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Actuarial Manager
2 months ago
Key Responsibilities
Drive model conversion & Modeling new regulatory concepts in the AXIS system by providing cover, review, and coding development support as required.
Maintain ongoing systems, valuation and business requirements and add value by giving ideas on the future developments of the system.
Oversee the model validation while creating & running new models in AXIS from first principles.
Understand and drive leveraging of actuarial valuation systems to improve valuation efficiency and to enable finance business performance delivery, including review and re-engineering of current actuarial valuation processes (considering speed, quality, simplicity etc.)
Drive the piece of life insurance asset liability modeling, Valuation Modeling across different line of business.
Ensure the delivery of annual statements with the required exhibits & statutory reports with the analysis of variance (AOV) and overview comments.
Provide pro-active analysis, insights and recommendations supporting the calculation and change to actuarial numbers like Asset adequacy test, statuary valuation, reinsurance, best estimate cashflows and Risk Based Capital (RBC) to deliver better business outcomes.
Ensure on providing the supporting document, calculations and reports for internal/external Audits by creating Axis replication tools.
Together with Systems & Data Processes, lead some of Actuarial team members to ensure change is aligned with needs of business.
Working towards Axis knowledge training to the team and as manager to make the team as a true CoE for actuarial modeling.
Generate ideas to automation of reports and tools to proactively review reports and provide solution to data anomalies and calculation methodologies and perform further analysis if needed.
Exhibits strong understanding of core business processes and the purpose of the team and become SME & mentor for actuarial process.
Conduct trainings and review the work of team members to ensure the quality of deliveries within stipulated timeline.
Knowledge/Skills/Abilities/Experience
Bachelors or Master’s degree in a quantitative discipline (Applied Mathematics, Statistics, Operations Research, Actuarial Sciences or related field)
9-12 years’ experience in Actuarial field, preferably in Life Insurance for Actuarial Manager
In pursuit of Actuarial papers from US/UK/India and making good progress towards certification
Knowledge and experience of US insurance and financial services market, including market structure, product, distribution, regulation, and governance processes.
Knowledge of Actuarial aspects of Life and all related statutory rules and regulations
Technical capability / knowledge of US valuation practice
Expertise on Actuarial valuation system AXIS (GGY/Moody’s) .
Proficient in tools like MS Office, SQL and Access, R/SAS
Strong written and verbal communication skills
Candidates with actuarial qualifications will be given preference.