Job Description

Position Summary
Focus of the role includes:

• Responsible for managing pricing, New Business Valuation and Statutory reporting for Nepal and multiple projects across geographies
• Develop and support the team for various activities:

o Support automation projects
o Provide production steward reviews for new Prophet models for pricing new Products
o Ensure completion of Local statutory valuation filing.

• Develop strong working relationships and strategic partnerships with internal clients (e.g. Dev team, QA team, local office, IT and other users of models) to ensure a high degree of customer satisfaction
• Lead a team of Noida-based actuarial students to support Senior Manager and ensure critical focus on core deliverables throughout

Job Responsibilities
To support the delivery of the following objectives:

• Active involvement in the areas of Product pricing, New Business Value, UAT test, Valuations and modeling.
• Preparation of various internal reports along with actuarial statutory report / Mortality / Expenses Studies.
• Knowledge of Local Insurance Laws, regulations.
• Timely review of VNB report with high accuracy.
• Populate CFT projection model for liquidity test.
• Work closely with Appointed Actuary/ CFO/Financial controller and other stakeholders for various ad-hoc task.
• Active delegation and execution of work while maintaining strong focus on quality, timeliness, and effective communications
• Aspiration and preferably track record of success in pursuing actuarial study to become an Actuary.
• Learn and provide desired output using actuarial software like Polysystem/Prophet.
• Good communication skill (both written and spoken) in English & Nepali.
• Excellent computer knowledge
• Maintain productive working relationships with internal and external team members.
• Provide extensive support to the finance department in process improvement, Reinsurance and other relevant

Key Performance Indicators (KPIs) of Position:

• Review necessary enhancements to the Global Tools taking into consideration multiple bases (e.g. US STAT, US GAAP LDTI, Local STAT etc.)
• Validation of changes made in the Models for Pricing and Valuation.
• Contributing towards good team morale and positive team engagement and professional development
• Ensuring excellent communication between Noida-based team and stakeholders based in different geographical locations
• Taking ownership of work; clearly flagging any issues and goal delivery concerns to senior leadership team

Knowledge, Skills and Abilities
Education

• Should be a Graduate preferably in Actuarial Science/ Mathematics/ Stats/ Commerce Stream

Experience

• Around 5 years of actuarial experience with 8+ actuarial exams and experience in valuation/reserving.

Knowledge and skills (general and technical)
Essential experience, skills and competencies:

• Respectful of deadlines, discipline and process, yet flexible and pragmatic within a growing business
• Capable of working autonomously or with a team, and of balancing own initiative with advice from others
• Able to navigate through complex problems and organisations to achieve results and deliver solutions
• Able to communicate complex issues to non-experts
• Excellent Excel/VB/ VBA skills
• PROPHET and POLYSYSTEMS models.

Other Requirements (licenses, certifications, specialized training – if required)

• NA

Working Relationships
Internal Contacts
(and purpose of relationship):

• Global Actuarial Modelling; production leaders

External Contacts
(and purpose of relationship) – If Applicable

• Local Office, IT and Other teams