We are looking for a talented and dynamic individual to join our Treaty Reinsurance team (Guy Carpenter) team at Marsh Risk India, a Marsh business. This role is based in Mumbai. This is a hybrid role that has a requirement of working at least three days a week in the office
About the job
We are seeking a high-performing technically adept Actuary to join our Actuarial Analytics team in Mumbai, India, supporting clients across the region.
This commercially relevant role involves producing technical outputs aligned with commercial outcomes, working closely with senior stakeholders to deliver insight-driven analytics, support reinsurance strategy, and contribute to regional growth.
We will count on you to:
- Partner closely with Reinsurance brokers to support portfolio strategy, client engagement, and business growth initiatives.
- Perform technical assessments across general insurance portfolios including pricing adequacy, volatility analysis, retention optimization, and reinsurance structuring.
- Develop, validate, and interpret analytical outputs using sound actuarial judgment and first-principles thinking.
- Build and review loss projections, stress scenarios, and portfolio performance metrics to support reinsurance decision-making.
- Translate technical outputs into commercially relevant insights and clear market-facing narratives.
- Support structuring and optimization of proportional and non-proportional reinsurance solutions including quota share, excess of loss, and hybrid arrangements.
- Collaborate with brokers and regional stakeholders on client presentations, strategic discussions, and renewal negotiations.
- Utilize internal tools (e.g., MetaRisk, portfolio models) and bespoke analytical frameworks to develop practical reinsurance solutions.
- Challenge assumptions, validate methodologies, and ensure outputs remain technically robust, commercially relevant, and aligned with governance standards.
- Take ownership of deliverables while operating within established peer review and oversight frameworks.
- Contribute to analytics framework development, process improvement, and knowledge sharing across regional teams.
- Maintain strong working relationships with brokers, clients, reinsurers, and internal stakeholders across IMEA.
Why this role:
- Exposure to multi-market IMEA portfolio
- Opportunity to work on high-impact reinsurance decisions
- Steep learning curve across technical, commercial, and client-facing dimensions
What you need to have:
- Qualified or Near-qualified actuary (FIAI/FIA/FCAS or equivalent).
- Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Engineering, Data Science, or related quantitative discipline.
- 8+ years of relevant actuarial or reinsurance analytics experience.
- Strong technical understanding of actuarial principles, portfolio analytics, reinsurance pricing and reinsurance structures.
- Ability to independently assess analytical reasonability, validate outputs, and identify inconsistencies or flawed assumptions.
- Strong commercial awareness with the ability to connect technical findings to practical market outcomes.
- Ability to communicate complex analytical concepts clearly and concisely to both technical and non-technical stakeholders.
- High attention to detail with strong ownership mindset and accountability for quality of output.
- Ability to manage multiple priorities and deliver under tight timelines in a fast-paced environment.
- Collaborative working style with strong interpersonal and stakeholder management skills.
What makes you stand out:
- Experience within a reinsurance broker, reinsurer, or an insurer environment.
- Prior exposure to client-facing discussions, renewal support, and reinsurance placement strategy.
- Experience working across multiple markets and product lines within a regional setup.
- Familiarity with analytical and visualization tools such as R, Python, SQL, Alteryx, Power BI, or equivalent platforms.
- Ability to balance technical depth with commercial practicality and communication quality.
Why join our team:
- We help you be your best through professional development opportunities, interesting work and supportive leaders.
- We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
- Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X.
Marsh 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 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 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.
