Skip to content
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.