Manager (Actuarial)

We are hiring for a Manager Actuarial role. Please find the below Key tasks and responsibilities for the same :

Domain : Life Insurance

Location : Noida / Hybrid

Reports to : Senior Manager

Actuarial Experience : 8+ years

• Decoding models of Legacy Software.
• Create excel models using VBA, SQL against (client) models of legacy software.
• Run the portfolio to ensure that excel model output matches with that of legacy software results.
• Cross check cashflows from migrated software and match with the last published figures.
• Individual and block testing.
• Identify the differences and amend the excel model to fix it.
• Ensure the testing and validation is successful.
• Write model spec against each of these legacy software models first.
• Write procedure notes against each of these spreadsheet model developed.
• Lead and coach juniors on modelling.
• Present product wise status report to senior.
• Other tasks –
• Performing contractual premium review of product block / policies.
• Repricing following premium review by creating models.
• Working on Bonus, Expense review, Fund mergers etc projects
• Ensure that work is processed as per agreed quality standards for correctness and fairness.
• To ensure that all enquiries are recorded correctly on the Company Systems, for work to be scheduled to the individual and the team and to provide an audit trail.
• To ensure that you are aware of the company complaint and incident identification procedure and that these are acted upon immediately to minimise regulatory breaches, customer / client detriment and business image.
• To ensure that work is processed within industry compliance and legislative requirements under the guidance of the Manager, Analysts and Technicians, ensuring compliance with controls and procedures.
• To undertake any other duties as may be deemed appropriate by your manager.
• Ensure personal and business objectives for self are met in line with the departmental business plan.
• To ensure that regulatory and audit requirements are met. To be aware of data security from a customer and business perspective and take responsibility for the prevention of fraudulent activity. Maintaining the data protection ideals of clear desk, secure storage, and secure PC.
• To ensure that the business operating systems utilised are used correctly and professionally.
• Ensure all regular events, including audit activities and actions, are completed / escalated.
• To adhere to local and corporate governance and controls ensuring business operating systems and procedures are utilised / updated as necessary.
• To adhere to all HCL policies and procedures