Actuarial Manager

1 week ago

Noida, Uttar Pradesh, India HCLTech Full time ₹ 1,50,000 - ₹ 28,00,000 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

  • Manager (Actuarial)

    1 week ago

    Noida, Uttar Pradesh, India HCLTech Full time

    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...

  • Analyst - Actuarial

    1 week ago

    Noida, Uttar Pradesh, India Marsh McLennan Full time ₹ 4,00,000 - ₹ 8,00,000 per year

    Company:Marsh McLennan AgencyDescription:The WAS (Wealth Analytical Services) Actuarial team supports Actuaries and Consultants of UK Occupational Pension Schemes with a broad range of actuarial & financial management services like Funding Valuation, Accounting (FRS102/IAS19R), Actuarial reports, Individual member calculations, de-risking projects, etc. We...

  • Career Opportunities: Actuarial Role

    6 days ago

    Noida, Uttar Pradesh, India beBeeAnalytical Full time ₹ 1,50,000 - ₹ 28,00,000

    Job DescriptionWe are seeking a highly skilled Actuarial Associate to join our team.The successful candidate will be responsible for managing US GAAP/STAT reporting, Experience Studies, New Business Valuation and Statutory reporting for Nepal. They will also develop and support the team for various activities, including automation projects, production...

  • Assistant Manager/Manager

    5 days ago

    Noida, Uttar Pradesh, India Virtuoso Staffing Solutions Full time ₹ 15,00,000 - ₹ 28,00,000 per year

    Job descriptionRole- US Consulting - US Healthcare- looking for immediate joinerExp:- 5-12 yearsLocation:- NoidaSupport associates & consultants by reviewing client needs, recommending approaches, and implementing benefit programs.Gain expertise in US healthcare benefit programs (plan designs, renewals, compliance, open enrollment).Draft and manage client...

  • Valuation Services Analyst

    7 days ago

    Noida, Uttar Pradesh, India Marsh McLennan Full time

    Company Mercer Description Company Marsh McLennan Agency Description The WAS Wealth Analytical Services Actuarial team supports Actuaries and Consultants of UK Occupational Pension Schemes with a broad range of actuarial financial management services like Funding Valuation Accounting FRS102 IAS19R Actuarial reports Individual member...

  • Associate Director

    2 weeks ago

    Noida, Uttar Pradesh, India Marsh McLennan Full time ₹ 15,00,000 - ₹ 20,00,000 per year

    Description:Works on basic to moderately complex actuarial/quantitative analysis projects with some guidance from senior project team members in order to assess and calculate costs, rates, risks and trends associated with underwriting health and welfare insurance brokering contracts, or projecting health care related costs. Projecting retiree medical costs...

  • Valuation Services Analyst

    6 days ago

    Noida, Uttar Pradesh, India Marsh McLennan Full time ₹ 15,00,000 - ₹ 28,00,000 per year

    Company:MercerDescription:Company:Marsh McLennan AgencyDescription:The WAS (Wealth Analytical Services) Actuarial team supports Actuaries and Consultants of UK Occupational Pension Schemes with a broad range of actuarial & financial management services like Funding Valuation, Accounting (FRS102/IAS19R), Actuarial reports, Individual member calculations,...

  • Manager

    3 weeks ago

    Noida, Uttar Pradesh, India EXL IT service management Full time

    Job DescriptionPosition Overview We are seeking a highly skilled and knowledgeable Workday Adaptive Planning Professional to join our Finance/FP&A team. The ideal candidate will bring expertise in building and optimizing Workday Adaptive Planning models to support forecasting, budgeting, reporting, and scenario analysis. This individual will play a key role...

  • Executives

    5 days ago

    Noida, Uttar Pradesh, India EXL Full time ₹ 15,00,000 - ₹ 28,00,000 per year

    Basic FunctionThis role is primarily responsible for processing transactions into the system as per the communication received from customers.This role is also responsible for Payment processing and Manual calculations for Retirement insuranceAssociates in this role must be able to operate across various systems and product workflows with limited oversight...

  • High Salary Associate

    4 days ago

    Noida, Uttar Pradesh, India Seventhedge Full time

    Experience: Minimum 6 months in backend operationsDesignation: Associate / Sr. Associate  Key Skills:  Excellent communication (audio/video)Attention to detail, logical,Job role will be to do verification across global educational licenses and organizationsGraduates onlyBGV (Background Verification) experience accepted  Shift & Work Mode:  Any 3 shifts:...