Professional 1 Actuary (51006776)
Internship Noida (Gautam Buddha Nagar)
Job description
· Job Description:
Essential Job Functions
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Summary
Analyzes routine insurance information and assists in conducting analyses on moderately complex information, estimates liability, assesses risk and formulates investment strategies to estimate financial outcomes.
Essential Job Functions
· Oversees and conducts routine risk analyses and assists in conducting moderately complex risk analyses using mathematical modeling techniques and statistical concepts; determines probability and assesses potential risk.
· Summarizes and prepares reports on routine risk analyses to advise management of implications of analyses with regard to potential risk issues; provides potential courses of action.
· Assists in advising management on the administration of insurance scenarios to reduce liabilities and ensure regulatory compliance.
· Meets with clients to gather information regarding circumstances and potential risks in order to ensure clients are properly informed about insurance risks.
· Works with information technology professionals to develop systems to ensure compliance with requirements of regulatory bodies.
· Ability to understand, interpret and communicate complex Life insurance regulations/Circulars/Guidelines.
· Ability to work with internal models and internal model application processes.
· Adept at using excels and analyzing product structures.
· Analyzing the effects of various parameters changes on the values of Life insurance policies.
· Analysis of Fund and cash value projections trends.
· Identification and correction of various bugs and discrepancies in life insurance policy portfolio’s software.
· Planning and implementation of the deliverables strategies in order to meet client requirements.
· Process documentation
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Basic Qualifications
· Bachelor's degree or equivalent combination of education and experience
· Bachelor's degree in actuarial sciences or related field preferred
· Three or more years of actuarial experience
· Experience working with actuarial statistical methods
· Experience working with insurance practices and regulatory policies
· Experience working with organizational insurance procedures and policies
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Other Qualifications
· Communication skills
· Good computer and statistical equipment skills
· Organization and planning skills
· Analytical and problem-solving skills
· Ability to work independently
· Ability to create and present actuarial science reports of findings
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Work Environment
· Office environment