Actuarial Specialist - DB Pensions Valuation, ProVal ProAdmin #USInsurance

Job Description – DB Pensions Actuarial Valuation, ProVal ProAdmin

Exp Required - 2-5yrs

Notice - Early Joiner

Location - Gurgaon, Hybrid 2 days

Work Timings - 12-9PM IST

EXL's 15+ years old ACTUARIAL practice is a multi-disciplinary group with an industry focus on the insurance sector (like Property & Casualty, Life Insurance, Health care, Retirement Benefits, Reinsurance). Our actuarial practice has a reputation for strong quantitative expertise and thought leadership in the industry. Through these years, our experienced practitioners have helped clients turn risk into opportunity by pairing science and art to develop solutions to their most pressing challenges around risk and insurance. We allow organizations to optimally balance their key business objectives in the context of their long-term business outlook.

Job Description

The candidate will be responsible for executing projects in the Pensions Actuarial Space, provide clear and helpful actuarial advice and support to the clients on various engagements.

Typical responsibilities of the candidate will include playing a proactive role within a multi-disciplinary team in supporting the various client engagements which may span across pension's team and actuarial liability calculation for US pension plans. Candidate is required to have extensive hands-on experience either on Proval or ProAdmin

ProVal (DB Pension Valuation Tool)

· Should have strong data-handling skills in Excel and Word.

· Hands-on experience on ProVal.

· Ability to code expressions in ProVal to modify and transform valuation data.

· Perform valuation of U.S. Defined Benefit (DB) pension plans.

· Set asset–funding policies and reconcile income and disbursements (Benefit payment) for DB plans.

· Convert pension plans into ProVal based on plan documents or plan scoping guide (Must).

· Code system logic as per scheme rules/benefit formulas for valuation runs and validate results through manual liability checks.

· Prepare funding updates (Asset–Liability Modeling), including roll‑forwards and change‑of‑basis calculations to assess surplus/deficit positions.

· Perform variance analysis to explain actuarial gains/losses due to plan changes and assumption updates.

· Strong knowledge of pension accounting and disclosure requirements for valuation reports.

· Experience preparing or supporting government filings (Form 5500) for clients.

ProAdmin (Pension Benefit Administration Tool)

· Should have strong data-handling skills in Excel and SQL

· Hands-on experience on ProAdmin.

· Ability to code expressions in ProAdmin to update and transform member benefits as per latest amendments.

· Convert benefit calculations into ProAdmin based on benefit document/Plan Document (Must).

· Code administration rules in the system as per scheme provisions and validate calculated results through manual benefit calculations.

· Perform variance and reasonability checks on system‑generated results to ensure alignment with plan rules.

· Good understanding of DB plan operations, benefit formulas, and data requirements for accurate administration processing.

What we offer:

· EXL Analytics offers an exciting, fast paced and innovative environment, which brings together a group of sharp and entrepreneurial professionals who are eager to influence business decisions. From your very first day, you get an opportunity to work closely with highly experienced, world class analytics consultants.

· You can expect to learn many aspects of businesses that our clients engage in. You will also learn effective teamwork and time-management skills - key aspects for personal and professional growth

· Analytics requires different skill sets at different levels within the organization. At EXL Analytics, we invest heavily in training you in all aspects of analytics as well as in leading analytical tools and techniques.

· We provide guidance/ coaching to every employee through our mentoring program wherein every junior level employee is assigned a senior level professional as advisors.

· Sky is the limit for our team members. The unique experiences gathered at EXL Analytics sets the stage for further growth and development in our company and beyond.

About EXL At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We are extremely proud of our differentiated workforce that totals more than 37,000+ professionals, spread across 54 global delivery centers and supports 25+ languages. Please visit www.exlservice.com for more information about EXL Analytics. EXL's 15+ years old ACTUARIAL practice is a multi-disciplinary group with an industry focus on the insurance sector (like Property & Casualty, Life Insurance, Health care, Retirement Benefits, Reinsurance). Our actuarial practice has a reputation for strong quantitative expertise and thought leadership in the industry. Through these years, our experienced practitioners have helped clients turn risk into opportunity by pairing science and art to develop solutions to their most pressing challenges around risk and insurance. We allow organizations to optimally balance their key business objectives in the context of their long term business outlook.