Actuarial Consultant | Insurance Risk Analyst

Role overview

Actuarial analysis and portfolio work

• Evaluate insurance risks, financial performance, and portfolio characteristics through actuarial analyses.
• Develop and maintain models for pricing, reserving, forecasting, capital, and risk assessment.
• Analyze claims experience, loss ratios, premium trends, exposure data, and underwriting performance.
• Assess risks across products, customer segments, markets, and portfolios; monitor emerging risks and market or claims trends.
• Support pricing-model development and review, product profitability analysis, and assessment of risk characteristics.
• Analyze profitability and underwriting performance; review guidelines and identify improvements to risk selection.
• Analyze claims and loss development; calculate and validate technical provisions, reserves, and expected claims liabilities.
• Conduct experience studies, assess assumptions, compare actual and expected experience, and investigate material variances.

Risk, reporting, and governance

• Conduct scenario, sensitivity, and stress testing; assess applicable catastrophe, underwriting, mortality, morbidity, longevity, lapse, and other risks.
• Support capital modeling and solvency assessments; analyze risk-adjusted returns and portfolio risk concentrations.
• Prepare reports, risk assessments, management presentations, and analytical summaries; communicate business insights and recommendations.
• Develop dashboards and reporting tools for actuarial and insurance-risk indicators.
• Document models, assumptions, methodologies, and processes; perform model validation, data checks, and reasonableness testing.
• Identify data-quality issues and work with relevant teams to resolve inconsistencies.
• Support regulatory reporting, actuarial reviews, audits, and governance; keep current with regulations, standards, and market practices.
• Assess financial impacts of product, assumption, regulatory, or risk-management changes; recommend model, control, data, and methodology improvements.
• Participate in strategic projects involving insurance risk, portfolio optimization, capital, pricing, and business planning.
• Collaborate with underwriting, claims, finance, risk management, product, and business-development teams.

Qualifications and experience

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative discipline.
• Proven experience in actuarial consulting, insurance risk analysis, pricing, reserving, valuation, or related areas.
• Strong understanding of insurance products, underwriting principles, claims processes, and risk management.
• Knowledge of actuarial concepts, statistical analysis, financial modeling, and risk assessment; experience applying models for pricing, reserving, forecasting, or risk analysis.
• Strong proficiency in Microsoft Excel and financial or actuarial modeling techniques.
• Experience with actuarial software, statistical tools, or R, Python, SAS, SQL, or equivalent is advantageous.
• Insurance capital, solvency, and risk-based capital knowledge is preferred; familiarity with scenario analysis, stress testing, sensitivity analysis, and risk modeling is sought.
• Understanding of actuarial standards, regulatory requirements, and professional practices.
• Strong data analysis, problem-solving, numerical accuracy, attention to detail, and ability to identify trends, anomalies, correlations, and risk drivers.
• Strong report-writing, presentation, communication, and stakeholder-management skills, including explaining technical concepts to non-technical audiences.
• Ability to work with cross-functional teams, manage multiple projects and deadlines, work independently, and contribute in a consulting or insurance environment.
• Professional actuarial qualification or progress toward FIA, FSA, ASA, IFoA, SOA, or equivalent is advantageous; predictive analytics, machine learning, and insurance consulting experience are beneficial.

What the employer offers

• Competitive salary and comprehensive employee benefits.
• Complex actuarial and insurance-risk projects, professional development, actuarial training, and support for relevant examinations and qualifications.
• Exposure to diverse products, portfolios, pricing, reserving, capital modeling, portfolio analysis, insurance strategy, and experienced specialists.
• Opportunities to develop modeling, statistical, and data-analysis capabilities and progress toward senior actuarial, management, consulting, or head-of-function roles.