Associate/Deputy Manager - Actuarial Valuation

HCLTech; Dadri; On-site; INR 800,000 - 1,200,000; Full time

Job summary

HCLTech is hiring an Associate/Deputy Manager - Actuarial Valuation for the Noida location. The ideal candidate will have 5 to 10 years of experience in actuarial valuation and financial reporting standards like SII and IFRS17.

The role involves quarterly reporting, production of SII Best Estimate Liability, and analysis of actuarial inputs among other responsibilities. Immediate joiners preferred.

Qualifications

• 5 to 10 years of experience in actuarial valuation or related field.
• Experience in financial reporting standards like SII and IFRS17.
• Proficient in data validation and reconciliation processes.

Responsibilities

• Quarterly reporting across key metrics SII and IFRS17.
• Production of SII Best Estimate Liability (BEL) and Technical Provisions.
• Analysis of surplus for SII and outputs for IFRS Analysis of Change.

Skills

Actuarial analysis

Financial reporting

Data analysis

Prophet (FIS) or GGY Moody AXIS

Team management

Job description

HCL Tech is hiring for Associate/Deputy Manager - Actuarial Valuation for Noida location. Please find the below details:

Experience: 5 to 10 years

Key tasks and responsibilities

• Quarterly reporting across all key metrics SII, IFRS17 and the Group’s measure of economic value
• Production of below using Prophet (FIS) or GGY Moody AXIS
• SII Best Estimate Liability (BEL) and Technical Provisions, including documentation of assumptions and methodology.
• model point data (MPF’s) and narrative reports on data validation, controls, key movements and reconciliations.
• Solvency Capital Requirement (SCR) for SII including stressing assets and liabilities in line with the Standard Formula; analyse and document drivers of change.
• IFRS 17 reserves data checks/validations and sign-off packs.
• analysis of surplus for SII and outputs for IFRS Analysis of Change (AOC),
• actuarial inputs to SII QRTs, SFCR, RSR and Report & Accounts notes/disclosures; ensure internal consistency and traceability to core results.
• Results for ORSA and business plan, including balance sheet projections for base scenario, range of stresses and scenarios.
• SII and IFRS sensitivities
• Perform experience investigations (persistency & mortality) & share findings, impacts, recommendations.
• Maintain complete audit trail of workpapers, controls, approvals and evidence; ensure compliance with governance, data security and record retention requirements.
• Plan and allocate work across the team; review outputs, provide coaching, and escalates risks/issues proactively.
• Identify and implement process improvements (templates, reconciliations, automation, data pipelines) with appropriate change control and documentation.
• Other tasks –
• Ensure that work is processed as per agreed quality standards for correctness and fairness.
• To ensure that all enquiries are recorded correctly on the Company Systems, for work to be scheduled to the individual and the team and to provide an audit trail.
• To ensure that you are aware of the company complaint and incident identification procedure and that these are acted upon immediately to minimise regulatory breaches, customer/client detriment and business image.
• To undertake any other duties as may be deemed appropriate by your manager.
• To adhere to all HCL policies and procedures

*Please note that immediate joiners will be preferred.