Senior Analyst - Risk Analytics - Actuarial

Introduction Welcome to Gallagher in India — where expertise, technology, and purpose come together.

Since 2006, Gallagher in India has supported global teams by delivering quality, service, and speed through deep expertise, smart technology, and specialized knowledge services.

More than just an operations center, it’s a place where careers grow through collaboration, continuous learning, and purposeful work.

We drive efficiency, compliance, and innovation so our teams can focus on serving clients.

If you enjoy solving problems and working with purpose, Gallagher is the place where you can grow and feel a sense of belonging.

Overview We’re looking for an Senior Analyst to join the Risk Analytics Actuarial Team in Mumbai. You’ll work with Risk Placement Services (RPS), a leading partner for independent agents and brokers. RPS combines niche expertise with the capabilities of a global organisation, supported by Gallagher, one of the world’s largest insurance brokers. This is your chance to collaborate with a team that values innovation, trust, and collaboration while helping clients find the right coverage. How You’ll Make an Impact In this role, you’ll support reserving and pricing analyses for Property & Casualty insurance lines. You’ll collaborate with US-based teams to monitor profitability, develop pricing models, and provide rate support for new products. You’ll also help maintain data accuracy, streamline processes, and deliver insights that drive decision-making. Here’s what you’ll also do: Conduct profitability reviews and IBNR forecasting. Develop and maintain pricing models and premium generators. Provide rate filing support and respond to regulatory queries. Analyse competitor rates to ensure market competitiveness. Collaborate with teams to improve processes and meet deadlines. About You Here’s what you’ll bring to the role: Knowledge of Python, SQL, and Excel. Familiarity with Power BI or similar tools (advantageous). The ability to interpret data and provide actionable insights. Strong communication skills to explain complex ideas clearly. A collaborative mindset and adaptability to changing priorities. A student member of an actuarial institute (e.g., IAI, IFoA, CAS). How you'll make an impact Responsibilities: The candidate would be a part of the RPS Actuarial team and would be playing a pivotal role in supporting/conducting reserving and/or pricing analyses for various Property & Casualty lines of businesses, collaborating closely with counterparts in the US. The specifics include- For current programs- Own and be accountable for regular segmented quarterly profitability reviews (Incurred & Ultimate Loss Ratios). IBNR forecasting. Monitor profitability and communicate trends to executive leadership. Rate indications and rate filing support as needed. Maintain pricing models (to include raters) and continued program business support. For new programs- Develop actuarial rate support for new products. Develop premium generators and raters. Provide responses to objections/interrogatories from state departments regarding rates & rate support. Conduct competitive rate analyses to ensure rate are both adequate and competitive in the market (pull competitor rate filings and compare to our new product) About you Qualifications:- Graduate/post-graduate with 3+ years of experience in P&C insurance. Proficiency in Microsoft Excel, including the ability to work with large datasets, perform basic calculations. Strong analytical skills with the ability to interpret data and draw meaningful insights. Direct or indirect team management experience is a plus. Familiarity with programming languages such as Python, SQL and R is a plus. Excellent communication skills, both written and verbal to effectively convey complex information. Ability to work collaboratively in a team environment and adapt to changing priorities. Eagerness to learn and develop new skills in the field of Actuarial Science and General Insurance. Ability to plan work effectively to prioritize tasks and meet deadlines. A student member of any of the actuarial institutes but not limited to IAI/IFoA/CAS. Additional Information Compensation and benefits On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get, depending on your job level, these benefits may improve: Medical Insurance and Parental Medical Insurance Accidental Insurance and Life Insurance Retirals - Employee Gratuity, Future Service Gratuity benefit - Group Term Life, Employee Provident Fund, National Pension Scheme Flexi Benefits Plan - Tax Savings Plans Educational expense reimbursement Annual Leave/ Maternity & Paternity Leave/ Additional paid ML, Mental Health Day Other benefits include: Employee Wellness Programs Training programs And more.. We value inclusion and diversity Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest. Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination.