Assistant Manager - Actuarial - Insurance

Assistant Manager - Actuarial

Key responsibilities :

- Provide support and guidance to more junior members of the team. May have some responsibility for the supervision of other junior team members or delivery of specific pieces of work.

- Seek and act on opportunities to develop wider and deeper technical and business understanding.

- Monitor business and external developments related to own area of responsibility and propose consequent changes to established procedures.

- Undertake numerical analysis and manipulation using a range of systems and actuarial tools.

- Prepare and document simple computer programmes and models to clearly defined requirements.

- Support a range of management reports like committee papers, board reports, process efficiency reports, and regulatory returns.

- Respond to straightforward technical queries.

- Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented.

- Compliance - Ensure understanding and adherence to Prudential's Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.

- Performance Management (for people managers)- follow and contribute to the recognised Performance Management process.

- 3-5 years of relevant Actuarial experience

- An active student member of the Institute or Faculty of Actuaries and / or Indian Institute of Actuaries with minimum 8 exams cleared.

- Thorough understanding of at least one function / team within Actuarial & ability to deliver on assigned tasks independently.

- Awareness of the Financial Services industry and regulatory environment like EEV, IFRS, Solvency II.

- Some knowledge of significant regulatory processes within UK operations.

- Some level of business influence skills like commercial appreciation and attitude required.

- Some level of understanding of the financial dynamics of Insurance business and how key factors influence the various financial measures.

- Reasonable knowledge of insurance industry related products like Annuities, Bonds, Lifetime Mortgage, Unit Linked and With Profit.

- Added advantage for experience in Actuarial Modelling, valuation and reporting and knowledge of MoSes/Prophet/RAFM.