Manager - Reserving

Posted 14 Days Ago
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Bengaluru, Bengaluru Urban, Karnataka, IND
In-Office
Mid level
Insurance • Financial Services
The Role
Support reserving across multiple general insurance lines, assess reserve adequacy, calculate margins for adverse deviations, and analyze business performance. Collaborate with Finance, Claims, Underwriting, Risk, and IT teams; contribute to regulatory and Board-level actuarial reporting, IFRS 17 activities, automation initiatives, Risk-Based Capital projects, and other strategic actuarial work.
Summary Generated by Built In
About Us

ACKO is the protection destination for over 200 million tech-savvy families across India, protecting their families, assets and money. Launched in 2016, ACKO started by reimagining insurance, making it simple, hassle-free and customer-first. Today, our mission goes beyond that: we aim to touch the lives of 1 million users, building products that solve real-world problems with technology at the core.

We are not just another insurance company, our DNA is product-tech, and our approach is bold, innovative, and digital-first. From zero commission, zero paperwork, and instant renewals to same-day claims settlements and app-based tracking, ACKO is a Welcome Change from traditional insurers.

But what truly sets us apart? Our people. At ACKO, every Acker’s voice and ideas matter. We’re a vibrant, inclusive team of creators, thinkers, and doers, building products that redefine protection while ensuring each Acker grows, thrives and does meaningful work.

Join us at ACKO, where bold ideas, real impact and tech-driven innovation redefine protection and peace of mind - and where YOU can make a real difference in people's lives. ACKO is a product-tech company, launched in 2016, solving real-world problems for customers, starting with insurance. And as a customer-first organization serving the digitally-savvy, ACKO’s value proposition of ‘Welcome Change’ focuses on offerings that make insurance simple and hassle-free! With features such as zero commission, zero paperwork, instant renewal, same-day claim settlements, and app-based updates on claims, ACKO is a 'Welcome Change' from traditional insurers.

Having said that, we are not just another conventional insurance firm, or the people consulted solely for "claims”! Anchored in a tech-centric philosophy, ACKO’s approach fuels innovation, empowering us to develop comprehensive products that cater to every aspect of our customers' insurance requirements. And while we are at it, we put our Ackers at the heart of everything we do. We're not your typical 9-to-5 workplace; we're a vibrant and inclusive bunch of innovators and creators making sure every Acker’s idea matters, their voice is heard, and their growth is part of our mission.

What will you do
  • Support reserving across multiple lines of business (LOBs), analyze business performance, assess reserve adequacy, and calculate margins for adverse deviations.

  • Collaborate with internal stakeholders, including Finance, Claims, Underwriting, Risk, and IT, to drive actuarial insights and business outcomes.

  • Contribute to regulatory actuarial submissions and Board-level actuarial reporting.

  • Partner with teams on automation initiatives to streamline and improve business-as-usual (BAU) actuarial processes.

  • Support IFRS 17 implementation, reporting, and related actuarial activities.

  • Contribute to projects such as Risk-Based Capital (RBC) and other strategic actuarial initiatives.

Who We Are Looking For
  • 2–4 years of experience in the General Insurance (GI) industry.

  • Minimum of 4 actuarial papers cleared; CM2 preferred.

  • Strong analytical and problem-solving skills, with the ability to think critically and develop innovative solutions to complex problems.

  • High attention to detail and a strong commitment to accuracy.

  • Effective stakeholder management and communication skills, with the ability to collaborate across internal and external teams.

  • Strong academic background and a willingness to learn and take on new challenges.

  • A collaborative team player who can work effectively across functions.

Skills Required

  • 2-4 years of experience in the general insurance industry
  • Minimum of 4 actuarial papers cleared
  • CM2 actuarial paper
  • Strong analytical and problem-solving skills
  • Critical thinking and ability to develop innovative solutions
  • High attention to detail and commitment to accuracy
  • Effective stakeholder management and communication skills
  • Ability to collaborate across internal and external teams
  • Strong academic background
  • Willingness to learn and take on new challenges
  • Ability to work effectively as a collaborative team player
Am I A Good Fit?
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The Company
HQ: Bengaluru, Karnataka
1,342 Employees
Year Founded: 2016

What We Do

ACKO, launched in 2016, is a tech company which is solving real-world problems for customers, starting with insurance. We are India’s first digital-native insurer and have meaningfully redefined the insurance category. As a new-age brand, ACKO has brought the customer into the focus with fair pricing, convenience, and superior customer experience. ACKO was founded by Varun Dua and Ruchi Deepak. Varun is a serial fintech entrepreneur who has had extensive experience in the insurance industry spanning over two decades. Prior to this, he was CEO and Co-Founder of Coverfox Insurance Broking. Ruchi has worked in financial services in Mumbai and London with organizations such as Franklin Templeton and venture capital firm Matrix Partners. ACKO is targeted in its approach and operates in the Auto insurance, Embedded Insurance (bite-sized contextual coverages like mobile insurance), and Health Insurance sectors. As a customer-first company serving the digitally savvy, ACKO’s value proposition of ‘Welcome Change’ highlights the offerings of the company that make insurance simple and hassle-free. With features such as zero commission, zero paperwork, instant renewal, same-day claim settlements, and app-based updates on claims, ACKO is a 'Welcome Change' from traditional insurers. The company has pioneered the D2C model for insurance in India and empowers customers to choose the right product based on their requirements at the best price, at the click of a button with zero paperwork. ACKO has recently raised USD 450+ million to date and are backed by private equity majors such as General Atlantic and Multiples private equity, top venture capitalists such as Accel, Elevation, and Lightspeed Multiples, along with Amazon, Canada’s largest Pension Fund (CPPIB) amongst others. The company has grown at a CAGR of 88% in the last 4 years, served 75+ million customers and has issued ~900 million policies till date. Check our website - www.acko.com to know more about us.

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