Role:Actuarial Business Analyst
JD:
Must have strong Life Actuarial & data skills
Highly experienced Senior Business Functional Analyst specializing in Insurance Actuarial Business Analysis with extensive experience spanning at least 7-10 years.
Candidate should possess profound expertise in pricing and actuarial functionalities within the insurance domain.
This role requires a deep understanding of actuarial principles, insurance products, and business processes to effectively bridge the gap between business requirements and technical solutions
Responsibilities:
Actuarial Expertise: Leverage comprehensive knowledge of actuarial principles, methodologies, and techniques to support pricing, reserving, and financial forecasting activities.
Business Analysis: Collaborate with stakeholders including actuaries, underwriters, product managers, and IT teams to elicit, analyze, and document business requirements.
Requirements Management: Manage and prioritize business requirements, ensuring alignment with organizational objectives and regulatory compliance.
Functional Design: Develop detailed functional specifications and user stories, translating business requirements into clear and concise deliverables for development teams.
Data Analysis: Analyze large datasets to identify trends, patterns, and insights that inform pricing strategies and risk assessment.
Solution Evaluation: Evaluate proposed solutions and enhancements, providing recommendations based on business impact, feasibility, and cost-benefit analysis.
Stakeholder Communication: Facilitate communication between business stakeholders and technical teams, ensuring mutual understanding of requirements and expectations.
Testing Support: Collaborate with quality assurance teams to define test cases, validate solution functionality, and support user acceptance testing.
Training and Support: Provide training and support to end-users, ensuring smooth adoption of new systems and processes.
Continuous Improvement: Stay abreast of industry trends, best practices, and emerging technologies, proactively identifying opportunities for process optimization and innovation.
Qualifications:
Bachelor's degree in Actuarial Science, Statistics, Finance, or related field.
Professional actuarial designation (e.g., ASA, FSA, ACAS) strongly preferred.
At least 7-10 years of strong on-ground experience in a business analysis role within the insurance industry, with a focus on actuarial functions and pricing.
In-depth understanding of insurance products, including life, health, general insurance and reinsurance.
Proficiency in actuarial software (e.g., Prophet, AXIS, MG-ALFA) and data analysis tools (e.g., SQL, R, Python).
Strong analytical and problem-solving skills, with the ability to manipulate and interpret complex data sets.
Excellent communication skills, with the ability to effectively convey technical concepts to non-technical stakeholders.
Proven track record of successful project delivery, including requirements gathering, solution design, and implementation.
Ability to work independently and collaboratively in a fast-paced, dynamic environment, managing multiple priorities and deadlines effectively.
Commitment to continuous learning and professional development, with a passion for driving innovation and process improvement in the insurance industry.
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