P&C Actuarial Specialist - Reserving

We are looking for an Actuarial Expert with experience in core reserving.

Exp : 2yrs to 9yrs

Location : Trivandrum/Pune(Hybrid)

Mandatory Skills: Reserving, Res Q, Python Or R programming skills

Overview:

You are passionate about using actuarial insight to support better commercial decision‑making and take pride in producing analysis that is accurate, well‑governed and decision‑ready.

With experience in Pricing and/or Reserving, you bring strong actuarial judgement, attention to detail and a disciplined approach to applying actuarial standards. You are comfortable working with uncertainty, explaining results clearly, and constructively challenging existing approaches where appropriate.

You are a strong team player who collaborates well across functions, supports the development of junior colleagues, and is able to step in to provide cover and continuity when required.

We’re looking for:

• A strong actuarial background (qualification desirable)
• Significant experience in Pricing and/or Reserving, with valuation and claims development expertise
• Excellent working knowledge of actuarial methods and principles
• Advanced proficiency in Excel, and strong capability in data manipulation using tools such as Python and/or SAS, and actuarial tooling (e.g. ResQ)
• Strong attention to detail and commitment to actuarial standards, governance and documentation
• Comfortable challenging the norm constructively and supporting continuous improvement.

The Details

• Deliver valuation and reporting outputs that support the Pricing Best Estimate (PBE) and Pricing’s independent view of claims costs.
• Develop and maintain claims development analysis (including claims triangles) and assess past and projected ultimate claims costs.
• Analyse and manipulate data using appropriate actuarial and data tools (e.g. ResQ, SAS, Python, advanced Excel) to ensure outputs are accurate, controlled and repeatable.
• Produce clear commentary and presentation material to support senior forums, including Insurance Committee, Trade Committee and Pricing & Underwriting forums.
• Apply strong actuarial standards and governance, including documentation of methods, assumptions, checks and limitations.
• Work closely with Reserving, Finance, Claims and Data to ensure assumptions and methodologies are robust, understood and consistently applied.
• Mentor and support junior members of the team through technical guidance, review and knowledge sharing.
• Deputise for the Pricing Valuation and Reporting Manager when required to ensure continuity of delivery and stakeholder engagement.

Disclaimer: At Allianz Services, we believe in fostering an inclusive workplace and in giving fair and equitable opportunities to all our employees, so everyone can succeed. We, the Allianz Services India community, welcome applications from all regardless of gender identity and/or expression, sexual orientation, race or ethnicity, age, nationality, religion, disability, or philosophy of life

97983 | Actuarial | Professional | Non-Executive | Allianz Services | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.  

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. 

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. 

Join us. Let's care for tomorrow. 

Note: Having different strengths, experiences, perspectives and approaches is an integral part of Allianz‘ company culture. One means to achieve this is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.