FBS Actuarial Analyst

Our Client is one of the United States’ largest insurers, providing a wide range of insurance and financial services products with gross written premiums well over US$25 Billion (P&C). They proudly serve more than 10 million U.S. households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 18,500 employees. Finally, our Client is part of one the largest Insurance Groups in the world.

Team Overview

The Actuarial Reserving team supports commercial insurance lines by preparing reserve analyses, maintaining actuarial reporting processes, and supporting financial forecasting activities through accurate reserve calculations and data validation.

Position Summary

The Actuarial Analyst will support actuarial reserving activities through data preparation, dashboard maintenance, reserve reporting, and analysis of assigned lines of business. This role will contribute to monthly and quarterly reserve processes, ensure data accuracy through reconciliation and validation activities, and assist with special actuarial projects as needed.

Key Responsibilities

• Refresh, maintain, and update actuarial dashboards and reporting tools.
• Perform data reconciliation and validation to ensure reporting accuracy.
• Support monthly booking of Incurred But Not Reported (IBNR) reserves for assigned lines of business.
• Prepare data and populate standardized templates for quarterly reserve reviews.
• Assist with reserve analyses for assigned insurance lines.
• Partner with actuarial team members to support recurring reporting processes.
• Participate in special actuarial projects and ad hoc analyses.
• Identify opportunities to improve reporting efficiency and data quality.

Requirements

Minimum Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Computer Science, or a related quantitative field.
• 1-3 years of experience across actuarial, analytical, reporting, and/or data-focused roles, with exposure to a combination of these areas.
• Fluent English.
• Strong analytical and problem-solving skills.
• Ability to work with large datasets and validate data accuracy.

Preferred Qualifications

• Progress toward actuarial certification or completion of actuarial exams.
• Insurance or actuarial reserving experience
• Experience supporting reserve analyses or financial reporting processes.

Critical Skills

Actuarial Skills

• Actuarial Reserving (Entry Level)
• IBNR concepts and reserve analysis exposure
• Data analysis and validation

Technical Skills

• SQL (Entry Level)
• R (Entry Level)
• VBA (Entry Level)
• Microsoft Office Suite (particularly Excel)

Benefits

Competitive compensation and benefits package:

1. Competitive salary and performance-based bonuses
2. Comprehensive benefits package: Grocery vouchers, saving funds, SGMM, etc.
3. Career development and training opportunities
4. Dynamic and inclusive work culture within a globally renowned group
5. Private Health Insurance
6. Pension Plan
7. Paid Time Off
8. Training & Development

Note: Benefits differ based on employee level.

By applying for this position, candidates acknowledge and agree that:

• Personal Data Processing: The personal data provided during the recruitment and selection process will be collected, processed, and retained for legitimate recruitment and compliance purposes, in accordance with applicable data protection and privacy laws and FBS internal policies.

• Legal Authorization to Work: Employment with FBS is conditional upon the candidate having valid, local legal authorization to work in the country where the role is based at the time of hire. FBS does not sponsor or obtain work authorization unless explicitly stated.

• Exclusivity of Employment and Conflict of Interest: Upon acceptance of an offer and during employment with FBS, employees will not be permitted to engage in parallel employment, professional activities, or paid work for other entities. Any ownership, partnership, directorship, or participation in other businesses or companies must be fully disclosed and formally reviewed in accordance with FBS internal conflict‑of‑interest and external engagement policies prior to the start date or as soon as such circumstances arise.

Failure to comply with these conditions may impact the hiring decision or employment continuation.

Originally posted on Himalayas