Jobs Openings

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

About Us ACKO is India’s first and only fully-digital Insurtech (product) company to have taken insurance by storm. You might have seen our cool ads or are already a customer and we hope you have noticed how we are rewriting the rules of the insurance game constantly and persistently. Based out of Bangalore, we are solving for the Indian market. But we are a part of a global wave of insurtech startups such as ZhongAn in China , Oscar, Lemonade, Metromile in the US, that are known to succeed owing to their business models and technology. We are a unicorn backed by a slate of marquee investors like Binny Bansal, Amazon, Ascent capital, Accel, SAIF, Catamaran, General Atlantic and Multiples. In only four years since our inception and operations, our products have reached ~75M unique users. We have partnered with some of the biggest names of the digital ecosystem such as Amazon, Ola, RedBus, Oyo, Lendingkart, ZestMoney, GOMMT group etc. At ACKO, job roles are focused at impact and we’re here to transform the way the industry operates. Innovation drives us and our products, and we are poised to disrupt insurance, powered by our pioneering products. We have changed the landscape of this age old sector in a growing economy like India and have miles to go from here. After having crossed the $1B valuation mark, our eyes set on even bigger milestones. If you think we’re just about growth and numbers, employee wellbeing lies at the core of all our programs and policies. We are a regular ‘Great Place to Work’ winner and consistently feature on Linkedin’s list of top startups. Currently 1000 strong, we are hiring across all functions. Job Description Join the Acker Club (Acko team) Powered by digital innovation, ACKO is disrupting and rejigging the insurance space. We are India’s first and only all-digital Insurtech product company, and after planting our feet firmly on the ground we are looking for talent to help us fly. Why should you join us? Let’s cut to the chase. We are changing the rules of the game and giving it quite a facelift, wouldn’t you like to be a part of this evolution? Besides, we are also ‘Great Place to Work’ certified and consistently feature on Linkedin’s list of top startups. Currently 700 strong, we are growing at an unstoppable pace and would love for you to join the force. What You Will Do  

• Reserving for different lines of business, analyzing the performance of various LOBs, ensuring reserve adequacy, calculating margin for adverse deviations, etc.
• Develop actuarial models for liability valuation, ALM, etc.
• Assist the leaders to manage activities such as policyholders’ liability valuation, capital management, regulatory actuarial submissions and actuarial Board submissions.
• Coordinate with other function heads such as Finance, Claims, Underwriting, etc. to streamline the daily operations
• Coordinate with Product, Technology and Analytics teams to build automated data structures and reports for corporate actuarial models
• Conduct solvency projections and raise capital requirement calls

Who We Are Looking For  

• 0-2 years of experience in reinsurance or/and reserving
• Sharp analytical mind, someone who enjoys thinking on their feet and devising innovative solutions to complex problems
• Keen attention to detail
• Great stakeholder management skills (both internal and external)
• Above-average educational background

JOB Opportunity at Kapadia Global Actuaries Actuarial Analyst. Requirements: Experience: Fresher or 1-2 years of experience Location: Mumbai. Minimum 1-2 Actuarial papers. Graduation mandatory. Interested candidates share resume to naved@kapadiaglobal.com

About the job

About Sunlife At Sun Life, we empower you to be your most brilliant self.   Sun Life Financial is a leading financial services company that helps our clients achieve lifetime financial security and live healthier lives. We’ve been honoring our commitments since 1865, and our future looks brighter all the time. We serve millions in Canada, the U.S., Asia, the U.K. and other parts of the world. Through a network of Sun Life advisors, 3rd-party partners and other distributors, we’re enabling our clients to gain the freedom to live their lives their way, from now through retirement. We’re working hard to support their wellness and health management goals, so they can enjoy what matters most to them – whether that’s running a marathon or helping their grandchildren learn to ride a bike. We strive to Shine Together, Make Life Brighter & Shape the Future!     Your scope of work/Key Responsibilities   We are looking for Actuarial talent with 2 to 7 years total experience to perform the following:

• 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.
• Effectively communicate with the stakeholders and execute the tasks independently.
• Lead projects and execute tasks independently.
• Good and effective communication and writing skills.
• Must have passed at least 3 Actuarial exams.

  Interested candidates can please send their Updated Resume on sanjaysingh@sunlife.com

Join the Acker Club (Acko team)

• are seeking enthusiastic candidates to join our Statutory Valuation team at Kotak Life as freshers. The ideal candidate will possess a minimum of three actuarial papers, including a pass in CM1. Prior internship experience in a core life insurance company is highly desirable. If you meet these requirements and are interested in this opportunity, please submit your CV.

Marsh is hiring for various positions across all levels in actuarial domain for following fields -

• General insurance – Pricing, Reserving, Property & Casualty
• UK Pension
• Health insurance

Hi all, Openings at Team leads and Manager level for P&C. Company name : Accenture. 5+ years is experience in P&C. Reserving and Pricing roles both are available.

• Location : Gurgaon, Bangalore

Job Description: Techno Functional Data Analyst (Functional Engineering) Responsibilities:  Design the insurance data model to support finance and actuarial use cases  Prepare Source to target Mapping to sync admin & other source system data with data model  Gather Data Requirements for Actuarial Modelling and financial accounting  Design the Semantic Layer and Reporting Layer  Design the Data Layer for Downstream requirements  Present and Approve the designs and Approach to clients with due supervision.  Create Technical and Functional Checks and Validate with Business. Qualifications:  Minimum of 2 years execution experience in Life or Non-life Insurance industry with a focus on Actuarial and finance processes  Solid knowledge of either Actuarial or finance domain in Insurance Industry on Data Transformations required for STAT, GAAP, LDTI and MCF.  Knowledge of SQL  Basic knowledge of the financial sector.  Proficient in written and spoken English. Performance Skills:  Results oriented and self-starter  Superior attention to detail  Ability to multitask and work under pressure  Good analytical and communication skills  Strong work ethics  Committed and responsible

Actuarial Fresher Opening for Full time Internship Criteria: Any CA student or recently qualified CA pursuing Actuaries & wants to start #Actuarial journey and looking for an opportunity. Joining will be immediate at our Andheri, MUMBAI office (no work from home). Major area of work will be Employee Benefits Actuarial Valuation. Prior experience during CA related to Ind AS valuations or Ind AS Implementation will be added advantage. Candidate who meet all above criteria and have long term horizon to work in actuarial consultancy should only apply for this position. This will be direct reporting to Actuary cum CA ensuring good practical learning exposure.

Eligibility criteria -

• IFOA students should have cleared Atleast 1 paper
• IAI students should have cleared Atleast ACET
• All applicants should have completed Graduation

Genral Insurance Exams - CS1 and CM1 compulsory Experience - Fresher to 1 year Candidate should be willing to relocate to Hyderabad Graduates before 2023 can apply. Final year students cannot apply.

Only Graduates Can Apply