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Actuarial Intern

Actuarial Intern

ConfidentialGurugram, Gurgaon / Gurugram, India
6 days ago
Job description

Actuarial Intern

We are looking for an Actuarial Intern.

Mandatory : Any Graduation with 2 papers cleared including CM1

Job Location : Gurgaon

Requirements :

  • Understanding of US Life Products exposure. Traditional and / or Annuity products.
  • On track to becoming an Associate or Fellow, with minimum 2-5 papers cleared.
  • Life insurance understanding related to pricing, valuation, risk management, model development, model validation, cashflow testing, ALM.
  • Experience with AXIS or similar actuarial projection or valuation software
  • Strong analytical skills and ability to adopt a creative approach to solving complex process problems
  • Ability to manage multiple work assignments and meet time commitments
  • Strong oral and written communication skills

Responsibilities :

  • Assist in conversion and valuation of various blocks of business
  • Assist in model testing and validation exercise post model conversion
  • Develop cashflow models for insurance liabilities, investments and derivatives
  • Perform experience analysis on insurance blocks
  • Prepare income statement and balance sheet for financial model
  • Perform movement analysis to monitor and explain the changes in the company's capital position
  • Develop new functionalities and enhancements to the model as necessary, including improved efficiencies
  • Support new business activities by evaluating capital requirements for potential acquisitions and reinsurance blocks
  • Provide ad hoc capital analysis and financial projections to support strategic initiatives as necessary
  • Skills Required

    Alm, model development , model validation

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    Intern • Gurugram, Gurgaon / Gurugram, India