Senior Consultant - Actuarial - Consulting Firm

SolveCube is an intelligent marketplace platform for CXOs and CXO-2 Level Management and Technology Experts. SolveCube is working with global consulting firms, mid and large enterprises across Asia and Middle East to fulfill their expert needs for short-term, part-time, interim and turnkey assignments.

Currently, one of our clients, a global consulting firm is looking for Sr. Actuarial Consultant in Mumbai, Bangalore and Gurgaon location.

JOB DESCRIPTION:

POSITION SUMMARY:

- The purpose of this position is to provide technical leadership to the team of actuarial analysts and consultants to deliver directly to clients on issues pertaining to valuation and other actuarial advices (primarily in employee benefits space).

- Responsibilities include supervising, coaching and mentoring both analysts and valuation specialists with a focus on career progression.

- This position is involved in numerous competing client projects that require delivering accurate results on time and within budget to global retirement consultants and also be the signing actuary wherever applicable.

- This position is also responsible for scoping and delivering accurate results on special projects that require understanding complex calculations and concepts.

ESSENTIAL JOB RESPONSIBILITIES:

Note: These statements are not intended to be an exhaustive list of all responsibilities and duties.

Responsibility:

% of time spent:

1. Review and validate client liabilities produced by the actuarial team. Review the final accounting and funding results for global retirement consultants and also be the signing actuary wherever applicable.

- Review the results in global consolidation tool (client specific tools)

- Main contact for clients related to actuarial consulting. Formulate views and provides inputs to client advice. Delivers directly to clients on issues pertaining to valuation and other actuarial advices.

- Regularly attend and participate in auditor/client meetings. (60%)

2. Direct, coach and guide actuarial analysts and valuation specialists through core valuation work which includes flawless execution with respect to requesting, gathering and reviewing client data for completeness, reconciling data and assets from previous valuations and preparing summaries of data, assets and benefits defined in the plan document. (15%)

3. Supervise employees as direct reports, typically up to 5-7

Have full authority for the following people management responsibilities:

- Assigning, directing and evaluating work

- Conducting performance evaluations, progressive counselling and career development discussions

- Ensuring appropriate orientation and on-going education/training

Provide critical input to the following people management responsibilities:

- Hiring and firing employees

- Promotion, salary and bonus actions (10%)

4. Provide an effective level of business support for the team's portfolio of client. Proactively manage the completion and timely delivery of client work and works alongside junior/senior colleagues and with a cross section of people from other businesses. Coordinate and address queries received from auditors/client

Coordinate workflow:

- Determine timelines and valuation budget and compare budgeted vs. actual time spent

- Plan to determine best methods to increase efficiency/profitability

- Attend and present technical work and updates with global/regional consultants

- Support key metrics for business like revenue, AR's and WIP that require regular monitoring by leadership. (15%)

KNOWLEDGE, SKILLS AND ABILITIES:

Education (degree / diploma):

- Partially qualified actuary with about 6-8 actuarial exams with IAI or IFOA

- Bachelor's or Master's Degree in Mathematics / Statistics

Experience:

- Experience in working of employee benefits in India

- Overall experience of 8-10 years in actuarial domain

- Strong skill in MS Excel and working knowledge of MS Word and PowerPoint

Knowledge and skills (general and technical):

- Problem solving and consultancy skills

- Excellent communicator both verbal and written

- Ability to assimilate and analyze complex data

- Good presenter

- Self-motivated with a dynamic approach

- Highly collaborative, Team player

- Ability to manage, motivate, and mentor more junior level staff

- Project management skills, Ability to organize and priorities activities

- Attention to details

- Multi-tasking

- Other requirements (licenses, certifications, specialized training)

- Partially qualified from IAI or IFOA with 6-8 exams