Associate - Actuaries Analytics - In

4 months ago

Mumbai Maharashtra, India TIAA Full time

Senior Specialist - Actuaries Analytics - IN
Works closely with the GA CIO, Asset Management, and Risk Management and is primarily responsible for strategic asset allocation analyses, asset-liability stress-testing, economic capital framework, and interest rate risk management. ALM also works with GAO and Product Actuarial on investment strategies for new products and is responsible for maintenance and calibration of the economic scenario generator.

Key Responsibilities and Duties
- Responsible for strategic asset allocation analyses, asset-liability stress-testing, economic capital framework, and interest rate risk management under limited guidance
- Works with GAO and Product Actuarial on investment strategies for new products and is responsible for maintenance and calibration of the economic scenario generator
- Under general supervision, Responsible for strategic asset allocation analyses, asset-liability stress-testing, economic capital framework, and interest rate risk management under limited guidance

Educational Requirements
- University (Degree) Preferred

Work Experience
- 5+ Years Required; 7+ Years Preferred

Physical Requirements
- Physical Requirements: Sedentary Work

Career Level
8IC

**Job Description**:
Job Title: Actuary, Actuarial Services

Business Area: Finance

Job Location: Mumbai

Position Summary: Describe below the primary purpose and function of this job

At TIAA, we’re guided by a common purpose to help make financial lives better by connecting clients and communities to the resources they need to be successful. We’re looking for the financial advisors—those with a keen desire to learn, passion for people and drive to make clients’ financial lives better. You’ll advise and guide clients on how to achieve their financial goals. Additionally, you’ll be equipped with the expertise to support them with tools and resources.

Leverage mathematical and data analytical skills and knowledge of actuarial concepts and TIAA products to study data and recommend assumption updates. Manage large data sets and perform analysis of trends using R, Python and Excel. Employ predictive analytics techniques when beneficial and practical. Propose improvements to projects and analysis to address requests/questions from various stakeholders.

Key Duties & Responsibilities: List up to 5 key duties and responsibilities, management responsibilities and time spent (if applicable)
- Perform BAU experience studies and recommend best estimate assumptions.
- Perform experience studies and recommend assumptions for use cases that require assumptions that differ from best estimate
- Present recommendations to the Assumptions Review Committee
- Interact with various business partners (e.g., TIAA Institute, TIAA Enterprise Analytics, Product Management,) to perform studies and share insights.
- Interact with IT and Shared Services to move our experience studies system to the company standard data tool and to standardize and productionalize our queries using Tableau and Snowflake
- Respond to ad hoc requests.
- Perform internal and external peer reviews.
- Liaise with Modeling Team to enhance connection between Modeling and Experience Studies
- Provide assumption tables to Model Production
- Review model runs for impact analysis.
- Work with Model Development when new code is required due to assumption methodology changes.
- Run monthly check-ins with Modeling.
- Potentially perform work for Modeling Team, developing modeling skills
- Work with IT and others on corporate data/reporting project, data quality and maintenance, and submissions to auditors, regulators and the SOA

Impact:
Nature of Impact - Creates business impact by providing accurate liability assumptions to support actuarial projections and decision making.

Area of Impact - Job is primarily related to Actuarial Services..

Problem Solving: What is nature and complexity of the problems or decisions encountered? Are analytical skills needed?

Analytical skills are needed in order to perform BAU experience studies as well as intake ad-hoc requests to support decision making by business partners.

Functional Knowledge: What knowledge of concepts, process, principles or procedures is needed within discipline; SME?

Must have strong technical skills, including ability to organize and analyze large sets of data, and knowledge of actuarial concepts. Knowledge of annuity products preferred

Business or Industry Expertise: Describe the degree of knowledge and understanding required of TIAA’s business and industry, commercial environment and of competitors products and services.

Financial services industry experience preferred.

Interactions / Interpersonal Skills: Describe the nature and level of interactions this job has with others, both internally and externally. Explain any specific interpersonal skills necessary to successfully perform this role (i.e., negotiation skills, represents business at external events or to governmental bodies,

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