Job Description

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Responsibilities
Designation: Senior Actuarial Analyst
Indicative years of experience: 3-8 Years
Business Unit: IT
Location: Pune
Role Description: Develop, test and maintain applications with established processes while building holistic understanding of the underlying applications and domain
Key Responsibilities:

• Develop and maintain technical designs based on requirements
• Develop application code for programs while following coding standards
• Develop and execute unit tests
• Complete Analysis & documentation as required by the project
• Support application testing and resolve test defects
• Report status updates as required by the project
• Follow established project execution processes
• Resolve queries/issues and provide Application/functional support to peers & juniors
• Build holistic understanding of applications & underlying domain being supported
• Knowledge sharing
• Running Liability valuation models.
• Provision calculation, Principal Based Reserving
• Experience analysis (Lapse& Mortality).
• Basis Setting.
• Month on Month Reserve reporting.
• ALM
• Preparing Actuarial Abstract
• Solvency Calculation.
• Analysis of Surplus
• Data analysis
• Meet onshore stakeholderis expectations on quality and timeliness.

Skills:
The candidate should have worked on one or more of the following areas:

• Pricing of life insurance products; participating, non-participating including unit linked
• Reserving of life insurance products, Risk based capital, Solvency II
• Reporting functions, ALM, Experience studies, modelling
• Data base management using SAS, R
• Prior knowledge of actuarial software ALPHA would be an advantage

Qualifications
Education: GraduateBachelors degree (any stream)
Other: Strong technical skills. Knowledge of SDLC.
Good aptitude, positive attitude, strong reasoning and communication skills. Must be a good team player. Good analytical skills, research oriented. Sound knowledge of Principal Financial Group specific application. Ability to resolve questions/issues related to the application as a Subject matter expert, ability to communicate with various stakeholders.
Competencies:
i Make sound business decision
i Embrace Change
i Build strong Partnership
i Get results
i Act Strategically
i Lead Cultivate Talent
Reporting relationship: This role will report to Delivery Manager / Senior Delivery Manager.
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