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Modelling Actuary, Consultant

Modelling Actuary, Consultant

Aon

3 - 5 years

3 - 5 Lacs

gurgaon haryana india

Posted:1 month ago| Platform: Foundit logo

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Skills Required

actuarial software ifrs17 tev mcev

Work Mode

On-site

Job Type

Full Time

Job Description

Job Title

Modelling Actuary, Consultant

Position type

Full Time

Work Location

Bangalore, Whitefield

Working style

Hybrid

Cab Facility

Required education and certifications critical for the role

Degree in Actuarial Science

Required years of experience

3-5 years of relevant experience

Skills/Competencies Required

3+ years of modelling experience in life insurance industry or consulting firms
In-depth actuarial domain knowledge of life insurance products including but not limited to the Indian market, and the statutory requirements for such products
Experience in IFRS17/Ind AS 117, Traditional Embedded Value (TEV) and Market Consistent Embedded Value (MCEV) reporting
Understanding of regulations such as HK-RBC, SG-RBC and Solvency II
Experience with object-oriented programming languages and actuarial software systems (Python programming experience preferred)
Pursuing actuarial examinations from a recognized professional body/institute with good exam progress
Ability to work in a highly collaborative environment as well as independently with minimum supervision
Ability to take ownership of a technical challenge and see it through to a successful conclusion
Strong communication skills for heavy team and client interaction

Job Responsibilities

Development Services
Develop and implement actuarial models for assets and liabilities for clients based on local valuation and solvency regulations for tasks like financial reporting, statutory liability computation, pricing, embedded value, and appraisal value
Develop and implement IFRS17 reporting including calculation of fulfillment cash flows, risk adjustment, and Contractual Service Margin under different measurement models for clients
Develop and deliver automated solutions including integration of multiple workflows
Develop and implement asset liability management (ALM) / liability driven investing (LDI) models for institutional clients
Provide programming and analytical expertise in a practical asset/liability and portfolio management context, including ALM risk monitoring and reporting, asset rebalancing, portfolio optimizations, and investment strategy research
Build and maintain financial asset models for use in balance sheet projections of financial services companies
Build and maintain Economic Scenario Generators used in the valuation of financial assets and insurance liabilities
Further the development of robust processes for ALM, hedging, strategic asset allocation, scenario generator calibration, insurance company financial reporting, etc.
Participate in the expansion of PathWise functionality as required or as requested by clients
Onboarding Services
Support the development of models and processes for companies moving into PathWise
Provide hands-on training for PathWise users
Develop standalone training reference materials for PathWise users
Identify shortfalls in company processes and propose improvements
Troubleshoot issues as they arise during PathWise migrations, focusing on providing a strong initial user experience
Business Development Support
Participate in demonstrations to potential clients
Develop models specific to client requirements
Participate in industry, academic and internal research projects
Develop and deliver presentations on emerging issues pertaining to the insurance industry and the financial services industry
Attend industry and client conferences

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