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Sonal Lalwani

Manager at Black Turtle India Pvt Ltd

Last Login: 19 July 2024

Job Views:  
51
Applications:  7
Recruiter Actions:  2

Job Code

1390359

Actuaries Role - Life Insurance

10 - 15 Years.Bangalore/Gurgaon/Gurugram/Kolkata
Icon Alt TagWomen candidates preferred
Posted 4 months ago
Posted 4 months ago

Actuaries/Qualified Actuaries-Life Insurance


- Experienced actuary (atleast 12 exams, preferably fully qualified) with over 10+ years' experience in the insurance industry

- Communicate complex technical modelling issues to senior stakeholders (Chief Actuaries, Chief Risk Officers, Chief Financial Officers, Global Heads of Functions, etc.).

- Liaise with Regional Model Risk Management teams and other teams within Independent Model Review to best manage the reviewing of models across all legal entities, regions, businesses and functions

- Manage multiple senior stakeholder relationships at global level.

- The role is open for all three locations in India - Gurgaon, Bangalore and Kolkata with a hybrid work mode of working from office twice a week.

Qualifications:

What you will need to succeed in the role:

- Strong technical knowledge of actuarial models and techniques across some of the traditional actuarial areas such as statutory valuation, risk based capital reporting (Solvency II / HK RBC / Singapore RBC2), embedded value reporting, financial reporting (IFRS17), business planning, experience analysis, product pricing etc.

- Strong understanding of operation of par business including stochastic modelling, dynamic policyholder behaviour, modelling of management actions etc.

- Experience of modelling (coding) in any of the actuarial cash flow modelling software (such as Prophet, RAFM) as a coder is desirable. Should have atleast worked as a model user.

- Experience in pensions modelling would be an added bonus

- Knowledge or awareness of model risk regulations such as SR 11-7 or SS 1/23 would be an added bonus

- Strong communication and interpersonal skills

- Ability to form effective relationships with model developers and owners and key senior stakeholders within the Insurance, Pensions and Wealth teams and across the Bank

- Effective report writing skills and experience

- High attention to detail

- Drive to understand

- Ability to prioritise competing demands and demonstrate flexibility to meet dynamic requirements.

- Independently review and validate models and methodologies across regions, businesses, functions and risk types within the bank, including Insurance & Pensions, Asset Management & Wealth.

- Liaise with 1LOD and other model stakeholders as appropriate to ensure model reviews and model findings are adequately resolved.

- Communicate across technical quantitative, business and strategic levels to ensure that stakeholders understand the implications of the firm's model choices.

- Provide model users, senior management, audit & regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained and used within the Group are fit for the intended purpose and compliant with internal and regulatory expectations.

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Posted By

user_img

Sonal Lalwani

Manager at Black Turtle India Pvt Ltd

Last Login: 19 July 2024

Job Views:  
51
Applications:  7
Recruiter Actions:  2

Job Code

1390359

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