Lead - Actuarial

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Role Description

Designation

Across Levels

Band

Across bands

Team Name

Actuarial Team

Type

New

Employment Type

Permanent

About SLGS

• Our Purpose
  • To create economies of scale for common functions, improve productivity, reduce unit costs, and enable Sun Life to make more effective investments in technology.
  • By working in a collaborative mode with the Sun Life business partners, India Service Centre seeks to extend the Clock, the Dollar and provide Scalability.
• Our Strategic Objectives (what is to be achieved)
  • Contribute to growth
  • Customer focused execution
  • Increase efficiency and effectiveness
  • Ensure effective governance
  • Innovate for business value
  • Maximize our people capabilities 
• Our Culture
  • At Sun Life India , we are committed to Sun Life Financial value system.
  • We value our employee relationships. We offer long term associations and invest resources to provide opportunities to develop professional, technical and management skills. 
  • We view our employees as catalysts in building success. We invite our employees to play a part in delivering better business processes and solutions to help Sun Life business partners become high-performance businesses.
  • At Sun Life India, we provide safe, stable working conditions and a supportive working environment.
  • We respect diversity of individuals and recognize that diverse cultures and backgrounds make Sun Life a great place to work.
  • Sun Life India builds relationships of mutual trust, in accordance with our global practices and strives to be an organization in which individuals can demonstrate their abilities fully, grow professionally and have pride.

Role Summary

• Actuarial talent with 5 - 8 years total experience to perform the following:

• Model development & testing using Moody’s Axis and Risk Integrity across geographies including Canada, US, and Asia
• Develop, test and maintain models and utilities for implementations such as IFRS17, LICAT etc.
• Develop, test and maintain tools and utilities used for model inputs and extraction of model output
• Review and test IFRS 17 models which includes reserve movement checks/reconciliations, cashflow checks at both aggregate and policy level etc.
• Validate IFRS4 models and provide detailed summary report to stakeholders.
• Analyze, present results and effectively communicate with the stakeholders.
• Lead projects and execute tasks independently.

Eligibility

Must have:

• Graduate / Postgraduate
• Atleast 2 actuarial exams per new curriculum with steady progress corresponding to work experience (CM1 is preferred)
• Proficient in MS-Excel
• Team player
• Good and effective communication and writing skills

Good to have:

• Experience in life insurance domain (including knowledge of various life insurance products)
• Hands on experience on actuarial softwares like Moody’s Axis, Risk Integrity, Prophet
• Working knowledge of IFRS 17, LICAT, Solvency II
• Logical thinking and programming mindset with knowledge of Python, R, SQL, VBA etc.
• Understanding of modelling framework and validation techniques
• Appreciation of end-to-end actuarial system architecture, products, and methodologies

Behavioral skills

Mandate Skills

• Collaborates effectively
  • Drives collaboration among team members in his/ her function
  • Presenting a supportive, united front when appropriate.
• Communicates Confidently
  • Communicates crisply and candidly
  • Communicates effectively across audiences (reporting managers, peers, business partners)
  • Balances talking and listening to foster candid dialogue
• Focuses on the Customer
  • Raises concerns and recommends potential solutions for those processes that negatively impact the customer service experience or the fair treatment of customers
  • Helps employees understand the impact of their work on the customer/ client
  • Organizes own work to meet agreed upon deadlines
  • Focuses on surfacing underlying customer issues / concerns and identifying root causes
• Takes Accountability
  • Takes steps to understand decision making processes and procedures – uses this understanding in developing work plans
  • Escalating issues or redirecting enquiries in a timely and efficient fashion.
  • Following up with customers when we say we will and delivering on our commitments
  • Works under general supervision on day to day matters.
• Understands our Business
  • Enhances understanding about the business of SLF (e.g. products and services, org structure, key competitors)
  • Understands how his/her role relates to the Business Unit/ Function's objectives

Job Category:

Actuarial

Posting End Date:

27/10/2024