Responsibilities :

• Support the team in conducting quarterly valuation/reserving related activities:
• Support in preparing data for valuation models and maintenance of the models
• Accurately complete already defined modelling processes including implementation of modelling assumptions, performing model runs, debugging, validations of results and its delivery to the reporting actuaries/business owners
• Perform required validations, analysis to ensure accuracy of the numbers produced as well as keep audit trails and documentation of all major validations/checks done
• Ensuring the team deliverables are met as per pre-approved timelines
• Perform user acceptance testing for various system and model changes for the actuarial production team Drive continuous improvements, enhance, and extend various existing model building tools and model validation tools as needed and questioning existing processes
• Apply technical knowledge and process skills to solve problems and develop solutions, i.e., investigating data/modelling issues, reconcile different reports/numbers
• Assist on ‘special projects’ carried out to meet specific objectives as/when required

Requirements :

• Graduate (Bachelors degree) in Actuarial Science/ Mathematics/ Statistics/ Economics/ Commerce/ Engineering or related disciplines with graduation obtained in last 3 years.
• Must not be a Post Graduate.
• Must not have any formal prior work experience, internship exempted
• Desired – enrolled as a student member of any of the actuarial professional institutes (India/UK/US etc)
• Good understanding of fundamental actuarial concepts
• Ability to work independently, accurately and deliver to deadlines
• Desire to learn from highly skilled industry professionals across multiple fields to grow your professional development
• Excellent communication and social skills to build and maintain positive relationships, internally within the team and externally with key partners
• Excellent organizational and analytical skills with attention to detail; able to quickly absorb details on business structure, product
• features and model requirements
• Shows initiative in identifying issues and supporting other team members, peers, and senior stakeholders
• Knowledge of MS Office suite is desired, particularly knowledge of MS Excel, VB Macros, SQL – will be an added advantage.