Actuarial Intern

Actuarial Intern

We are looking for an Actuarial Intern.

Mandatory: Any Graduation with 2 papers cleared including CM1

Job Location: Gurgaon

Requirements:

Understanding of US Life Products exposure. Traditional and/or Annuity products.

On track to becoming an Associate or Fellow, with minimum 2-5 papers cleared.

Life insurance understanding related to pricing, valuation, risk management, model development, model validation, cashflow testing, ALM.

Experience with AXIS or similar actuarial projection or valuation software

Strong analytical skills and ability to adopt a creative approach to solving complex process problems

Ability to manage multiple work assignments and meet time commitments

Strong oral and written communication skills

Responsibilities:

Assist in conversion and valuation of various blocks of business

Assist in model testing and validation exercise post model conversion

Develop cashflow models for insurance liabilities, investments and derivatives

Perform experience analysis on insurance blocks

Prepare income statement and balance sheet for financial model

Perform movement analysis to monitor and explain the changes in the company's capital position

Develop new functionalities and enhancements to the model as necessary, including improved efficiencies

Support new business activities by evaluating capital requirements for potential acquisitions and reinsurance blocks

Provide ad hoc capital analysis and financial projections to support strategic initiatives as necessary