Actuarial Associate

A Leading Global Consultancy is seeking a technical Actuarial Associate to join its specialized actuarial services team. In this pivotal role, you will support a wide range of global clients in life and non-life insurance modeling and valuation projects. Furthermore, you will utilize advanced actuarial software to perform risk assessment and capital modeling. Consequently, this position is vital for delivering high-quality consulting solutions that help our clients navigate complex financial challenges.

The Actuarial Associate must possess a strong mathematical foundation and a drive to complete professional actuarial exams. Additionally, you will participate in data analysis and technical reviews of actuarial work products to ensure the highest quality standards. Therefore, the consultancy is looking for a motivated professional with early-stage actuarial experience. If you are passionate about data science and actuarial modeling, this Actuarial Associate role offers a premier platform for your career development.

Key Responsibilities

• Support global actuarial projects across life, health, and non-life insurance sectors.
• Develop and maintain actuarial models using tools such as Prophet, MG-ALFA, or Excel VBA.
• Perform detailed data cleansing and analysis to support valuation and pricing assignments.
• Assist in the preparation of technical reports and client presentations on risk and capital.
• Participate in the implementation of new reporting standards such as IFRS 17 and Solvency II.
• Conduct sensitivity analysis and stress testing of actuarial model assumptions.
• Work collaboratively with senior actuaries to solve complex technical problems.
• Ensure all actuarial work products meet the firm’s strict quality and peer-review standards.
• Contribute to the development of internal tools and innovative actuarial approaches.
• Proactively manage personal development and progress through professional actuarial exams.

Requirements and Qualifications

• Degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• 1 to 3 years of experience in an actuarial function or consulting environment.
• Successful completion of at least 3 to 5 actuarial papers from a recognized institute (IAI/IFoA).
• Proficiency in MS Excel and exposure to actuarial modeling software (Prophet preferred).
• Strong analytical, programming (Python/R), and problem-solving skills.
• Excellent written and verbal communication skills for technical reporting.