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

Risk Placement Services

RPS is the leading partner for independent agents and brokers, helping them get their clients the right coverage. With speed and precision, we deliver access to the best markets and coverage. With ease and intelligence, we provide niche knowledge and comprehensive consulting. With commitment and trust, we develop collaborations with thought leaders for innovative programs.

We are strongly supported by Gallagher who are one of the world’s largest insurance brokerage, risk management and consulting firms. Being part of a strong global organization, we will continue to focus on core values as well as an emphasis on growing. We will do this by investing in the businesses, the talent and the innovation which will drive our business to the next level.





How you'll make an impact 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 current product)

About you

Required Qualifications and Skills

- 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 At Gallagher, we believe supporting our colleagues goes far beyond the role itself. For more information, visit our Benefits page.

- Competitive compensation
- Comprehensive benefits programs designed to support your well-being
- Career development opportunities and ongoing learning
- A collaborative, people-first culture with accessible leadership
- The opportunity to do meaningful work with global reach and local impact

At Gallagher, we are dedicated to building an inclusive and authentic workplace. If your past experience doesn’t align perfectly, we encourage you to join our Talent Community to stay connected to additional career opportunities. At times, we will consider transferable skills from previous roles. Gallagher is an affirmative action/equal opportunity employer (Minorities/Females/Veterans/Disabled)

📌 Senior Lead Specialist - Risk Analytics - Actuarial (Mumbai)
🏢 Gallagher
📍 Mumbai