Actuarial Automation Specialist

2 days ago

Vellore, Tamil Nadu, India beBeeAutomation Full time ₹ 25,00,000 - ₹ 40,00,000
**Job Opportunity for Actuarial Professional**We are seeking an analytical individual with experience in financial modeling using actuarial software to join our team focused on automation and transformation within life actuarial consulting.This role presents a unique opportunity to apply automation technology skills to actuarial work, helping clients utilize technology and leading-edge software to optimize their processes and transform their actuarial and finance businesses.Our team comprises over 1,300 insurance practitioners with expertise across markets, geographies, and disciplines. We apply actuarial principles to develop value propositions in widely used life actuarial software.The Role:
  • Working on actuarial modeling projects using proprietary software for tasks like statutory liability computation, pricing, embedded value, and appraisal value.
  • Implementation of IFRS17 and asset liability management projects.
  • Supporting the development and delivery of automated solutions for clients:
  • Undertaking substantial work streams in process transformation projects.
  • Collaborating with project leaders to understand priorities.
  • Developing an understanding of the Life insurance industry, its products, and actuarial models and familiarity with proprietary software solutions.
  • Contributing to revenue generation by identifying new client offerings to meet evolving business objectives.
  • Building intellectual capital, pursuing innovation opportunities, and participating in learning and development opportunities.
  • Managing junior colleagues: developing their knowledge and managing career progression.
  • Building and leveraging client relationships as well as introducing clients to our offerings.
  • Providing insights and solutions based on analysis.
  • Assisting senior leadership in developing business automation solutions.
  • Delivering work within project deadlines and meeting client expectations.
  • Documenting of actuarial model changes and summary of results.
  • Ensuring effective communication within the team and with clients and working collaboratively.
  • Building strong internal relationships and effective collaboration across geographical boundaries.
  • Demonstrating effectiveness in client and colleague interactions.
Qualifications:
  • 7-9 years' experience in an actuarial role in the life insurance team of an insurance company or at a consulting/financial services firm.
  • Minimum 2 years building cashflow models or automation engines for reporting purposes using actuarial software.
  • Completion of at least 9 actuarial examinations from either the Institute of Actuaries of India or the Institute and Faculty of Actuaries, UK.
  • Proficiency in Microsoft Office tools.
  • Experience writing/editing code in VBA, Python, SQL, or PowerShell.
  • Ability to independently lead a team to deliver solutions using actuarial software.
  • Interest and aptitude for learning new coding languages and technology.
  • Proven ability to diagnose and resolve issues with a strong client service orientation.
  • Strong working knowledge of reserving, pricing, embedded values, and other common technical actuarial topics.
  • Strong communication and analytical skills to explain results to senior leadership and clients.
  • Ability to effectively participate in the development of junior resources.

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