Manager –

3 weeks ago


Noida, India HCLTech Full time

Job Description


The role holder will work closely with the onshore Customer Directorate team (in particular the Actuarial Head) 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: Manager – (Actuarial Projects)

Domain : UK Life Insurance

Location: Noida/ Hybrid

Actuarial Experience: 7+ years


Purpose of the role

  • To design/do complex actuarial calculation & projection models (using excel, VBA, SQL) of UK Life Insurance products and pension policies.
  • To understand client needs and provide services as per company’s operational standards, procedures and practice
  • To work closely with on/off-shore managers and provide effective support
  • To successfully migrate new activities and deliver
  • To deliver all services as per specified standards of Quality and Timeliness
  • Promote a healthy and motivating work environment and atmosphere
  • To ensure all procedures/ documentation and controls are in place to provide effective services
  • Listen to team members’ feedback and resolve any issues or conflicts
  • To drive process improvements in the team


Key tasks and responsibilities

  • Proposing varied solutions of ad-hoc actuarial projects by talking to Pricing actuary, System actuary, actuarial department of client. Developing model and solutions post approval by UK clients.
  • Repricing following contractual premium review of product block.
  • Delivering complex actuarial projects like CGT, Fund Merger, Bonus calc model, expense review, illustration projects, fund switches & pricing algorithm support projects to name a few.
  • Walkthrough to clients on data, assumptions, methodology & product design etc of different UK Life & annuity models
  • Delivering accurate and compliant Actuarial calculation model support to Operations and external clients to achieve and at times exceed service standards.
  • Ensuring that non-workflow calculation processes are in place (e.g. develop spreadsheets etc).
  • Calculation of both complex lifecycle and non-lifecycle referrals.
  • Provide support on a wide range of technical actuarial queries.
  • 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, in order 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 and customer/client detriment and business image.
  • To ensure that work is processed within industry compliance and legislative requirements under the guidance of the Operations Manager, Analysts and Technicians, ensuring compliance with controls and procedures.
  • To undertake any other duties as may be deemed appropriate by your respective 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

  • Graduation in Actuarial Science
  • Must have passed few actuarial exams (IAI/IFOA/SOA)
  • BSC/MSC Actuarial Science or BSC Mathematical or Financial subject

Specific Job Skills

  • 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
  • Workforce planning knowledge
  • Understanding of actuarial processes and procedures

Experience

  • Programming experience (especially VB or VBA)
  • Experience with Structured Query Language (SQL)
  • Actuarial Analysis experience within Life insurance sector
  • 7+ years of actuarial experience of working in Life insurance & annuity.
  • Experience of working with actuarial clients in a BPO environment
  • Team collaboration

Core Competencies (HCL Standards)

  • Change & Innovation
  • The need to work in a regulatory environment.
  • Delivering Excellence
  • Inspirational
  • Team player


  • Immediate (or 2 months’ notice period) joiners would be preferred.
  • Candidates with actuarial pricing/product management and/or system experience would be preferred.



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