Jobs Openings

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.

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.

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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.

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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.

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Responsibilities As an Actuarial Analyst, you will be responsible for supporting the Special Projects team in developing and executing complex projects involving actuarial analyses, modelling, and data analysis. Your primary responsibilities will include:

• Collaborating with other team members to gather data and providing support during modelling and analysis.
• Maintaining accurate and up-to-date documentation of the analysis and modelling process.
• Working closely with actuaries to prepare reports and communicate findings to internal and external stakeholders.
• Contributing to the development of cutting-edge actuarial techniques and tools.
• Working with other team members to ensure that projects are completed on time and within budget.

Eligibility

• A Bachelor’s degree (Master’s preferred), with a relevant major
• 0 to 6 years of work experience in an actuarial / research role
• Great actuarial exam progress (min. two exam passes) commensurate with the quantum of experience
• Strong analytical and quantitative skills, with a keen attention to detail
• Familiarity with R, Python, Excel, SQL or other similar software
• Great communication and documentation skills
• Ability to work independently as well as in a team environment
• Proficiency in spoken and written English, and in MS Office Suite

Why Chubb Business Services India?

• You will be joining a group of diverse and driven professionals trained to succeed in today’s insurance landscape.
• We provide the opportunity to cultivate a robust career; we accommodate your growth and development even as we expect you to make meaningful contributions to our company.
• We offer competitive compensation and benefit programs. We pride ourselves in being a meritocracy that rewards the best talent.
• We seek to create an inclusive environment where employees of different cultures and backgrounds can thrive.

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Roles & Responsibility:

• 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

Education and skill Requirement:

• 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)
• Actuarial Experience other than pension can also apply.

• Roles and Responsibilities
• Workings on Group Quotations,
• Data checks
• UAT
• Reinsurance calculations
• Data analysis/Mortality analysis
• IIB data (group /Individual)
• Public disclosures and Annual Reports and ARA, AAAR reporting.

In this role, you will be responsible for model development, implementation & documentation for a BFS client in the US Responsibilities  You will be working with the independent model validation function of a large banking client and will involve end-to-end validation of risk and regulatory models across business functions, and development of challenger models as necessary. It will also involve interaction with various stakeholder groups including model development, model owners/lines of business, auditors and client model validators. You will be expected to work hands -on to validate models, build and lead validation teams, and bring in thought leadership and domain/quantitative best practices to present effective challenge to the models. Your activities will include, but will not be limited to the following:

• End-to-end independent validation of actuarial and regulatory models (Wealth and Insurance models (Life and health and Annuity model)); examples of validation include annual review of models, model change review, trigger review, model revalidation and new model validation
• Typical steps of model validation will include:
  • Assess the models conceptually and quantitatively to ensure the model is suitable for the stated use
  • Assess the model documents and data to ensure model input parameter is in line with the current market practice and regulatory guidelines
  • Assess the model risk and challenge the model
  • Assessment of the model monitoring and implementation Assessment of the model calibration techniques
  • Prepare model validation report summarizing findings and provide recommendations

• Work effectively on multiple projects / across product classes
• Project-manage multiple team members (model validators) and guide them with knowledge and expertise of insurance models; assess quality of deliverable produced by team members
• Effectively communicate with client and internal senior management towards smooth operations management
• Assessment of current state processes, identification of gaps or scopes of improvements, and work with client and team towards continuous process improvements

Qualifications we seek in you! Minimum qualifications:

• Post-graduation in Actuarial Sciences, Mathematics, Statistics, or related major and partly qualified actuary(some relevant actuarial papers cleared)
• Relevant experience in Banking and Financial services, with US ASA equivalent experience in actuarial modelling/independent validation of either Life or Non-Life insurance models
• Understanding of and experience in model validation guidelines, such as, SR 1i-7 in US and E23in Canada
• Knowledge of tools: any actuarial modelling tool (such as PolySystems, AXIS or MGAlfa), Excel, Word, any programming language
• Strong client management and communication/presentation skills — written & verbal
• Self-driven, proactive, “can-do” Ability to work under ambiguity and with minimal supervision

Preferred qualifications

• Strong networking, negotiation and influencing skills
• Knowledge of Actuarial Modelling in US/Canada, Risk and Regulatory guidelines and MRM practices
• More than 8 actuarial papers cleared[pdf-embedder url="https://aeiqforum.com/wp-content/uploads/2024/03/Insurance-Model-Validation.pdf" title="Insurance - Model Validation"]

Additional qualifications

• Strong project management experience and demonstrated expertise of communicating and coordinating across multiple business units
• Experience of managing projects and teams in risk modelling or financial services industry

the reinsurance team in Future Generali is looking for interns. CM1 is mandatory. Only for Mumbai and Delhi candidates. final year students can also apply