People Consulting-Actuarial-Staff

1 - 2 years

7 - 8 Lacs

noida

Posted:1 day ago| Platform:

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Skills Required

cleaning insurance defined benefits us gaap python retirement benefits software back office defined contribution investment banking actuarial 401k sql staffing salesforce r valuation vba writing programming communication skills

Work Mode

Work from Office

Job Type

Full Time

Job Description

Should have a thorough understanding of US pension and retirement benefits
Carry out end to end actuarial valuations process of defined benefit pension schemes plans and for various compliance related reporting.
Experience in cleaning, processing, working with large data sets, identifying inconsistencies in the data and preparing it for valuation process.
Configuring the valuation system (ProVal) in accordance with the various assumptions for each individual client (interest rates/demographic/regulatory and other related) to generate liability for regulatory or financial disclosure.
Documentation and communication of steps and processes used to arrive at the result and maintaining a high quality of deliverables.
Familiarity with various US government forms and filings related to qualified DB pension funds and related accounting standards (such as ASC 715, ASC960 and IAS19) and preparation of final deliverable report.
Familiarity of IAS19 and US GAAP accounting standards.
Carry out all other reasonable requests and objectives to an acceptable standard within agreed timescales
Ensure that all statutory and company regulations are followed while processing work to protect clients and the business interests
Maintain an up-to date knowledge of legislative changes and actuarial procedures
Contribute ideas and suggestions for improvements to process templates
Training and sharing of knowledge with colleagues
Make steady progress with appropriate professional examinations as agreed with line manager with the support of the company.

Qualifications and Skill Requirements

1- 2 years of work experience in US Pensions in Actuarial domain
A Bachelor s or Master s degree with an emphasis in Actuarial Science, Mathematics, Statistics, or a related financial field
Credit for at least three Actuarial Examinations.
Familiarity with actuarial and statistical techniques
Valuation software ProVal (preferred)
Sound programming knowledge is plus VBA, R, Python, SQL
Good analytical skills. Strong written and verbal communication skills

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