Actuarial Manager

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.

• Writemodel specagainst each of these legacy software models first.

• Writeprocedure notesagainst 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