Analyst- Life Actuarial
1 month ago
We are recruiting a Life Actuarial Analyst in the Actuarial Services team. The responsibilities of Analyst will include:
Primary Responsibilities
Actuarial Audits: Audit of the client's half-yearly and yearly valuation systems for true and fair view.
• Solvency II [Assumptions, methodology, controls and results including Technical provisions, SCR] review
• IFRS current and proposed IFRS 17 [Assumptions, methodology, controls and results] review.
• US GAAP and US STAT valuation.
• Modelling: Modelling of reserves, risk adjustment, embedded value for various life products; migration of models from existing actuarial software (e.g. MGALFA to GGY AXIS); model testing and validation.
• Appraisal Value/Transactions/Embedded Value Review: Provide transaction and due diligence support to the client; including perform independent validation of Embedded Value calculations.
Other related responsibilities
- Assist client with understanding and implementing the new regulations e.g. IFRS 17, etc.
- Provide assistance with actuarial system transformation
Qualifications
Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics
0-1 years of relevant Actuarial experience. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed significant actuarial exams from any of these institutes.
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