDITION TO RUNNING PRICING MODELS, PRICING ACTUARIES ARE EXPECTED TO SUPPORT ASSUMPTION SETTING, TECHNICAL SUPPORT FOR CUSTOMER SERVICE, RATE SETTING, ETC.

• Extracting and reconciling data for reserve analysis and reporting.
• Analyzing and presenting loss and loss adjustment expense reserves for assigned book of business using various actuarial methodologies, including Life & Insurance pricing and modeling reserves with actual vs. expected analysis.
• Maintaining and modernizing analysis tools in Excel, R and MG ALFA.
• Aggregating and rolling up enterprise loss and loss adjustment expense information.
• Financial Reporting including IFRS17.
• Ensure financial reporting compliance with insurance legislation and regulations.
• Support reserving meetings with Executives and the Board of Governors.
• Conducting ad-hoc analysis as needed.
• Collaborate with Product teams, Claims, Accounting, Planning & Performance Management, Reinsurance, auditors, and internal/external reinsurers.