Actuarial Intern

Actuarial Intern

We are looking for an Actuarial Intern.

Mandatory

Job Location: Gurgaon

Requirements:

· Understanding of US Life Products exposure. Traditional and/or Annuity products.

· On track to becoming an Associate or Fellow, with minimum 2-5 papers cleared.

· Life insurance understanding related to pricing, valuation, risk management, model development, model validation, cashflow testing, ALM.

· Experience with AXIS or similar actuarial projection or valuation software

· Strong analytical skills and ability to adopt a creative approach to solving complex process problems

· Ability to manage multiple work assignments and meet time commitments

· Strong oral and written communication skills

Responsibilities:

· Assist in conversion and valuation of various blocks of business

· Assist in model testing and validation exercise post model conversion

· Develop cashflow models for insurance liabilities, investments and derivatives

· Perform experience analysis on insurance blocks

· Prepare income statement and balance sheet for financial model

· Perform movement analysis to monitor and explain the changes in the company’s capital position

· Develop new functionalities and enhancements to the model as necessary, including improved efficiencies

· Support new business activities by evaluating capital requirements for potential acquisitions and reinsurance blocks

· Provide ad hoc capital analysis and financial projections to support strategic initiatives as necessary