Consulting-HC-IIO-Life Actuarial-Consultant

Human Capital

The Human Capital Offering Portfolio focuses on helping organizations manage and sustain their performance through their most important asset: their people. Centered on five core issues, this Portfolio signifies to the market that we see Human Capital as a topic critical to the C-Suite. As we go-to-market we will show our clients that we serve more than HR organizations – from the CEO to CFO, Risk Manager to Business Unit leader—and that we deliver on our issues and help create value for our clients.

Position Summary

Level: Consultant

As an experienced Consultant at Deloitte Consulting, you will be responsible for individually delivering high quality work products within due timelines. Need-basis you will be mentoring and/or directing junior team members/liaising with onsite/offshore teams to understand the functional requirements.

Work you’ll do:

The Consultant will support transformation and migration projects, consulting engagements and audit work by applying US GAAP, STAT, TAX, and LDTI regulations. Additionally, the professional will utilize their modeling and technical skills to develop or modify actuarial tools that validate various financial cash flows and results generated by life insurance companies.

• Work on GGY/Moody’s Axis modelling projects
• Get involved in transformation/migration from one actuarial software to another
• Build/modify excel spreadsheets/actuarial software that project and validate the cashflows generated by models
• Acquire knowledge and remain well versed with US products and Regulations
• Apply US GAAP, STAT and TAX, and LDTI regulations to products for calculating reserves, and other cashflows
• Work on Prophet, GGY/Moody’s Axis, Polysystems or Moses actuarial models.
• Interpret assumptions and experience studies results of insurance companies

The team:

Insights, Innovation & Operate offering is designed to enhance key aspects of our clients' businesses by leveraging cutting-edge technology, data, and a blend of deep technical and human expertise. We innovate and deliver creative, industry-specific solutions that streamline operations and accelerate speed-to-value.

Our actuarial consultants provide a full range of life insurance auditing and consulting services to clients. We help our clients combine data, processes, and technology to provide valuable business insights and ensure accurate financial and statutory reporting of their business results. Our team members work collaboratively and apply their specialized knowledge and experience to help clients navigate complex financial and statutory reporting concepts. We offer deep insights into their business practices and procedures and help them make more informed decisions to enhance their business’ efficiencies.

Qualifications

Must Have Skills/Project Experience/Certifications:

• 5 - 8 years of hands-on experience in life insurance actuarial domain
• The candidate is expected to be pursuing Actuarial certification form IFOA, IAI or SOA. And should have at least
• Cleared 5 actuarial exams. Specifically, CT1 (CM1), CT3 (CS1), CT5 (CM1) & ST2(SP2)
• Excellent problem solving and client service skills
• Willingness and ability to travel to meet client needs
• Good understanding of cash-flow projection methodologies for life insurance products
• Good understanding of concepts, regulations and guidelines and application of it to multiple projects
• Strong Product knowledge is expected (specifically US products), with experience in Pricing, Valuation or Reporting

Good to Have Skills/Project Experience/Certifications:

• Experience in GGY/Moody’s AXIS Modelling will be preferred
• Candidates with modelling experience and software migration experience will be preferred
• Advance knowledge and experience in Actuarial software including AXIS, Prophet, Moses shall be critical factor for hiring
• Candidates with strong experience in Reinsurance valuation, modelling or reporting will be preferred
• Strong experience of US GAAP, US STAT or LDTI shall be preferred
• Strong US Product knowledge, specifically in FIA, is expected, with experience in Reserving, Valuation or Reporting
• Candidates are expected to possess strong life actuarial technical skills with a strong consulting mindset. Who could work with multiple clients and have extremely good communication skills

Education:

• Graduation/Post Graduation with mathematics/statistics or any subject with sizeable mathematical content

Location:

• Hyderabad/Bengaluru/Kolkata