Assistant Manager-reserving (Start ASAP)

About ACKO

ACKO is a general insurance company started in 2016 as India’s first digital insurer and is currently the fastest-growing insurance company in the country. It has revved up insurance with technology and given it a striking makeover—and has taken it online, wiped out much of the paperwork associated with it, created products that are a cut above the ho-hum, and sold them to over 50 million unique customers.

Your role

Responsibilities:

• Reserve for different lines of business, analyze the performance of various LOBs, ensure reserve adequacy, calculate margin for adverse deviations, etc.
• Develop actuarial models for liability valuation, ALM, etc.
• Assist the leaders in managing activities such as policyholders’ liability valuation, capital management, regulatory actuarial submissions, and actuarial Board submissions.
• Coordinate with other function heads such as Finance, Claims, Underwriting, etc. to streamline the daily operations
• Coordinate with Product, Technology, and Analytics teams to build automated data structures and reports for corporate actuarial models
• Conduct solvency projections and raise capital requirement calls

Training, & development 

The Employee Onboarding process starts with an orientation session, to learn about the company's culture, mission, and values. Followed by training which may include not only job-specific skills but also company-wide functions.Focusing on continuous improvement of staff knowledge, capabilities, and skills.

Benefits

AKCO offers exciting work with lots of perks:

• Insurance, healthcare, and wellness
• Healthy work-life harmony
• Community and engagement
• Childcare support and parental leave
• Great learning and development.

Career progression

ACKO has clear and transparent career paths, learning and development opportunities, regular feedback and performance reviews, internal promotions, and inclusive practices are crucial factors for employees when evaluating their career growth potential within an organization.

Work-life balance

They are committed to nurturing both physical and emotional growth, as they understand the significant impact it has on productivity and employee retention. Their work environment is welcoming and promotes diversity, making it one of the top in the industry. Generally, work days span from Monday to Friday, offering flexibility in scheduling.

Culture & vibe

Acko has a friendly and vibrant work environment with several programs to ensure staff motivation and healthy working conditions. They have a dynamic team of colleagues who are passionate about innovating and disrupting the insurance industry in India. It allows being part of an early-stage potential start-up. Independence and ownership in both design and execution where conceptualization to execution cycle is in weeks and not in months. The company has a good platform to work with senior stakeholders to drive multiple strategic initiatives.

About you

Requirements:

• 0-2 years of experience in reinsurance or/and reserving
• Sharp analytical mind, someone who enjoys thinking on their feet and devising innovative solutions to complex problems
• Keen attention to detail
• Great stakeholder management skills (both internal and external)
• Above-average educational background

How to apply

To apply for this role, click on the "Apply on employer site" button below, which navigates to the career section where the application can be submitted directly.

Source

• Acko.com/group-health-insurance/employee-onboarding/
• Glassdoor.co.in/Reviews/ACKO-General-Insurance-Reviews-E1978357.htm