Lead Analyst_ Actuarial

2 months ago

Noida, India HCLTech Full time

Please share resumes to shine.albert@hcltech.com.


Job Description:


The role holder will work closely with the UK Customer Directorate team (in particular the Actuarial General Manager) who will be for accountable for all work done by the off-shore Actuarial team. The role holder will ensure the Actuarial Manager has access and information that enables them to oversee all offshore activity, and will ensure that all UK instructions, controls and changes are implemented effectively."


Job details

Job Title: Lead Analyst (Actuarial)

Level: E1.2

Domain: UK Life Insurance

Location: Noida/ Hybrid

Reports to: Deputy Manager


****Candidates with actuarial pricing experience would be preferred.****


Purpose of the role

  • To work in the Actuarial Team engaged in supporting actuarial calculations for UK Life insurance.
  • To Understand Customer needs and provide service as per company’s operational standards, procedures.
  • To deliver all services as per specified standards of Quality and Timeliness
  • To oversee the day-to-day operation of the Team and performance
  • Promote a healthy and motivating work environment and atmosphere.
  • Identify training needs and provide coaching.
  • Listen to team members’ feedback and resolve any issues or conflicts.
  • To drive process improvements in the team

Key tasks and responsibilities

  • Create excel models (using VBA, SQL) against client models of legacy software.Run all the models points & portfolio to ensure that model output matches with legacy software results.Fix the model for deviation.Ensure the testing and validation is successfulWrite model spec against each of these legacy software models first.Write procedure notes against each of these spreadsheet model developed.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 and monitor success.
  • 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


Person Specification:

Education/Qualifications/Training:

Essential:

Graduation in Actuarial Science

Actuarial exam/s passed from IAI/IFOA/SOA etc.

Desirable:

BSC/MSC Actuarial Science or BSC Mathematical or Financial subject


Specific Job Skills:

Essential:

  • Good Knowledge of MS Office (especially Excel)
  • Able to demonstrate a good knowledge of the technical aspects of Life insurance products.
  • Excellent communication skills – verbal and written.

Desirable:

  • Workforce planning knowledge
  • Understanding of Actuarial Processes and procedures

Experience:

Essential:

  • VBA Programming experience
  • Experience with Structured Query Language (SQL)
  • Actuarial Analysis experience within Life insurance (and annuity/pension policies) sector

Desirable:

  • At least 3 to 5 years of actuarial experience of Life insurance
  • Experience of working within an outsourcing environment
  • Team collaboration

Core Competencies (HCL Standards)

Essential:

  • Strategic Commercial Awareness
  • Change & Innovation
  • The need to work in a regulatory environment.
  • Delivering Excellence

Desirable:

  • Team player

  • Lead Analyst_ Actuarial

    2 months ago

    Noida, India HCLTech Full time

    Please share resumes to Job Description: The role holder will work closely with the UK Customer Directorate team (in particular the Actuarial General Manager) who will be for accountable for all work done by the off-shore Actuarial team. The role holder will ensure the Actuarial Manager has access and information that enables them to oversee all...

  • Lead Analyst_ Actuarial

    2 months ago

    Noida, India HCLTech Full time

    Please share resumes to shine.albert@hcltech.com.Job Description:The role holder will work closely with the UK Customer Directorate team (in particular the Actuarial General Manager) who will be for accountable for all work done by the off-shore Actuarial team. The role holder will ensure the Actuarial Manager has access and information that enables them to...

  • Analyst - Actuarial

    2 months ago

    Noida, India Mercer Full time

    Mercer is seeking candidates for the following position based in the Noida/Gurga office:Actuarial AnalystWhat can you expect?The role would be responsible for working with the analysts and on-shore consulting teams to deliver an excellent and consistent experience for all our clients through detailed checking and channels of communication.What is in it for...

  • Analyst - Actuarial

    4 months ago

    Noida, India Mercer Full time

    Mercer is seeking candidates for the following position based in the Noida office:Actuarial AnalystWhat can you expect?The role would be responsible for working with the analysts and on-shore consulting teams to deliver an excellent and consistent experience for all our clients through detailed checking and channels of communication.What is in it for...

  • Genpact - Senior Manager - Actuarial - P&C

    1 week ago

    Noida, India Genpact Full time

    Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose - the relentless pursuit of a world that works better for people - we...

  • Sr Technical Lead

    2 weeks ago

    Noida, India Birlasoft Full time

    Job Summary:We are seeking a skilled candidate with 5+ Years of Excel & VBA hand on experience and having strong P&C Insurance Domain understanding and experience in working on Actuarial processes.Key Responsibilities: Data Analysis and Modeling: Utilize Excel VBA to develop and maintain complex actuarial models and automate data analysis processes. Strong...

  • Lead Consultant

    2 weeks ago

    Noida, India Genpact Full time

    Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people –...

  • Assistant Manager

    3 weeks ago

    Noida, India Genpact Full time

    Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose - the relentless pursuit of a world that works better for people - we...

  • Management Trainee, Data Analyst

    3 weeks ago

    Noida, India Genpact Full time

    Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose - the relentless pursuit of a world that works better for people - we...

  • Lead AI or ML Engineer

    4 weeks ago

    Noida, India UnitedHealth Group Full time

    Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by diversity and inclusion,...

  • Lead AI or ML Engineer

    19 hours ago

    Noida, India UnitedHealth Group Full time

    Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by diversity and inclusion,...

  • Senior Principal Consultant

    2 weeks ago

    Noida, India Genpact Full time

    Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we...

  • Senior Principal Consultant

    1 week ago

    Noida, India Genpact Full time

    Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we...

  • Financial Anlayst

    3 months ago

    Noida, Uttar Pradesh, India Optum Full time

    Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by diversity and inclusion,...