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Manager - Actuarial

5.00 to 10.00 Years   Gurugram   02 Dec, 2022
Job LocationGurugram
EducationNot Mentioned
SalaryNot Disclosed
IndustryIT - Software
Functional AreaGeneral / Other Software
EmploymentTypeFull-time

Job Description

    Responsibilities 1. Process Support: a. Perform independent model validations of actuarial models according to Model Validation Framework o Model design and build is consistent with its intended purpose o Ensure appropriateness of established model governance o Make validation efforts proportional to areas of materiality and complexity o Validate the model components (input, calculation, and output) o Address limitations of model validation o Document the model validation o Perform risk reviews of model changes in accordance with model governance requirements o Produce Model Risk metrics Model quality score, Model risk score b. Perform peer review activities as needed (e.g. for other testers on the team) c. Develop and maintain model benchmarking tools (e.g. spreadsheets with parallel calculations) d. Identify and focus on high model risk areas while ensuring compliance with all validation requirements e. Provide clear and proper validation documentations and maintain a repository of validation artifacts f. Work closely and foster constructive relationships with the modeling teams and other business partners (e.g. product areas). g. Create knowledge repository building through process documentation h. Execute project plans with efficiency and accuracy and contribute to model validation test plans, analysis support files, and reports i. Provide support to management, internal audit, SOX teams, and the Model Governance Committee as needed. j. Identify and timely escalation of issues requiring attention to leadership; support creating necessary action plans. k. Training and development of the junior staff in the team Required Qualifications BS/BA Degree in actuarial science, mathematics, statistics and/or related major; Partially Qualified Actuary (5+ Actuarial exams cleared) with 5+ years experience in P&C insurance o Working knowledge and background on actuarial tools and techniques, Excel, Word, PowerPoint Proven analytical and problem-solving skills Demonstrated ability to manage concurrent deadlines and multiple priorities Strong communication skills (verbal and written),

Keyskills :
strong communication skillsrisk metricsrisk reviewsmodel designtax reporting

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