Hiring for Assistant Actuary - Independent Validation - Insurance in Delhi/NCR, Mumbai for Exp. 5 - (Bangalore Job)
(Not Shown) (Please mention IndiaDynamics.com when contacting)
Job Description:The Assistant Actuary is responsible for a variety of valuation and reporting tasks, including : - The review of actuarial assumptions in valuation systems for accuracy. This task will include crosschecking the Statutory and GAAP assumptions sets in ArcVal against the appropriate documents holding the assumptions (product specifications/unlocking memos). - Perform independent validation of reserve calculations by hand calculating reserves and comparing results to policy level outputs from the valuation system - Assist with quarterly Poly-Systems runs and extracting the results into Excel. This includes retrieving input files from IT, ensuring they are updated for month end, running the valuation and extracting/summarizing the results in Excel - Develop, implement and refine processes to extract and consolidate valuation systems outputs into spreadsheets, databases or other valuation tools - Calculate premiums to re-insure the death benefits for a block of variable annuities with guaranteed minimum death benefits. This includes running queries in Access to collect policy data, completing quality assurance checks to ensure the appropriate policies are included, balancing/reconciling the account and fund values and populating the data into a spreadsheet to calculate the premiums. - Management of a team of actuaries, including communication of project objectives and direction to these actuaries and ensuring that team objectives are met.