Lead Actuary - P&C Retail Reserving

About Our Client

Our client is a large organization within the financial services industry, specializing in insurance and retail banking services. They are committed to delivering innovative solutions and maintaining a strong market presence.

• Own key actuarial judgments, recommendations, and approvals within the assigned scope, escalating material issues and risks as appropriate.
• Perform end to end reserving activities for relevant lines of business, including premium and claims liability valuations
• Lead regulatory and statutory reserving activities, including calculation and analysis of IBNR, reserves and key actuarial assumptions, and preparation of all regulatory submissions such as Financial Condition Reports (FCR) and IBNR Report
• Build, maintain, and review reserving models using ResQ reserving software or similar reserving systems
• Use Python or SAS to support actuarial analysis, model validation, and process automation
• Apply actuarial methodologies to assess reserve adequacy, experience trends, and emerging risks
• Participates in broader business engagements including P&C business activities, review of business plan assumptions, and partnering with senior management on topics as required.
• Experience with working on Motor TP IIB Data is a plus
• Supports the establishment and operation of Reserving and Technical Committees in accordance with group requirements.
• Advises on reinsurance structures and supports the assessment of reinsurance costs, including participation in reinsurance discussions and negotiations as appropriate.
• Work closely with Finance, Risk, Underwriting, and Business teams to explain reserve movements, assumptions, and results
• Support audits, actuarial reviews, and governance processes
• Product and actuarial pricing experience in the past with experience in controlling and managing actuarial risk within products is a good to have.

• 6-10 years of work experience in P&C reserving lines
• Demonstrated ability to lead actuarial topics independently and operate effectively with limited supervision.
• Hands-on experience with ResQ reserving software or similar reserving systems
• Strong working knowledge of Python / SAS
• Prior experience working with insurance companies
• Experience with working on Motor TP IIB Data is a plus
• Experience in leading actuarial teams
• Extensive regulatory reporting experience, including IBNR, ALM and Financial Condition Reports (FCR)
• 6-7 actuarial exams cleared (out of 13) from IAI (India) or IFoA (UK), (or Singapore / Paris 7 pathway)

• Competitive salary
• Generous leave policy and other benefits.
• Opportunity to work in a large organization within the financial services industry.
• Exposure to challenging projects and career growth opportunities in Mumbai.