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Skill: Actuarial professionals with experience in Life Actuarial Domain with min of 3 Actuarial papers cleared
Required Skills:
Candidates must meet either of the criteria outlined below and should have cleared 3 to 5 core technical actuarial exams.
Valuation experience with US GAAP and STAT (specifically with FIA and VA)
GGY AXIS Modelling
Prophet Modelling
Audit experience with USGAAP and STAT reporting along with US products (Trad, Life, UL) specific knowledge.
Work you'll do
The Professional will support transformation and migration projects, consulting engagements and audit work by applying US GAAP, STAT, TAX, IFRS 17, and LDTI regulations. Additionally, the professional will utilize their modeling and technical skills to develop or modify actuarial tools that validate various financial cash flows and results generated by life insurance companies.
We will look to you to lead client engagement teams in Actuarial and Insurance Solutions (AIS) practice. The work may include one or more items from the below list (not exhaustive):
- Work on GGY/Moody's Axis modelling projects
- Get involved in transformation/migration from one actuarial software to another
- Build/modify excel spreadsheets/actuarial software that project and validate the cashflows generated by models
- Acquire knowledge and remain well versed with US products and Regulations
- Apply US GAAP, STAT and TAX, IFRS17 and LDTI regulations to products for calculating reserves, and other cashflows
- Work on Prophet, GGY/Moody's Axis, Polysystems or Moses actuarial models
- Interpret assumptions and experience studies results of insurance companies
- Lead current projects with minimal support from project managers
- Help in training, mentoring, and motivating junior staff
- Bridge the knowledge gap within the team and provide overall perspective
- Develop and maintain client/internal relationships.
The team
Our actuarial consultants provide a wide range of insurance audit, and consulting services to clients. We help our clients combine data, processes, and technology to provide valuable business insights and ensure accurate financial and statutory reporting of their business results. Our team members work collaboratively and apply their specialized knowledge and experience to help clients navigate complex financial and statutory reporting concepts. We offer deep insights into their business practices and procedures and help them make more informed decisions to enhance their business' efficiencies.
Required Skills and Experience:
- Excellent verbal and written communication skills
- Consulting mindset - must be willing to learn new skills and adapt to changing business environment
- Excellent problem solving and client service skills
- Proven project and people management capabilities
- Willingness and ability to travel to meet client needs
- Good understanding of cash-flow projection methodologies for life insurance products
- Good understanding of concepts, regulations and guidelines and application of it to multiple projects
- Strong Product knowledge is expected (specifically US products), with experience in Pricing, Valuation or
Reporting.
- Graduation/Post Graduation with mathematics/statistics or any subject with sizeable mathematical content
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