Actuarial Manager

4 days ago

Noida, Uttar Pradesh, India HCLTech Full time ₹ 20,00,000 - ₹ 25,00,000 per year

Purpose of the role

  • To work in the Actuarial Team engaged in supporting actuarial modelling for Life insurance.
  • To Understand Customer needs and provide service as per companys 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

  • 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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