- working on actuarial modelling projects using proprietary software for tasks like statutory liability computation, pricing, embedded value, and appraisal value.
- working on Implementation of IFRS17 and asset liability management projects.
- supporting the development and delivery of automated solutions for clients:
- undertaking substantial work streams in process transformation projects.
- developing an understanding of the Life insurance industry, its products, and actuarial models and familiarity with proprietary software solutions.
- 4-6 years experience in an actuarial role in the life insurance team of an insurance company or at a consulting/financial services firm.
- Minimum 2 years building cashflow models or automation engines for reporting purposes using actuarial software.
- Completion of at least 9 actuarial examinations from either the Institute of Actuaries of India or the Institute and Faculty of Actuaries, UK.
- Proficiency in Microsoft Office tools.
- Experience writing/editing code in VBA, Python, SQL, or PowerShell.
Responsibilities : working on actuarial modelling projects using proprietary software for tasks like statutory liability computation, pricing, embedded value, and appraisal value. working on Implement...
- Motivate, lead and support team members to provide excellent customer service and help transition work from onshore, training team members
- Coordinate with processes and procedures with other managers to provide consistent professional services across teams.
- Develop staffing strategies for appropriate allocation of resources to meet business needs and client service commitments/objectives.
- Prepare valuation data using Excel or ProVal
- Perform detailed gain/loss analysis and write commentaries
- Code, update ProVal to program assumptions and benefits related changes
- Update report writer tool using summary of results from ProVal
- Prepare valuation reports for full valuations and interim valuations
- Act as reviewer for the team and manage team activities on daily basis
- Bachelor’s degree in Actuarial Science/Statistics/Mathematics with 60%+ marks
- At least 5-7 Actuarial exam pass will be an advantage
- Proven Project Management Skills
- Coordinate the successful training and instruction of new associates
- Excellent communication and problem-solving skills
- Ability to work in a collaborative team environment, ask right questions, and seek help when appropriates
- Flexibility in work culture (Example – She/he should be flexible in Day/Night shift based on business requirement)
Responsibilities : Motivate, lead and support team members to provide excellent customer service and help transition work from onshore, training team members Coordinate with processes and procedures...
#213 Gallagher Re – Reserving Department
- 3 years of experience
Requirements : 3 years of experience
#212 India First life insurance – Actuary
- 1 year Experienced in life insurance
Requirements : 1 year Experienced in life insurance
#211 ValuEnable – Actuarial Intern
- Atleast CM1 cleared
- Excel knowledge must
- Should be Mumbai based candidate
Requirements: Atleast CM1 cleared Excel knowledge must Should be Mumbai based candidate Internship : 3 – 6 month
#210 Niva Bupa Health Insurance – Actuary
- Fresher and Experienced both
- Cleared more than 2 Actuarial Science papers
- Experienced in SAS and Excel
- Experienced candidates with 0-2 years of experience in health insurance
Requirements : Fresher and Experienced both Cleared more than 2 Actuarial Science papers Experienced in SAS and Excel Experienced candidates with 0-2 years of experience in health insurance
- Immediate joiners required
- Fresher Graduated in any stream with 2 to 3 actuarial papers cleared mandatorily.
Requirements : Immediate joiners required Fresher Graduated in any stream with 2 to 3 actuarial papers cleared mandatorily.
#208 Aptia Limited – Actuarial Analyst/Specialist
- Support the team manager to drive effective business outcomes and SLA delivery.
- Building knowledge and capability to deliver more complex and non-standard tasks independently
- Lead and support non-standard project work
- Effective/Accurate reporting of key metrics and business reviews with relevant stakeholders
- Stakeholder management, timely response to all requests received from all stakeholders
- Analytical and problem-solving skills – Provide data backed recommendations to support decision making
- Eye for detail and good mathematical skills for data sets with large volume of benefits/numbers
- Flexibility and adaptability – as the role will demand to switch between tasks and work on urgent ad-hoc requests
- Quick thinking and decision making will be put to test each day
- Student of Actuarial sciences who has cleared minimum of 2 papers
- Pensions especially Defined Benefits knowledge which will be instrumental in your career as student of Actuarial sciences
- Good analytical, planning and organizational skills
- Good command on MS Office applications (MS-Excel, MS-Word). (Must have)
- No prior work experience is required
Responsibilities : Support the team manager to drive effective business outcomes and SLA delivery. Building knowledge and capability to deliver more complex and non-standard tasks independently Lead a...
#207 Marsh McLennan – Analyst – WAS Actuarial
- Perform Actuarial Calculations like Valuation of DB Schemes, individual member calcs, etc.
- In-house virtual and in-person training on UK Employee Benefits
- Opportunity to contribute ideas to setting up and improvement to process templates
- Guidance on legislative changes and actuarial procedures
- Support in developing and building a robust process
- Healthy work life balance and study support to progress with professional exams
- Required candidates based out of Local Mumbai only
- Graduation in any stream. Should be a member of the Actuarial profession (enrolled to complete actuarial studies at least)’
- Should have successfully cleared at least 1 actuarial paper and/or relevant degree in Actuarial Science
- Should have a basic understanding of pension benefits and should be able to differentiate between DB and DC schemes (knowledge of UK employee benefits would be an added advantage)
- Strong quantitative and analytical skills with ability to translate data into meaningful insights
- Ability to question the objective of an exercise and prod away diligently/incrementally whenever ideas occur
- Good communication and interpersonal skills.
- Adaptive to organizational culture and business environment and Good Team Player.
- Masters in Statistics / Mathematics / Actuarial science
- Prior experience in team training / management
- Intermediate to advanced skills in MS-Excel will be an added advantage
Responsibilities : Perform Actuarial Calculations like Valuation of DB Schemes, individual member calcs, etc. In-house virtual and in-person training on UK Employee Benefits Opportunity to contribute ...
#206 Swiss Re – Pricing Actuary
- Have a clear independent view on current pricing or loss adequacy driven by data analysis
- Collaborate with customers and team members to develop a pricing view in and represent and develop compelling recommendations
- Translate details into impactful Executive reports with effective communication
- Translate profitability findings into corrective actions on costing models and parameters.
- Build and maintain costing parameters and tools in accordance to Swiss Re Group standards and business needs.
- Use of actuarial and statistical models to find trends and insights that can be used for risk selection or differentiation, and costing improvements
- A minimum of 4 years of experience in P&C commercial insurance. Good knowledge of Property and Casualty products in APAC markets.
- Experience in commercial insurance pricing, portfolio profitability analysis and costing model and tool development. Know-how of reinsurance treaty pricing would be an additional advantage.
- Familiarity with reserving techniques and can confidently operate between the two (reserving and costing) views, sufficiently identifying parallels and divergences in developing an independent costing assessment.
- Exposure to market/LOB portfolio ownership, acting as a go-to person for quantitative questions and solutions, but also comfortable to be both an advocate and a provider of dissenting opinions.
- A good understanding of actuarial methods, models, and related business processes.
- Statistical programming skills (e.g. R, Phyton) and know-how of data science techniques is an advantage.
Key Responsibilities : Have a clear independent view on current pricing or loss adequacy driven by data analysis Collaborate with customers and team members to develop a pricing view in and represent ...
#205 HDFC Life – Intern
- Minimum 3 Papers cleared.
- 0 to 5 months of experience.
- Candidate must be based out of Mumbai or be willing to relocate to Mumbai.
Requirements : Minimum 3 Papers cleared. 0 to 5 months of experience. Candidate must be based out of Mumbai or be willing to relocate to Mumbai.
#204 Aegon Life – Internship
- Graduation
Requirements : Graduation
- Work closely with line actuaries to build rating models in Radar software from a rating manual or spreadsheet.
- Validate Radar premiums against database.
- Scenario test the model for possible changes to the rates to assist decision making.
- Research, develop and suggest ideas of making the rating process better.
- Prior work experience in Radar software.
- Technical proficiency in Python or R programming.
- At least 1 to 5 years of experience.
Key Responsibilities : Work closely with line actuaries to build rating models in Radar software from a rating manual or spreadsheet. Validate Radar premiums against database. Scenario test the model ...
- Create excel models (using VBA, SQL) against client models of legacy software. Run all the models points & portfolio to ensure that model output matches with legacy software results. Fix the model for deviation. Ensure the testing and validation is successful Write model spec against each of these legacy software models first. Write procedure notes against each of these spreadsheet model developed. Performing contractual premium review of product block/policies.
- Working on Bonus, Expense review, Fund mergers etc projects
- To ensure that all enquiries are recorded correctly on the Company Systems, for work to be scheduled to the individual and the team and to provide an audit trail.
- To ensure that you are aware of the company complaint and incident identification procedure and that these are acted upon immediately to minimize regulatory breaches, customer/client detriment and business image.
- To ensure that work is processed within industry compliance and legislative requirements under the guidance of the Manager, Analysts and Technicians, ensuring compliance with controls and procedures.
- To undertake any other duties as may be deemed appropriate by your manager.
- Ensure personal and business objectives for self are met in line with the departmental business plan and monitor success.
- To ensure that regulatory and audit requirements are met. To be aware of data security from a customer and business perspective and take responsibility for the prevention of fraudulent activity. Maintaining the data protection ideals of clear desk, secure storage, and secure PC.
- To ensure that the business operating systems utilized are used correctly and professionally.
- Actuarial exam/s passed from IAI/IFOA/SOA etc.
- VBA Programming experience
- Experience with Structured Query Language (SQL)
- Actuarial Analysis experience within Life insurance (and annuity/pension policies)
- At least 3 to 5 years of actuarial experience of Life insurance
- Experience of working within an outsourcing environment
Key Responsibilities : Create excel models (using VBA, SQL) against client models of legacy software. Run all the models points & portfolio to ensure that model output matches with legacy software...
#201 Bandhan Life – Senior Manager
- Conduct new product pricing feasibility
- Developing excel model for carrying out pricing of products
- Responsible for filing of the products and responding to IRDAI queries
- Maintenance of models and documents in organized way
- Collaborate with Reinsurer and with various internal departments (UW, marketing, legal etc)
- Monitor profitability of products and convey the results to key stakeholders
- Be up-to-date on Regulations - Review and maintenance of Regulations
- Develop/Review product related calculators before sharing with the system’s team
- Attending to product related queries from internal stakeholders.
- 5 + years of relevant work experience in Actuarial Pricing team of a life insurance company.
- 6+ papers cleared (CT1, CT5 or CM1 mandatory)
- Software – MS. Office & VBA(mandatory) + SQL basics
- Having good hold on preparing presentations for effective communication
Key Responsibilities : Conduct new product pricing feasibility Developing excel model for carrying out pricing of products Responsible for filing of the products and responding to IRDAI queries ...