Senior Actuarial Analyst – Actuarial Assumption Setting

1 month ago

bangalore, India Voya India Full time

About Voya India

Voya India, formerly known as VFI SLK, is a technology-driven, business process transformation company, driving the evolution of the financial services customer experience through the art of technology, innovation, and human creativity.

As a subsidiary of Voya Financial, Inc., we are dedicated to delivering cutting-edge solutions to Voya’s Health (employee benefits), Wealth (retirement), and Investment Management businesses. Our focus lies in crafting inventive customer-centric solutions by digitizing, automating, and optimizing technology and business processes.

We are committed to fostering an environment that celebrates learning, growth, and inclusivity while developing and deploying innovative and impactful solutions for Voya Financial, Inc.



Profile Summary

• This position takes ownership of actuarial responsibilities for Assumption setting process, Experience Studies & Cash Flow Testing of Employee Benefits & overall coordination of Closed Block Life product


s

Locatio n : Delhi / Bangalore / Pu


ne

Ro

le • Responsible for assumption setting process of Employee Benefit busin

ess• Perform experience studies by extracting relevant experience data, perform reconciliations and data analy

sis• Apply actuarial techniques to analyze and interpret the experience trends and explain drivers of chan

ges• Analyze the impacts on various metrics from change in assumpti

ons• Providing support for cash flow testing and actuarial memora

nda• Responding to requests from internal and external audit

ors• Build strong relationships and collaborate effectively on cross-functional te

ams• Diagnose problems and/or areas for improvement; design and execute solutions to improve business performa

nceRequiremen

ts • Bachelors’ degree in Mathematics, Actuarial Science, Finance, or related business discipl

ine• ASA or newly credentialed

FSA• 3-5 years of actuarial or financial or insurance industry experien

ce.• Must have experience in Employee Benefits (Group life, Group Health) or life insura

nce• Experience in assumption setting or experience studies is a p

lus• Excellent computer skills (especially Excel, Access, Visual Bas

ic)• Strong analytical skills and advanced knowledge of actuarial statistics/assumptions; ability to use this knowledge to lead/develop solutions to ad-hoc requests or iss

ues• Ability to challenge current methodologies/approaches and develop more efficient and effective soluti

ons• Strong understanding of insurance products and insurance company operati

ons• Ability to communicate effectively with manager, other team members and partners/ customer.


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