Jobs Openings

Requirements

• Work experience of 6 months to 2 years
• Satisfactory progress in professional web exams with at least CM1 cleared

Domain - Pricing GI Total Experience: 5-10 yrs (General Liability, Professional Indemnity, Directors & Officers, Financial Lines is more preferred) General Requirements Knowledge of mathematics, probability, statistics and Commercial Insurance business - (General Liability, Professional Indemnity, Directors & Officers, Financial Lines) Mandatory Requirement

• Work experience in Pricing for classes of commercial insurance business (General Liability, Professional Indemnity, Directors & Officers, Financial Lines)
• Work experience on GLM modelling – Frequency and Severity using Python / R (No need SAS, Radar, Emblem etc.)
• Work Experience on pricing modelling using Exposure and Experience rating methodologies
• Should have knowledge of determining LDFs of portfolio
• Experience in ILF modelling and curve analysis would be a value add
• Should be able to analyse the ILF curves/Loss curves, review them, make adjustments and perform impact analysis
• Should have knowledge on Frequency, Severity modelling and Loss cost modelling
• Knowledge of ST-8 General Insurance Pricing Actuarial science would be preferable
• Experience in reviewing Rate Adequacy of Portfolio, performing model reviews and proposing rate changes on yearly basis

Division - BOU-CUO P&C Reinsurance Department - BOUE-UW Excellence

Requirements

• University degree with a very strong quantitative background e.g., covering modelling and advanced data analysis.
• 3-4 years of modelling and project management experience in (re) insurance.
• Ability to read the big picture behind the data.
• Be able to drive projects and deputize product owner – Experience in working with IT teams and writing specifications is an advantage.
• Solid understanding of Python, R, SQL is advantageous.
• Strong communication skill: you naturally bring individuals together in an interdisciplinary, multi-cultural environment and cross-functional teams.
• Open and curious to learn more, quick-minded, creative, ambitious status quo & navigates ambiguity.
• Self-starter who is methodical and well-organized. Highly acted, upbeat, proficient and reliable
• Pragmatic in balancing ideas' origination and results' orientation with strong problem-solving skills.
• Strong team player with a high degree of personal accountability
• Comfortable with working in a multi-location team

 

Requirements

• As a Manager within the IFRS17 Actuarial team your role involves developing and implementing solutions both within the Insurance service line and in collaboration with other services lines.
• Good understanding of IFRS17 standards; hands-on implementation experience (desirable)
• Good understanding of the Prophet interface including Prophet objects like Accumulations, Structures, Enumerations and libraries like Summary, IFRS library etc.
• Strong hold on the development and/or modification of Extended formulas, both normal and t-dependent
• Good understanding of the IFRS 17 transition approaches and their requirements including FRA, MRA and FVA
• Ability to maneuver around existing modeling setup to incorporate the IFRS 17 cashflows
• Understanding of AoC concept and AoC steps (unwinding, roll forward, assumption changes, experience variances)
• Strong excel skills, capable of running and modifying macros used to transform Actuarial Cashflows
• Ability to develop regression models on excel to test the model developments like reconciliation of IFRS 17 BEL, Policy Loan cashflows, RA etc.
• Assessing the different possible Allocation drivers for allocating cashflows at an entity or Portfolio level into the ICG level
• Experience in creating Array formulas, dimensions and Variable groups in Prophet
• Ability to develop regression models on excel to test the model developments like reconciliation of IFRS 17 BEL, Policy Loan cashflows, RA etc.
• Assessing the different possible Allocation drivers for allocating cashflows at an entity or Portfolio level into the ICG level
• Experience in creating Array formulas, dimensions and Variable groups in Prophet
• Project management experience and ability to handle teams and multiple stakeholders
• Hands-on experience in actuarial valuation software such as Prophet / Axis / MG Alpha. Advanced level experience in one of these softwares will be valuable
• In-depth understanding of insurance products and regulations of one or more geographies
• We are looking for individuals who have a proactive attitude and are seeking the opportunity for personal and professional growth, leveraging and supporting our global network.

Qualifications

• 6+ years of experience in valuation / reporting / pricing or modelling function in life actuarial team of an insurance / consulting / outsourcing company
• Ability to multi-task and flexible work attitude packed with good analytical skills
• Experience of handling a moderate sized team will be an advantage
• Proficiency in MS-Office Suite, VBA, SAS, R Programming, Python, SQL, SPSS, etc., will be a plus

Qualifications

• Good actuarial exam progress
• Strong written and verbal communication skills for report writing, industry studies and stakeholder presentations
• Ability to review work done by junior members, ensuring quality of work product during time sensitive deadlines
• The ability to build relationships with colleagues across the business, support them and promote a collaborative environment
• Overseas exposure (especially Australia/UK/US/Europe market experience)

 

Role - Life Actuarial (Staff) Responsibilities

• Responsible for delivering high quality results and generating effective and impactful solutions
• Be responsible for ensuring all engagement are delivered within time
• Deliver engagements in line with our values and commitment to quality, consistently driving projects to completion and ensuring that work is of high standard

Skills

• Good analytical skills
• Ability to do investigations in models / reporting process and independently solve problems.
• Hands-on experience in actuarial valuation software Prophet will be added advantage. Advanced level experience in Prophet will be valuable
• Strong experience on Excel is must and experience on VBA would be good
• In-depth understanding of insurance products and regulations of EMEIA / APAC markets
• Willingness to learn and apply learning actively in project work
• Self-motivation and proactiveness in driving project
• Willingness to travel to meet and work with clients

Requirements

• Experienced resource – preferably 2-4 years
• Experienced in the following topics: Actuarial reserving, Assumption setting, Modelling software

Preferred

• Preferred Actuarial Degree
• Strong academic background with a bachelor’s degree ideally business, actuarial or finance related supplemented ideally with a professional qualification

Additional Requirements

• Good communication skills
• English fluent in speaking
• Good English writing skills

 

Description

• Support the ANZ L&H Valuation team in conducting regular valuation/reserving related activities every quarter.
• Main tasks/activities/responsibilities (in brief statements describe the main accountabilities of the job and specify responsibilities)
• Some of the key responsibility will be :
• Deliver quarterly valuation results for ANZ business to the relevant Reporting Actuaries, ownership of other reserving tasks such as capital calculations, assumption setting/ testing, Sensitivities, Recapture of business etc.
• Access the credibility of data for modelling purpose.
• Perform user acceptance testing upon new RAFM model release.
• Ownership around ensuring quality and completeness of the data provided by the technical accounting team for quarterly valuation purpose.
• Support ANZ region on Regulatory, Branch and SwissRe initiative projects.
• Projects related to ANZ business such as System Process and Landscape developments, RAFM/AXIS model improvements, data flow automation, IFRS accounting standards implementation etc.

Requirements

• 1-2 years of experience in Actuarial
• Good progress in actuarial exams
• Graduate or Post graduate in Actuarial Science/Mathematics/Statistics
• Ability to work accurately and deliver on a timely manner
• Strong data organization and analysis skills
• Excellent oral and written communication skills
• Strong learning motive
• Proficiency in working with Spreadsheet and Database packages
• Exposure to Swiss Re valuation tools would be an additional advantage (RAFM/AXIS)

• 2-5 years of experience
• Notice - Immediate joiners to 30 days

Requirements

•  Minimum 3 actuarial papers cleared
• Graduate/post-graduate with 2 to 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.

Requirements :

• At least CM1 clear (any geography).

Responsibilities :

• Deliver quarterly valuation results for ANZ business to the relevant Reporting Actuaries, ownership of other reserving tasks such as capital calculations, assumption setting/ testing, Sensitivities, Recapture of business etc.
• Access the credibility of data for modelling purpose.
• Perform user acceptance testing upon new RAFM model release.
• Ownership around ensuring quality and completeness of the data provided by the technical accounting team for quarterly valuation purpose.
• Support ANZ region on Regulatory, Branch and SwissRe initiative projects

Requirements :

•  1-2 years of experience in Actuarial
• Good progress in actuarial exams
• Graduate or Post graduate in Actuarial Science/Mathematics/Statistics
• Ability to work accurately and deliver on a timely manner

Responsibilities :

• Assist in preparation of actuarial valuation and compliance work for Retirement and Post Retiree Medical (OPEB) plans under single and multi-employers, including:
• Funding valuations
• Accounting valuations
• Government form preparation
• Perform benefit calculations
• Assist in preparation of valuation, disclosure and expense reports
• Prepare benefit coding to replicate valuations under legacy tools
• Analyze and assist on special retirement projects
• Provide broader day-to-day support to staff based in Gurgaon and USA
• Maintain a healthy billing rate across calendar year.

Requirements / Skill Set :

• Basic knowledge of retirement and/or retiree medical work
• Graduates / Post-graduates – preferably Math / Stats / Eco / Commerce streams
• 2-3 actuarial exams
• Strong technical and problem-solving aptitude
• Proficiency in Microsoft office applications, particularly, MS-Excel and MS-Word
• VBA / R / SQL / SAS experience will be preferential
• Ability to manage workflow and deliver product independently
• Strong oral and written communication skills
• Flexible with work timings and compatible within team
• Pursuing actuarial exams and motivated to become an actuary.

Experience - 5 to 12 years in Pricing, Valuation and Modelling, preferably from Life Insurance Job Description:

• Working experience in a Domestic life insurance company.

• Perform monthly valuation work per Indian Statutory requirements, prepare necessary summary reports of the monthly valuation results and explain movements in reserves.
• Perform monthly and quarterly solvency margin calculations in accordance with IRDAI requirements.
• Identify Individual and group life policy data issues and work with IT/Admin team to fix them.
• Maintenance of DCS tool and valuation data along with necessary compliance controls and audit checks.
• Preparing various quarterly and annual IRDAI submission pertaining to ARA, AAAR, Actuarial Forms BAP submission, public disclosures etc.
• Performing asset share roll-forward to manage profitability and reserves of Par business.
• Performing declared bonus calculations and assist in handling requirements of the WPC committee of the Company.
• Work on implementation of IFRS 17.

Responsibilities :

• Work as an analyst on valuation of employee benefits plans for various geographies.
• Work on data, baseline and liability calculations. Performing Gain & Loss and other analysis.
• Generation of Funding & Accounting Reports.
• Prepare government reporting forms, including 5500 and schedules
• Understand and acquire key skills required to perform such analysis and financial calculations through learning from experience and motivated self-learning initiatives.

Education / Knowledge :

• Working knowledge of MS office and its related tools
• Basic Knowledge about Actuarial Science & Atleast 1 Actuarial exam
• Post Graduation Mathematics / Statistics / Actuarial Science or any subject with sizeable mathematical content

Team - Longetivity

Responsibilities

• Support the team in the production of longevity assumptions, both in the best estimate liabilities and the capital requirements
• Support the team in providing expert insight into emerging longevity trends
• To carry out and support longevity analysis, including undertaking the necessary technical investigations and research
• To carry out regular tasks essential to the monitoring of longevity assumptions, such as experience analysis and data quality reports
• Contribute to regular research on relevant longevity topics and present findings to the team. This will include areas such as medical developments and innovations relevant to the M&G annuitant population as well as awareness of the potential impacts from the COVID-19 pandemic on future mortality.
• Processes to be carried out with appropriate controls applied to minimise risks
• Demonstrate a positive risk and control culture through the active identification, assessment, monitoring and management of risks and controls
• Identifies and anticipates need for changes to continuously improve quality and efficiency of output
• Manages risks using expert judgment, know-how and experience
• Accountable for the technical accuracy of outputs and timely delivery of work
• Develop knowledge, skills and experience by working alongside experienced colleagues and participating in training sessions across the team.
• Communicate effectively with stakeholders across Finance, both written and oral
• Manages conflicts that may impact delivery
• Challenges processes given knowledge of delivery and awareness of complex systems and the broader picture

Knowledge/Experience

• Knowledge and understanding of longevity trends
• Keep up to date with research impacting longevity risk
• Working towards actuarial fellowship or other relevant qualification
• Keeps up to date with Continued Professional Development requirements
• Knowledge of actuarial professional standards and codes
• Knowledge of life and pensions products, markets and competitors
• Knowledge of financial services regulatory and legislatory frameworks
• Awareness of longevity trends and factors impacting population mortality
• Ability to analyse data and interpret the output to understand mortality trends in portfolio data
• Experience of taking complex and ambiguous problems and quickly generating practical solutions
• Experience of communicating complex problems with a range of stakeholders, both written and oral
• Proficient in the use of Microsoft tools including Excel and SQL, or other relevant packages
• Experience in the use and enhancement of models relating to the analysis of longevity trends
• Performing experience analysis and data manipulation in relation to the monitoring mortality experience and analysing trends
• Able to take responsibility and ownership of work
• Ability to identify opportunities to improve own performance
• Experience of developing and improving processes
• Able to manage multiple pieces of work and plan time effectively and prioritise to ensure on time delivery
• Able to communicate complex technical output in a simple manner to a range of stakeholders
• Ability to express own viewpoint and contribute effectively to team discussions on technical longevity issues
• Ability to produce high quality technical work whilst operating within a well-controlled environment
• A keen learner who can quickly understand how to use new systems and processes

 

Team - Modelling Requirements

• Actuarial Qualification: Passed in 10 and above actuarial exams as per new curriculum.
• 7 plus years of actuarial work experience.
• Priors hand-on experience in prophet modelling is mandatory.
• Good understanding of life insurance products.
• Able to manage team and good communication skills for coordinating with internal stakeholders

Other Skill Set

• Prophet and DCS
• Additional advantage to have knowledge of life insurance reporting.
• Stakeholder Management

Responsibilities

• Assist in preparation of actuarial valuation and compliance work for Retirement and Post Retiree Medical (OPEB) plans under single and multi-employers, including:
• Funding valuations
• Accounting valuations
• Government form preparation
• Perform benefit calculations
• Assist in preparation of valuation, disclosure and expense reports
• Prepare benefit coding to replicate valuations under legacy tools
• Analyze and assist on special retirement projects
• Provide broader day-to-day support to staff based in Gurgaon, Dubai and USA
• Maintain a healthy billing rate across calendar year

Qualification

• 4-6 years of US EB Actuarial experience
• Graduates / Post-graduates – preferably Math / Stats / Eco / Commerce streams
• Good knowledge of US retirement and OPEB work (Middle east valuation experience is a plus)
• Proval software experience
• 3-7 actuarial exams
• Proficiency in Microsoft office applications, particularly MS-Excel (VBA experience is a plus)