Reserving
Magma General Insurance Limited
2 - 5 years
Mumbai
Posted: 12/02/2026
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Job Description
- Lead the reserving and reporting activities within the team including periodic valuation of all portfolios backed with the analysis of key trends.
- Provide key insights to the senior management related to different LOBs post valuation activity.
- Submission of various regulatory requirements from time to time. This includes the predefined regulatory submissions as well as the ad-hoc requirements.
- Lead Annual reporting activity including Financial Condition Report, IBNR report and their respective forms.
- Review data, methodologies, assumptions, results and benchmark against market.
- Automation of various manual activities on SAS Viya. Building reserving models/ other statistical models on SAS Viya.
- Develop towards a culture of strong checks and balances and high levels of documentation standard and consistency across regulatory submissions.
- Discussions with underwriting, claims, Finance, RI, etc. and distribution teams for various activities related to reserving and regulatory reporting.
- Involvement in budgeting activity for various key performance indicators.
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