Actuarial Intern

Agam Capital India; Gurugram District; In loco; INR 112.000 - 223.000; Part-time

Descrizione del lavoro

Agam Capital India is seeking an Actuarial Intern to gain hands-on experience in life insurance modelling, valuation, risk management, and financial analysis. The role requires pursuing actuarial qualification with at least one paper cleared and a strong interest in Life Insurance products, including US Life/Annuity.

Candidates should have a solid foundation in actuarial concepts, Excel, and programming languages like Python, R, SQL, or VBA.

Competenze

• Actively pursuing actuarial qualification with at least one paper cleared.
• Interest in Life Insurance products, US Life/Annuity preferred.
• Understanding pricing, valuation, reserves, risk management, cashflows, ALM.
• Strong analytical and problem-solving skills.
• Proficient in Excel; exposure to Python, R, SQL, or VBA helpful.
• AXIS or similar actuarial modelling software exposure is a plus.
• Able to learn new concepts, tools, and processes quickly.
• Good oral and written communication and ability to meet deadlines.

Mansioni

• Assist actuarial team with conversion, valuation, and analysis of life insurance blocks.
• Support model testing and validation after development or conversion.
• Develop and maintain cashflow models for liabilities, investments, and derivatives.
• Support experience analysis and movements in insurance portfolios.
• Prepare income statements and balance sheets from financial models.
• Support movement analysis to explain changes in financial positions.
• Help develop actuarial models and processes to improve efficiency and accuracy.
• Assist with analysis of new business, acquisitions, reinsurance, and capital requirements.
• Support financial projections, capital analysis, and ad hoc actuarial work.
• Work with experienced actuaries to gain practical knowledge of US Life Insurance and ALM.

Conoscenze

Analytical thinking

Problem solving

Communication skills

Attention to detail

Team collaboration

Formazione

Actuarial studies background

Mathematics/Statistics background

Strumenti

Excel

Python

R

SQL

VBA

AXIS

Descrizione del lavoro

Any Graduate with at least 2 actuarial papers cleared.

Actuarial Intern

We are looking for an Actuarial Intern to join our team and gain hands-on experience in life insurance modelling, valuation, risk management, and financial analysis. The ideal candidate will have a strong academic foundation in actuarial science, mathematics, statistics, or a related field and a keen interest in the life insurance industry.

Requirements:

• Actively pursuing an actuarial qualification and having cleared 1 or more actuarial papers would be preferred.
• Strong interest in Life Insurance products, particularly US Life Insurance and/or Annuity products.
• Basic understanding of actuarial concepts such as pricing, valuation, reserves, risk management, cashflows, and ALM.
• Strong analytical and problem-solving skills with a logical and structured approach.
• Good knowledge of Excel; exposure to programming languages such as Python, R, SQL, or VBA would be an advantage.
• Exposure to AXIS or other actuarial modelling/projection software would be an advantage but is not mandatory.
• Ability to learn new concepts, tools, and processes quickly.
• Good oral and written communication skills.
• Ability to manage multiple assignments and meet deadlines.

Responsibilities:

• Assist the actuarial team in the conversion, valuation, and analysis of life insurance blocks of business.
• Support model testing and validation activities following model development or conversion.
• Assist in developing and maintaining cashflow models for insurance liabilities, investments, and derivatives.
• Support experience analysis and investigation of movements in insurance portfolios.
• Assist in preparing income statement and balance sheet projections from financial models.
• Support movement analysis to understand and explain changes in financial and capital positions.
• Assist with developing and enhancing actuarial models and processes to improve efficiency and accuracy.
• Support analysis related to new business, acquisitions, reinsurance transactions, and capital requirements.
• Assist with financial projections, capital analysis, and ad hoc actuarial analysis for business initiatives.
• Work closely with experienced actuaries and analysts to develop practical knowledge of US Life Insurance, actuarial modelling, valuation, and ALM.