Associate Manager Actuarial

3 weeks ago

Noida India HCLTech Full time

Job Description 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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