Risk Analytics Analyst, Actuarial

Introduction Welcome to Gallagher in India where expertise, technology, and purpose come together. Since 2006, Gallagher in India has supported global teams by delivering quality, service, and speed through deep expertise, smart technology, and specialized knowledge services. More than just an operations center, its a place where careers grow through collaboration, continuous learning, and purposeful work. We drive efficiency, compliance, and innovation so our teams can focus on serving clients. If you enjoy solving problems and working with purpose, Gallagher is the place where you can grow and feel a sense of belonging. Overview OverviewWere looking for an Analyst to join the Gallagher Re Actuarial Team in Mumbai. Backed by Gallagher, one of the worlds largest insurance brokers, youll work with a global team that uses data and analytics to design reinsurance solutions tailored to client needs. This is your chance to collaborate with experts, enhance your skills, and make a real impact in a dynamic and supportive environment. How Youll Make an ImpactIn this role, youll analyse data and trends to help clients make informed decisions about their reinsurance strategies. Youll build loss models, investigate loss ratios, and provide insights that drive decision-making. Youll also collaborate with cross-functional teams to ensure actuarial principles are applied effectively in pricing and product development. Heres what youll also do: Estimate reinsurance treaty pricing for various lines of business, including Property, Casualty, Marine, and Aerospace.Optimise reinsurance structures to manage earnings volatility and solvency risks.Generate reports and presentations to support business decisions.Contribute to industry studies and benchmarking activities to position Gallagher Re as a thought leader.Innovate processes through tool development and automation.About YouHeres what youll bring to the role: A graduate or postgraduate degree, preferably in Statistics, Mathematics, Economics, or Commerce.Membership in a recognised actuarial institute (e.g., IFoA, IAI) with 36 actuarial exams cleared.13 years of relevant experience.Strong skills in MS Excel, with knowledge of VBA, SQL, Python, R, or Power BI being an advantage.Excellent communication skills to explain complex ideas clearly.A collaborative mindset and eagerness to learn and grow. How you'll make an impact Responsibilities: The successful candidate must have a deep understanding of insurance principles and regulations and be able to effectively communicate complex technical information to non-technical stakeholders. As an important member of the team, the candidate would be responsible for the growth and development of other members of the team, ultimately contributing to the overall success of the team and organization. Analyzing data and trends to help clients make informed decisions of the optimal reinsurance strategies they should adoptPerforming ground up analysis and loss ratio investigations to build client portfolio understandingBuild comprehensive loss models based on experience and exposure analysis in accordance with clients risk profiles and industry standardsEstimate reinsurance treaty pricing for clients mainly in Property, Casualty, Marine, Aerospace, etc. lines of business (depending on the market/team)Reinsurance structure optimisation and profitability analysis to manage earnings volatility and solvency risk for clientsCollaborate with cross-functional teams to ensure actuarial principles and techniques are accurately implemented in product development and pricing strategiesGenerate reports and presentations summarizing analyses and findings to support business decision-makingContribute towards the Industry studies and benchmarking activities, that aim at promoting Gallagher Re as thought leaders in the reinsurance marketplaceProvide valuable insights and support to clients while continuously improving processes through innovation in the form of tool development and automation of Actuarial analysis About you Qualifications: Graduate/Post-graduate, preferably in Stats/Maths/Eco/CommerceA member of any recognized Actuarial institute like Institute of Faculties of Actuaries UK (IFoA), Institute of Actuaries of India (IAI), etc.3-6 Actuarial exams cleared as per the new Curriculum, along with zeal of pursuing the qualification further.Relevant experience of 1 - 3 yearsExcellent MS Office skills, particularly Excel is essential.Knowledge of VBA, SQL, Python, R, Power BI etc. is an added advantage. Additional Information At Gallagher, we believe supporting our colleagues goes far beyond the role itself. For more information, visit our Benefits page. Competitive compensationComprehensive benefits programs designed to support your well-being Career development opportunities and ongoing learning A collaborative, people-first culture with accessible leadership The opportunity to do meaningful work with global reach