Specialist - Actuarial

Marsh is a global leader in insurance broking and risk management

Marsh McLennan Global Services India Private Limited (MMGS) is seeking candidates for the following position based in the Mumbai, India office:

Analyst – Analytics Solutions, Marsh Advisory

What can you expect?

• The Analyst will work within the Analytics Solutions team of Marsh Advisory, reporting to the Manager / Deputy Manager of the team.
• Perform and develop a wide variety of financial and statistical analysis to help Marsh’s clients quantify the risks they face and make decisions on how best to protect themselves against those risks.
  
  

What is in it for you?

• A clear career path with a hybrid of technical track and management track to grow in the company.
• In the technical track, the candidate will be developing sophisticated actuarial and analytics skill sets in assessing complex risk transfer solutions;
• In the management track, the candidate will develop skills sets in business and sales strategy, communications with clients, leading and designing internal and external training and marketing campaigns.
• Opportunity to work on developing specialties in Predictive Modelling, Commercial Pricing, and Stochastic Modelling, CAT modelling, Reserving, ERM and Non Traditional actuarial work.
• Exposure to work with colleagues and clients globally
  
  

We will count on you to:

• Assist in the development of new, market-leading analytics-based tools to assess risk under direct supervision.
• Perform basic quantitative modelling and statistical analysis in order to assess risk and viability of risk mitigation solutions.
• Provide research support to identify recommendations that minimize the cost of risk.
• Assist in matching analytical services to clients financial needs to forecast risk, losses, and financial impact.
• Apply basic understanding of product and risk assessment and possible outcomes by scenario testing.
• Support team members in designing analytical models and processes to help internal and external clients quantify and mitigate risks.
• Support projects and tool development by doing relevant research.
• Assist in preparing reports and presentations relating to actuarial advice.
  
  

What you need to have:

• A degree in Statistics/Mathematics/Actuarial/Computer Science/Engineering
• 1-2 years of experience
• Cleared 2-6 actuarial papers. Preferably (CS1, CS2, CM2)
• Detailed knowledge of actuarial pricing techniques
• Detail orientation, communication and interpersonal skills
• Microsoft Office skills, particularly in Excel (including VBA a plus)
• Working knowledge of programming languages such as Python or R.
  
  

What makes you stand out?

• Strong communication skills with an ability to work in a team.
• A commercial sense to apply proportionality to the depth of analytics used versus desired output.
• Work to a high standard of accuracy under pressure and to deliver results within agreed timescales
• Ability to take initiatives to strive for improvement in analytics techniques, process and output.
  
  

Marsh is a global leader in insurance broking and risk management. We have more than 30,000 colleagues working together to serve our clients in more than 130 countries.

About Marsh:

• We provide risk management, risk consulting, insurance broking, alternative risk financing and insurance program management services to businesses, government entities, organizations and individuals around the world.
• Comprehensive global expertise – 26 industry practices and more than 30 risk and specialty practices.
• We serve 80% of the Fortune Global 500 and 85% of the Fortune Global 100.
• Our extensive global footprint spans approximately 500 offices worldwide.
  
  

“We are Marsh”

Marsh | Global Leader in Insurance Broking and Risk Management

Marsh is a global leader in insurance broking and risk management, bringing global, national, and industry-specific solutions.

Marsh, a business of Marsh McLennan (NYSE: MMC), is the world’s top insurance broker and risk advisor. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

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