Happiest Minds Technologies
Website:
happiestminds.com
Job details:
Actuarial Business Analyst
We are seeking an experienced Actuarial Business Analyst with strong actuarial domain expertise and a solid understanding of technology and system implementations. The ideal candidate will act as a bridge between actuarial teams and technology teams, ensuring business requirements are effectively translated into technical solutions. The role requires deep knowledge of actuarial processes, insurance products, and data-driven decision-making along with exposure to modern technology platforms and system integrations.
Job Summary
The Actuarial Business Analyst will collaborate with actuarial, underwriting, and finance teams to gather and analyze business requirements, translating them into functional and technical specifications. This role will support the design and enhancement of actuarial systems, ensuring alignment with business objectives and facilitating effective communication between actuarial and technology teams.
Responsibilities
- Actuarial Domain & Business Analysis: Work closely with actuarial, underwriting, and finance teams to gather and analyze business requirements. Translate actuarial models, calculations, and business logic into clear functional and technical requirements. Support actuarial processes such as pricing, reserving, risk analysis, and regulatory reporting. Analyze actuarial data, assumptions, and calculations to ensure alignment with business objectives. Participate in the design and enhancement of actuarial systems and tools.
- Technology & System Integration: Act as a liaison between actuarial SMEs and technology teams during system implementations or enhancements. Support development and implementation of actuarial modeling systems, data platforms, and reporting tools. Provide inputs for data mapping, system configuration, and validation of actuarial calculations. Assist in UAT planning, execution, and validation for actuarial systems or product implementations. Work with IT teams on system improvements, automation, and integration with enterprise platforms.
- Data & Reporting: Analyze large datasets related to insurance portfolios, claims, and risk exposure. Support the creation and validation of actuarial reports, dashboards, and analytics outputs. Ensure accuracy and integrity of actuarial data used in business processes.
- Stakeholder Management: Collaborate with actuarial teams, product teams, IT, and business stakeholders to deliver solutions. Communicate complex actuarial concepts in a simplified way for technical teams. Facilitate workshops, requirement sessions, and solution discussions.
Mandatory Skills
- 8?10 years of experience as a Business Analyst within the Actuarial / Insurance domain.
- Strong understanding of actuarial concepts such as pricing, reserving, risk modeling, and insurance products.
- Experience working with actuarial models, actuarial systems, or insurance analytics platforms.
- Good understanding of technology systems, data architecture, and system integration concepts.
- Experience in Requirement Gathering and Analysis, documentation (BRD, FRD), and functional specifications.
- Strong Quantitative Analysis and problem-solving skills.
- Excellent TA-Stakeholder management abilities.
Preferred Skills
- Familiarity with modern data analytics tools and platforms.
- Experience in agile methodologies and project management.
- Knowledge of regulatory requirements in the insurance industry.
Qualifications
Bachelor's degree in Actuarial Science, Mathematics, Finance, or a related field. Professional actuarial qualifications (e.g., ASA, FSA) are a plus.
Agile, Requirement Gathering and Analysis, Business Analysis, Scrum Framework
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