Associate Manager Actuarial

11 hours ago

Noida Uttar Pradesh India, Ghaziabad 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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