Associate Manager Actuarial

2 weeks ago

Noida, India HCLTech Full time

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


Domain: Life Insurance

Location: Noida/ Hybrid

Reports to: Deputy Manager

Actuarial Experience: 6+ years


Purpose of the role

  • To work in the Actuarial Team engaged in supporting manual 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

  • Re-pricing
  • Performing contractual premium review of product block/policies basis experience.
  • Creating models to do repricing with the current assumptions following review.
  • 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

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