Jobs Openings

Roles and responsibilities: - In your role you would be assisting and leading the delivery of a wide range of client engagements, working as part of a project team, relating to above mentioned projects. Requirements

• Qualified Actuary or closed to qualification.
• Experience in life insurance or non-life insurance actuarial team or an actuarial consulting firm.
• Exposure to two or more areas of Pricing, Statutory valuation, Embedded Value, Business planning, IFRS17

Soft Skills: -

• Good written and verbal communication skills.

Competencies: -

• Analytical capabilities
• Creative and Innovative thinking
• Strong Technical Knowledge
• People’s person
• Persistent and persuasive
• Interpersonal Relationship & Respect

About the Team: This apprenticeship position is part of L&H Re APAX unit in Bangalore that provides support to diverse units to L&H teams across the globe including pricing of reinsurance treaties. The L&H Pricing Services team supports the team in various countries in the region in pricing, experience studies and other related activities. This position entails working for various markets within L&H Re Asia excluding China team with hybrid working conditions. Therefore, provides huge learning opportunity towards developing the understanding of insurance/reinsurance practices of the regions like ANZ, Hong Kong, India, Singapore, Japan, and South Korea etc. About the Role : The Apprentice will be responsible to deliver support to Pricing Team with analytical capabilities. Key work areas are:

• Treaty experience analysis for reinsured business
• Providing experience insights emerging for Pricing and Valuation assumption settings
• Working closely with local & regional actuaries and data management teams L&H Re APAX Pricing Apprentice will be highly motivated individual to join the L&H Re APAX Pricing Services team. The main tasks will be
• Learn, run and modify models for experience studies exposure and expected calculations for various lines of business such as Critical Illness, Mortality.
• Supporting the team from migration of codes from SAS to R
• Develop treaty analysis reports with trends and key insights on Actual vs Expected, lapses and claims development based on risk factors such as underwriting cohorts, policy years, age bands, sum assured and more.
• Learn to understand product designs, pricing philosophy and target population experience
• Work closely with Pricing/Valuation teams to share insights from experience analysis for assumption settings.
• Brainstorm ideas for automating and continuous development of current processes. About You: Desired:
• Completed Bachelors in Mathematics/Statistics Highly motivated towards actuarial qualification from recognized institution (2-4 exams)
• Programming skills in SAS/VBA/R/Python are preferred
• Excellent analytical, oral and written English skills to be able to communicate results and hold discussions with stakeholders
• Ability and enthusiasm to work with various regional teams within and outside India
• Strong team player to support high performing team
• Ability to apply theory learnt to practice in order to handle Experience Studies Modelling and Data Analytics About Swiss Re Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

About Swiss Re Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

Responsibilities Have a clear independent view on current pricing or loss adequacy driven by data analysis of the in-force Credit & Surety portfolio Coordinating the overall portfolio steering and risk mitigation process Collaborate with customers and team members to develop a best estimate view and develop compelling recommendations Work with the business to predict forward looking portfolio structure Translate details into impactful Executive reports with effective communication Costing Accuracy and Data Analytics Translate profitability findings into corrective actions on costing models and parameters. Build and maintain costing parameters(EAD, LGD, PD) and tools in accordance to Swiss Re Group standards and business needs. Conducting forward-looking sector and credit market analyses and feasibility studies to support long term strategic intiatives Use actuarial and data science techniques to develop insights and trends that can be used for risk selection or differentiation; and costing improvements. Provide best estimate recommendations and develop bespoke modelling techniques for structured transactions. Professional and technical skills A minimum of 3+ years' experience in performing quantitative analysis, statistical modeling. Experience in credit risk modelling or pricing model for credit insurance will be preferred Foundational knowledge and understanding of global macroeconomics, financial markets. Experience and knowledge of credit related products will be preferred You have highly developed numerical and analytical skills. Foundation in statistical/econometric modelling techniques and/or data science methods will be an additional advantage You have statistical programming skills (e.g. R,Phyton) Whilst you have the attention to detail, you can see the bigger picture, focusing efforts on areas or solutions that would have the highest impact. You can translate your quantitative work into effective visualizations for high impact communication. You can derive recommendations and communicate implications to all partners- from peers to senior leaders. Personal Leadership Skills You are independent and accountable - and have the skill to organize the priorities to complete plans to achieve high quality results on time. You work for the collective success of the team, take own initiative, are open and dependable; and demonstrate collaboration and intercultural competence. It is important that you can contribute towards a collaborative team spirit, sharing standard methodologies and insights and motivating the whole team to work together. You can articulate your work and channel your communications accordingly to various situations (advocating vs. dissenting) and comfortable in communicating and defending your work. Educational level Masters in Statistics, Applied Mathematics, Operations Research, Economics, or other highly quantitative subject area Progression towards relevant professional financial exams (CFA, FRM, CQF, IFoA, IAI, etc) is a plus.

Role: Pricing Manager Job Title: Manager / Senior Manager Work Experience: 3 years + Education: Graduate / Post Graduate Department: Actuary Work location: Goregaon (East), Mumbai Key Responsibilities Pricing all product categories, for example:

• Unit Linked Contracts
•  Non-Participating Contracts
•  Participating Contracts

Management of the complete product cycle:

• Testing feasibility of Product Ideas

• Modelling of the cash flows
• Analysis of Financials
• Knowledge of Product Regulations
• Preparation of the Filing Documents
• Management of Benefit Illustration – Preparation / Testing
• Life Asia System Set up – BRD / Testing
• Any other launch and set up related activities

Experience: Minimum one year Responsibilities The role offers the opportunity to be involved in a wide range of actuarial work supporting the company’s regulatory and internal capital reporting including the following:

• To develop and deliver complex actuarial models to support Solvency II and Economic value calculations.
• To carry out various tasks for Capital Modelling and Reporting along with ad-hoc process improvements.
• To support in full with-profits liability calibration and validation and to calculate Out of Model adjustments (OOM).
• To support delivery of project within Finance team.
• To support in improvement to overall control environment, customers outcomes and a reduction in Prudential UK’s operational risk.

Additional Responsibilities

• Familiarising with WP / NPUL products and modelling methodology of these products in heavy models.
• To gain exposure on modelling company’s assets.
• Work closely with colleagues at different geographical location, ensuring seamless communications.
• Seek and act on opportunities to develop wider and deeper technical and business understanding of capital models.
• Build good working relationships with stakeholders in wider team and outside of the team.
• Maintaining effective communication with Stakeholders and leadership team members.
• Compliance – Ensure understanding and adherence to Prudential’s Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.

Problem Solving

• Maintain and develop knowledge of technical requirements of job together with the framework in which M&G India operates.
• Ability to confidently express own viewpoint and to clearly and simply communicate actuarial issues within their team.
• Ability to develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met.
• Ability to think through issues at hand (People / Technical) and propose line of action, solution and way forward.

Working Together

• Ability to plan and prioritise own workload.
• Ability to deliver on multiple tasks to demanding timescales.
• Good level of Stakeholder management skills.
• Communicate effectively with others; develop positive networks and working relationships.

Knowledge

• Confidence & excellent communication.
• Good understanding of data science including data extraction, data process & data analysis
• Good working knowledge of Power BI, Python and VBA.
• Good MS Excel & MS Word knowledge.
• Good level of business influence skills like commercial appreciation and attitude required.
• Good level of understanding of the financial dynamics of our business and how key factors influence the various financial measures

Experience

• 1-3 years of relevant data analysis or actuarial experience.

Educational Qualification

• Graduate in any discipline / Masters in Actuarial Science/Statistics/Economics/Mathematics/Engineering/MBA

Experience - 3 to 5 years Responsibilities Technical:

• Familiarity with the US DB pension space or US DB Plan Coding, including but not limited to:
• Funding valuations
• Accounting valuations
• Regulatory filing requirements

Communication:

• Presenting results to the Actuaries.
• Keeping stakeholders informed on progress for all projects.

Workflow Management:

• Ability to estimate future workload capacity.
• Raising requests for work in lieu of above.
• Following-up on outstanding queries, escalate for support in a timely manner.

Teamwork:

• Brainstorming with colleagues to come up with innovative solutions.
• Volunteering to support team by picking up additional workload.
• Extend support to tier T1 and T2

Continuous growth:

• Developing a comprehensive understanding of business tools. Volunteer for testing and troubleshooting.
• Keeping up to speed with changes in regulatory environment and changes in technology.

Qualifications Bachelor's degree in mathematics or related field, or equivalent, few actuarial exams passed or graduation/PG in actuarial science. 1 to 3 years of experience. Strong analytical, communication, organizational and prioritization, and decision-making skills. Knowledge of spreadsheet and database or similar PC software packages and aptitude in programming languages is preferred. Additional Information The candidate will be expected to develop skills and work in close collaboration with other stakeholders. She will be expected to work in alignment of organizational priorities, Principal's culture, and our Core Values. Requirements

• 1-3 years of US Defined Benefit or Plan coding experience
• MS Office
• Any coding experience ex., VBA, SAS etc
• Familiarity with Proadmin or Proval software
• Communicating with multiple stakeholders
• Assisting trainee’s

Job Role

• Support the Implementation of IFRS17 as per local regulatory guidelines
• Carry out the Valuation of Life and Health Business of South Asia (Statutory IRDA reporting, Solvency II, IFRS, Actuarial Modelling on AXIS)
• Prepare Corporate Actuarial reports (IFRS reporting, Business Planning, Solvency Capital Monitoring, Shareholder Reporting, Regular interaction with the Finance team)
• Share insights relating to Business Monitoring (Experience Analysis, Monitoring and Reporting)
• Carry out the operations of the Data Management framework within the function
• Support internal stakeholders like Business Development, Pricing and Underwriting teams

Education and Experience

• Actuarial student with at least 6 Core Principles series exams completed
• Strong commitment to complete the Actuarial course
• Preferably 2 to 3 years’ experience in life insurance or re-insurance company’s valuation team

Competencies

• Strong computer skills: Microsoft Excel, power query and SQL (essential) and VBA (preferred)
• Exposure to an actuarial software would be preferred (AXIS would be preferred)
• Exposure to Indian Statutory Reporting, Solvency II and IFRS17 would be preferred
• Excellent technical and analytical skills, logical and concise in approach and demonstrate attention to detail
• Self-motivated and able to work within a team environment, outcome focused
• Strong communication skills in English (written and verbal)

Role Summary

• Model development & testing using Moody’s Axis and Risk Integrity across geographies including Canada, US, and Asia
• Develop, test and maintain models and utilities for implementations such as IFRS17, LICAT etc.
• Develop, test and maintain tools and utilities used for model inputs and extraction of model output
• Review and test IFRS 17 models which includes reserve movement checks/reconciliations, cashflow checks at both aggregate and policy level etc.
• Validate IFRS4 models and provide detailed summary report to stakeholders.
• Analyze, present results and effectively communicate with the stakeholders.
• Lead projects and execute tasks independently

Must Have

• Graduate / Postgraduate
• Atleast 2 actuarial exams per new curriculum with steady progress corresponding to work experience (CM1 is preferred)
• Proficient in MS-Excel
• Team player
• Good and effective communication and writing skills

Preferred

• Experience in life insurance domain (including knowledge of various life insurance products)
• Hands on experience on actuarial softwares like Moody’s Axis, Risk Integrity, Prophet
• Working knowledge of IFRS 17, LICAT, Solvency II
• Logical thinking and programming mindset with knowledge of Python, R, SQL, VBA etc.
• Understanding of modelling framework and validation techniques

Requirements:

• 2-4 Years of relevant experience in life insurance industry
• Working knowledge of Prophet/DCS
• 3+ actuarial exams

The development and maintenance of GGY AXIS actuarial models for Universal Life UL Variable annuities Model validation and Testing against legacy models including enhancement and documentation of Model Validation processes Requirements Excellent written and oral communication proof reading and grammar skills and the ability to communicate clearly and concisely with a wide range of stakeholders Bachelors degree in Actuarial Science Math Stats Engineering Computer or equivalent quantitative discipline Experience 2+ years in GGY Axis modeling 6 Actuarial papers is our ideal requirement Knowledge of US life insurance and Life products is required Annuity experience is preferred Experience with Valuation Models is ideal Knowledge of actuarial modelling platforms ideally Moodys AXIS MG ALFA MoSes experience may be considered Skills required A graduate in Statistics Mathematics Finance Actuarial from reputed institute with 3+ years of relevant experience Good knowledge of US Life insurance annuity and pension products Excellent knowledge of US regulations Ability to coach mentor and train junior resources Strong analytical ability Excellent oral and written communication skills Qualifications Post-graduation in Actuarial Science Shift Timings 1:30 PM to 10:30 PM or 2:30 PM to 11:30 PM  

Responsibilities:

• Working on annual and quarterly Reserve review process
• Working on annual and quarterly Actuals vs Expected (AvE) reports;
• Contributing to the improvement, creation, and/or implementation of processes to expand capabilities, improve efficiency, and enhance effectiveness;
• Working on Large claims adjustment to support the reserve review and AvE processes;
• Improving/updating new and existing quarterly and annual processes.
• Working on netting down of the Reserves from Gross of RI to Net of RI
• Working on IFRS reporting

Qualifications:

1. 3+ years of actuarial experience.
2. Good actuarial exam progress in general insurance and preferably SP7&SP8 in IFOA/IAI
3. Prefer Reserve review and Reserve risk experience in general insurance
4. Solid understanding of Microsoft Excel and SQL.
5. Working knowledge of Word, VBA, other MS Office applications.
6. Strong analytical skills with the ability to provide clear and concise verbal and written communications of analyses and results;
7. Should be well organized and able to maintain good documentation and record keeping.
8. Strong communication skills

Location: Banglore Experience: 1-5 years

Requirement: Prior work experience in Radar software will be an added advantage. Technical know-hows of Python or R programming will be a plus.

Job Description: As a key member of the Pricing Analytics team, he/she will be required to prepare and translate rating manuals or excel based raters into Radar software. This role would ideally suit a person looking to establish their career in Pricing Analytics within the P&C Industry. 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 for possible changes to the rates to assist decision making.
• Research, develop and suggest ideas of making the rating process better.

 

Work From Office - Harrington Mansion, 8, Ho Chi Minh Sarai, Kolkata - 700071 Monday to Saturday (9 AM to 6 PM) Vacancies - 2 About Actuators: Actuators Educational Institute has a proven track record of mentoring over 1000+ industry expert professionals, each possessing specialized expertise in various domains. In addition to this, we are proud to have over 100+ Fellow and Associate professionals who contribute to the success of our portfolio through their diverse perspectives and collaborative efforts.

Work From Office - Harrington Mansion, 8, Ho Chi Minh Sarai, Kolkata - 700071 Monday to Saturday (9 AM to 6 PM) Vacancies - 2 About Actuators: Actuators Educational Institute has a proven track record of mentoring over 1000+ industry expert professionals, each possessing specialized expertise in various domains. In addition to this, we are proud to have over 100+ Fellow and Associate professionals who contribute to the success of our portfolio through their diverse perspectives and collaborative efforts.

Work From Office - Harrington Mansion, 8, Ho Chi Minh Sarai, Kolkata - 700071 Monday to Saturday (9 AM to 6 PM) Vacancies - 2 About Actuators: Actuators Educational Institute has a proven track record of mentoring over 1000+ industry expert professionals, each possessing specialized expertise in various domains. In addition to this, we are proud to have over 100+ Fellow and Associate professionals who contribute to the success of our portfolio through their diverse perspectives and collaborative efforts.