Senior Associate – Actuarial

A Leading Global Consultancy is seeking a highly skilled Senior Associate – Non-Life Actuarial to join its financial services and treasury practice. In this technical advisory role, you will provide high-quality consulting and technical services to clients both in India and overseas. Furthermore, you will take responsibility for executing core IFRS 17 implementation and assurance projects. Consequently, this position is crucial for helping insurance organizations navigate complex global regulatory changes and market modernization cycles.

The Senior Associate – Non-Life Actuarial must possess a thorough understanding of non-life insurance products and statutory reporting requirements. Additionally, you will work collaboratively across multiple streams including audit reviews, product pricing, and M&A due diligence frameworks. Therefore, the firm is looking for an expert with advanced spreadsheet capabilities and functional scripting skills. If you are a dedicated professional seeking a fast-paced environment, this role offers an exceptional path.

Key Responsibilities

• Deliver high-quality technical advisory services to domestic and international non-life insurance clients.
• Lead the operational delivery of IFRS 17 and Ind AS 117 model implementation and assurance projects.
• Perform rigorous actuarial audit reviews, liability computations, and statutory valuation tracking.
• Support transaction advisory teams by executing technical actuarial due diligence for corporate buyers or sellers.
• Contribute to corporate product development tracks and the mathematical pricing of insurance products.
• Formulate asset liability management models and align workflows with internal risk frameworks.
• Interact with senior client stakeholders to communicate model limitations and analytical findings.
• Apply advanced modeling techniques using specialized software platforms like ResQ or comparable systems.
• Manipulate large-scale insurance datasets using Excel macros, VBA, or customized Python scripts.
• Collaborate actively across cross-functional consulting squads to resolve complex financial problems.

Requirements and Qualifications

• Graduation with at least 4 actuarial papers cleared from IAI or IFoA under the current curriculum standards.
• 1 to 7 years of core actuarial experience, with at least 3 years explicitly focused on insurance platforms.
• Mandatory practical experience handling IFRS 17 or Ind AS 117 regulatory frameworks.
• Strong working knowledge of General Insurance products, valuation methodologies, and database analysis.
• Advanced mastery of MS Excel combined with functional application familiarity in Python or VBA coding.