Director Actuarial Services- India

Ascensus; Chennai District; On-site; INR 4,000,000 - 8,000,000; Full time

Job summary

Ascensus in Chennai is seeking a senior actuarial leader to guide clients and internal teams through plan-level issues. You will be the senior decision maker on escalated items and responsible for developing, maintaining and refining weekly and monthly production reports, SLA, and performance metrics.

Collaborate with Employer & Sponsor Services, Participant Services, Relationship Management and Sales to align priorities, execute the business plan, and maximize revenues and client retention.

Qualifications

• Bachelor's degree in business administration, Management, Finance or equivalent work experience
• At least 18 years' experience in the financial or retirement services industry or comparable experience
• 10+ years of previous Leadership experience
• Experienced in managing large actuarial teams (40-50 members), overseeing resource planning, talent development, and delivery excellence across multiple projects
• Expertise in pension valuation methodologies, assumption setting, experience studies, and actuarial gain/loss analysis. Strong leadership capabilities with a track record of coaching SMEs and strengthening quality processes, review standards, and technical proficiency
• Advanced actuarial knowledge with significant progress toward professional actuarial qualifications and deep expertise in U.S. Pension actuarial services
• Strong knowledge of ERISA, IRS funding regulations, PBGC requirements, ASC 715, and GASB accounting standards
• Proficient in actuarial tools and technologies, including ProVal, ASC, DATAIR, Excel/VBA, SQL, Power BI, and pension administration platforms
• Ability to work overtime as necessary

Responsibilities

• Act as senior leader for clients and advisors looking for executive presence in plan level issue situations
• Serve as senior decision maker on escalated items
• Develop, Maintain and Revise daily production reports, SLA and Metrics
• Plan and organize workflows in order to meet operational service commitments
• Develop professional relationships with internal teams to help support our teams and our clients
• Collaborate with internal clients Employer & Sponsor Services, Participant Services, Relationship Management and Sales to building services and support processes
• Align department priorities to execute on business plan objectives to maximize revenues, client retention and organic sales
• Develop project plans and teams to achieve strategy and vision
• Produce weekly/monthly production reports, metric reporting and capacity analysis
• Develop staffing strategies for appropriate allocation of resources to meet business needs and operational service commitments/objectives
• Document, Maintain and Revise operational workflows and Service Standards
• Oversight of the day-to-day progression of daily processing responsibilities
• Maximize staffing allocations in support of the budget plan
• Monitor and actively manages department expenses and revenue generating activities to meet budget
• Identify areas of improvement within FuturePlan platform including workflows, policies, technology, products etc. Develop improvement plans, gain support and execute
• Work with peers in the senior management team to identify global issues and opportunities for improvement, make recommendations for changes and help implement
• Performs other duties and special projects as assigned across FuturePlan
• Responsible for protecting and securing all client data held by FuturePlan to ensure against unauthorized access to and/or improper transmission of information that could result in harm to a client
• Motivate, lead, and support leadership team and associates to provide excellent associate direction
• Ensure that staff is properly trained to respond to clients in a professional and consultative manner
• Establish and manage team deliverables, ensuring that quality and production service level objectives are consistently met or exceeded. Responsible for providing leadership and staff with constant feedback on performance and areas of improvement; this includes conducting annual performance reviews
• Conduct regular staff meeting with leadership and teams providing updates and receiving feedback
• Provide guidance to staff on daily basis for escalated issues
• Develop leadership and staff expertise, ability, and experience for career pathing within FuturePlan
• Escalate awareness broad across appropriate team's issues requiring resolution; partner with internal departments to deliver timely resolution
• Actively seek out ways to improve associate satisfaction and deliver results

Skills

Leadership experience

Strategic planning

Project management

Client relations

Data analysis

Mentoring / coaching

Budget oversight

Education

Bachelor's degree in Business Administration, Management, Finance or equivalent

Tools

ProVal

ASC 715

DATAIR

Excel/VBA

SQL

Power BI

Pension administration platforms

Job description

Job Description:

Responsibilities:

Serving Clients:

• Act as senior leader for clients and advisors looking for executive presence in plan level issue situations.
• Serve as senior decision maker on escalated items.
• Develop, Maintain and Revise daily production reports, SLA and Metrics.
• Plan and organize workflows in order to meet operational service commitments.
• Develop professional relationships with internal teams to help support our teams and our clients.

Strategic Activities:

• Collaborate with internal clients Employer & Sponsor Services, Participant Services, Relationship Management and Sales to building services and support processes.
• Align department priorities to execute on business plan objectives to maximize revenues, client retention and organic sales.
• Develop project plans and teams to achieve strategy and vision.

Process and Business Management:

• Produce weekly/monthly production reports, metric reporting and capacity analysis.
• Develop staffing strategies for appropriate allocation of resources to meet business needs and operational service commitments/objectives.
• Document, Maintain and Revise operational workflows and Service Standards
• Oversight of the day-to-day progression of daily processing responsibilities.
• Maximize staffing allocations in support of the budget plan.
• Monitor and actively manages department expenses and revenue generating activities to meet budget.
• Identify areas of improvement within FuturePlan platform including workflows, policies, technology, products etc. Develop improvement plans, gain support and execute.
• Work with peers in the senior management team to identify global issues and opportunities for improvement, make recommendations for changes and help implement.
• Performs other duties and special projects as assigned across FuturePlan.
• Responsible for protecting and securing all client data held by FuturePlan to ensure against unauthorized access to and/or improper transmission of information that could result in harm to a client.

Supervision:

• Motivate, lead, and support leadership team and associates to provide excellent associate direction.
• Ensure that staff is properly trained to respond to clients in a professional and consultative manner.
• Establish and manage team deliverables, ensuring that quality and production service level objectives are consistently met or exceeded. Responsible for providing leadership and staff with constant feedback on performance and areas of improvement; this includes conducting annual performance reviews.
• Conduct regular staff meeting with leadership and teams providing updates and receiving feedback.
• Provide guidance to staff on daily basis for escalated issues.
• Develop leadership and staff expertise, ability, and experience for career pathing within FuturePlan
• Escalate awareness broad across appropriate team's issues requiring resolution; partner with internal departments to deliver timely resolution.
• Actively seek out ways to improve associate satisfaction and deliver results.

Requirements:

• Bachelor's degree in business administration, Management, Finance or equivalent work experience
• At least 18 years' experience in the financial or retirement services industry or comparable experience
• 10+ years of previous Leadership experience
• Experienced in managing large actuarial teams (40-50 members), overseeing resource planning, talent development, and delivery excellence across multiple projects.
• Expertise in pension valuation methodologies, assumption setting, experience studies, and actuarial gain/loss analysis. Strong leadership capabilities with a track record of coaching SMEs and strengthening quality processes, review standards, and technical proficiency.
• Advanced actuarial knowledge with significant progress toward professional actuarial qualifications and deep expertise in U.S. Pension actuarial services.
• Strong knowledge of ERISA, IRS funding regulations, PBGC requirements, ASC 715, and GASB accounting standards.
• Proficient in actuarial tools and technologies, including ProVal, ASC, DATAIR, Excel/VBA, SQL, Power BI, and pension administration platforms
• Ability to work overtime as necessary