WNS

Global BPM and analytics services provider

Group Manager - Actuarials, US Life Insurance

Actuarial & Risk ModellingPosted on Nov 10

Full-timeGurugram, Haryana, IndiaNo salary listedIn-person

At least 8 years of experience in the actuarial domain, including 2 or more years at Deputy Manager level.
At least 5 years of experience in direct client roles.
At least 4 years of extensive experience in actuarial reporting and Balance Sheet and New Business teams.
Strong experience in actuarial development across Solvency II and IFRS 17 implementation.
Strong experience with Power BI, Excel VBA, SQL, and R programming.
Strong experience with actuarial Solvency II and IFRS integrated toolkits using R or Python platforms.
Experience analyzing actuarial model results, including validation, analysis of change, economic and non-economic stresses, sensitivities, critical scenarios, and back-testing.
Proficiency in Microsoft Office Suite, VBA, and SQL coding.
Ability to work through stringent timelines.
Good project management skills.
Strong verbal and written communication skills.
Ability to communicate with client teams about the process, listen effectively, identify direct and indirect customer queries, understand customer needs, and distinguish between enquiries and complaints, including complaint level.
Ability to make decisions, pay attention to detail, manage contingencies, think creatively, and maintain composure while providing a high level of customer service.
Graduation or a Master's degree in Actuarial Science.

Manage and ensure team delivery within defined timelines.
Act as a key support member to the UK Life Transformation.
Lead a mid-size team to ensure team service-level agreements are met.
Train new hires on systems and processes.
Work with the manager to estimate work volume and support resource planning.
Guide and support team members in developing domain expertise.
Carry out periodic performance reviews and development discussions, and provide and record continuous feedback.
Lead transformation and development of data, basis, results, balance sheet, and New Business production for Solvency II and IFRS reporting.
Produce base and stressed balance sheets and profit-and-loss accounts to meet Solvency II requirements for both internal models and standard formula.
Calculate and validate Solvency Capital Requirement using the solvency model.
Produce and analyze New Business reporting, including Value of New Business, Annual Premium Equivalent, New Business Strain, and profit-driver analysis.
Produce asset model results and perform stress analysis, asset-liability management, and equity release valuation.
Lead complex projects and developments, including project planning, dashboarding, and communication.

Purpose

Work Experience

People Responsibilities

Lead a mid-size team to ensure team SLA’s are met
Carry out training for new hires on the systems and processes
Work with manager to estimate work volume and supports on resource planning
Guide and support team members for development of domain expertise
Carry our periodic performance review and development discussion, provide and record feedbacks on continuous basis

Process Responsibilities -

Working in direct client roles for 5+ years4+ years of extensive experience in actuarial reporting, BAN (Balance Sheet & New Business) Teams
Unify build & implentation and business readiness is key
Strong experience in Actuarial Development across SII & IFRS17 implementation
Strong experience in Power BI, Excel VBA, SQL & R Programming
Lead transformations and developments data, basis, results and balance sheet & New Business production for Solvency II and IFRS Reporting
Strong experience in Actuarial SII & IFRS Integrated toolkits using R/ Python platform.
Actuarial model result analysis including validation, analysis of change, economic and non- economic Stresses, Sensitivities, Critical Scenario, Back-testing etc.
Base and stressed balance sheet and P&L account production on solvency II requirement (both IM & SF)
SCR calculation and validation using solvency model
NB reporting and analysis such as VNB, APE, NBS, profit driver analysis etc.
Asset model results production, Stress analysis, ALM, Equity Release valuation
Lead complex projects and developments, do project planning, dashboard, communication etc.
Ability to think creatively to generate solutions to tough problems

Required skills:

Strong communication skills – Verbal & Written Ability to work through stringent timelines
Proficient in MS Office Suite and VBA and SQL coding
Should possess the ability to think out of the box – contingency management
Good decision-making skills
Good Project management skills

Behavioral Competencies:

Communication Skills:

Ability to have conversations with the client teams, related to the process is essential
Ability to have robust conversations while maintaining a high level of customer service and maintaining composure
Ability to utilize effective listening skills
Pick up on direct and indirect queries from customers and understand and comprehend the customer’s needs
Ability to distinguish between enquiries and complaints (including level of complaint)