Job
Description
We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential? To apply, click on: https://smrtr.io/rqP88 The Head of Methodology will be a key member reporting to the Client Chief Actuary and Head of Strategic Initiatives. It requires a qualified Actuary with 15+ years' experience in Actuarial space. Roles overview: (1) provide actuarial methodology direction on U.S. Statutory frameworks on new product initiatives and regulatory changes (2) take a leadership role when collaborating with other teams including valuation, model development, and assumption development for new life and annuity product development (3) be an advocate for the organization in influencing different industry & regulator perspectives on regulatory changes (4) work alongside our GAAP, U.S. Statutory and Bermuda EBS valuation leads to identify optimal Enterprise outcome on risk management. Key Responsibilities: Shape Statutory valuation methodology for new product launches and emerging regulatory reforms (VM-22, Reinsurance AAT, GOES, IMR, etc.) Review existing Statutory valuation methodology and serve as the SME internally on Statutory valuation Be the project lead in valuation for product launches and Statutory reforms, coordinating with SMEs from valuation and model development where applicable to steer project towards completion Advocate for Statutory valuation improvements and present information on key regulatory initiatives both internally and externally Participate in industry working groups on emerging Statutory regulatory topics Lead Statutory accounting change initiatives Base Location: Gurgaon/ Noida/ Bangalore/ Mumbai/ Pune/ Hyderabad/ Chennai Qualifications: Bachelor’s degree in Mathematics, Statistical, Economics and/or Actuarial Sciences FSA Designation (Fellow from IAI India or IFoA UK) 10+ years of actuarial experience ( 15+ years of experience in Life Insurance in US Market) Expertise in U.S. Statutory valuation and accounting frameworks (VM-20, VM-21, VM-22, Reinsurance AAT, GOES, IMR, etc.) Familiarity with capital management Established written and oral communication; experience with participating in working groups in industry committees Preferred: Experience with AXIS Fixed annuities and variable annuities product features MCEV frameworks Skills Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision. Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors. Managing Multiple Priorities: Knowledge of effective self-management practices; ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation. Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations. Statistics and Actuarial Modeling: Knowledge of statistical and actuarial modeling tools and techniques; ability to apply modeling processes and techniques to facilitate risk management decisions. To apply, click on: https://smrtr.io/rqP88 Regards Paridhi Pamnani Show more Show less
