Job Description

Location(s)



• Posting Location: Noida, India



Country
India
Working Schedule
Full-Time
Work Arrangement
Hybrid
Relocation Assistance Available
No
Posted Date
09-Apr-2024
Job ID
3218
### Description and Requirements

Focus of the role includes:

• Responsible for managing US GAAP/STAT reporting, Experience Studies, New Business Valuation and Statutory reporting for Nepal.
• Develop and support the team for various activities:
• Support automation projects.
• Provide production steward reviews for new Prophet models for pricing new products.
• Ensure completion of Local statutory valuation filing.
• Develop strong working relationships and strategic partnerships with internal clients (e.g. Dev team, QA team, local office, IT and other users of models) to ensure a high degree of customer satisfaction
• Lead a team of Noida-based actuarial students to support supervisor and ensure critical focus on core deliverables throughout.
Job Responsibilities

To support the delivery of the following objectives:

• Active involvement in the areas of Product pricing, New Business Value, UAT test, Valuations and modelling new products.
• Preparation of various internal reports along with actuarial statutory report / Mortality / morbidity Studies.
• Knowledge of reserving, Local Insurance Laws, regulations would be beneficial.
• Timely review of VNB report with high accuracy.
• Populate CFT projection model for liquidity test.
• Work closely with Appointed Actuary/ CFO/Financial controller and other stakeholders for various ad-hoc task.
• Active delegation and execution of work while maintaining strong focus on quality, timeliness, and effective communications.
• Aspiration and preferably track record of success in pursuing actuarial study to become an Actuary.
• Learn and provide desired output using actuarial software like PolySystem/Prophet.
• Good communication skill (both written and spoken) in English.
• Good with coding and VBA skills.
• Maintain productive working relationships with internal and external team members.
• Provide extensive support to the finance department in process improvement, Reinsurance and other relevant.

Key Performance Indicators (KPIs) of Position:



• Review necessary enhancements to the Global Tools taking into consideration multiple bases (e.g., US STAT, US GAAP LDTI, RBC, Local STAT etc.)
• Validation of changes made in the Models for Pricing and Valuation.
• Contributing towards good team morale and positive team engagement and professional development
• Ensuring excellent communication between Noida-based team and stakeholders based in different geographical locations.
• Taking ownership of work; clearly flagging any issues and goal delivery concerns to senior leadership team.