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