15h Left: Manager

3 days ago

Noida India HCLTech Full time

Job Description

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

Domain:Life Insurance

Location:Noida/ Hybrid

Reports to: Senior Manager

Actuarial Experience: 8+ years

- Decoding models of Legacy Software.
- Create excel models using VBA, SQL against (client) models of legacy software.
- Run the portfolio to ensure that excel model output matches with that of legacy software results.
- Cross check cashflows from migrated software and match with the last published figures.
- Individual and block testing.
- Identify the differences and amend the excel model to fix it.
- Ensure the testing and validation is successful.
- Write model spec against each of these legacy software models first.
- Write procedure notes against each of these spreadsheet model developed.
- Lead and coach juniors on modelling.
- Present product wise status report to senior.
- Other tasks
- Performing contractual premium review of product block/policies.
- Repricing following premium review by creating models.
- 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.
- 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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