Requirements

• 0-3 years of experience in Actuarial or Operational tasks.
• Progress on actuarial examinations.
• Graduate or above in Actuarial Science/Mathematics/Statistics.
• Ability to work accurately and deliver on a timely manner.
• Must be able to interpret business specs and ask clarifying questions.
• Strong data organization and analysis skills.
• Keeps team tasks on track and highlight issues in timely manner.
• Excellent oral and written communication skills.
• Exposure to insurance or reinsurance actuarial processes an advantage.

Responsibilities

• Assist on regular quarterly valuations/reserve calculations.
• Accurately complete already defined modelling processes including implementation of modelling assumptions, performing model runs, validations of results and its delivery to the reporting actuaries/line owners.
• Perform user acceptance testing for various system and model changes for the actuarial production team.
• Perform required calculations and analysis on IBNR, Profit Commission, STAT zeroization and other such activities/requirements.
• Ensuring the team deliverables are met as per pre-approved timelines.
• Perform required validations, analysis to ensure accuracy of the numbers produced as well as keep audit trails of all major validations/checks done.
• Apply technical knowledge and process skills to tackle problems and develop solutions, i.e. investigating data/modelling issues, reconcile different reports/numbers.
• Question existing processes and suggest improvements.
• Interaction with auditors as/when required.
• Assist on ‘special projects’ carried out to meet specific objectives.