IND Consulting I - Life Actuarial (3 to 5 years)

Aon Hewitt; Bengaluru; Hybrid; INR 6,00,000 - 12,00,000; Full time

Job summary

An established industry player is seeking a Consultant for their Life Actuarial team, focusing on financial reporting and capital modeling. This role offers a unique opportunity to engage with sophisticated models and collaborate with a diverse team. You'll be responsible for delivering client-specific solutions while ensuring compliance with regulatory standards. The position promotes a culture of continuous learning and well-being, allowing you to thrive in a flexible, inclusive environment. If you're passionate about actuarial science and eager to make a significant impact, this is the perfect opportunity for you.

Benefits

Global Wellbeing Days

Comprehensive benefits package

Flexible workstyle options

Continuous learning culture

Qualifications

• 2-4 years of experience in Financial Reporting and Capital Modelling.
• Cleared at least 3 actuarial exams as of 13th Dec 2024.

Responsibilities

• Deliver client-specific knowledge for Financial Reporting and consulting services.
• Ensure compliance with processes, templates, and models.
• Develop understanding of technical calculations and regulatory environment.

Skills

Logical and problem-solving skills

Analytical abilities

Technical understanding of Life insurance products

Understanding of insurance & reinsurance contracts

Collaboration and communication skills

Education

Graduate, numerate degree (Mathematics / Statistics / Economics)

Cleared at least two core actuarial exams

Tools

Modeling tools (Tyche, Remetrica & Pathwise)

Job description

Job Title: Consultant – Life Actuarial

ARL: 7.1

Solution Line: Commercial Risk Solutions

Position type: Full Time

Work Location: Gurgaon

Working style: Hybrid

Cab Facility: Yes

Shift Time: 12:00 pm – 9:00 pm

People Manager role: No

Required education and certifications critical for the role:

• Graduate, numerate degree preferred such as Mathematics / Statistics / Economics and have cleared at least two core actuarial exams.

Required years of experience:

• Relevant industry knowledge and minimum work experience of 2-4 years (Financial Reporting (IFRS, Solvency II), Capital Modelling on Global Regulations Solvency II, NAIC & Bermuda Solvency Capital Reporting)

INFORMATION ABOUT THE BUSINESS:

AON’s Life Actuarial team works as consultants to quantify the economic costs and benefits of any risk transfer solutions. The team’s work combines state of the art experience and exposure rating techniques, with informed, relevant line of business expertise and sophisticated models (Tyche, Remetrica & Pathwise). In addition, the team also engages in numerous custom client engagements each year on topics ranging from reserving, enterprise risk management and capital modeling / reporting.

GENERAL DESCRIPTION OF ROLE:

Work revolves around the following actuarial fields:

• Capital reporting
• Reserving
• Model calculations
• Reinsurance claims support

JOB RESPONSIBILITIES:

• Develop client-specific knowledge to deliver on the Financial Reporting and other consulting support services
• Compliance and drive usage of various processes, templates, precedents, and models compliance guidelines as a competent contributor
• Develop understanding of the wider context big picture view of the technical calculations and key primary drivers of the results
• Demonstrate good understanding on regulatory environment and actuarial professional requirements
• Maintaining and building learning resources for the team, such as best practices sharing or training materials for types of work
• Develop knowledge of modelling tools to support the clients in actuarial calculations

SKILLS/COMPETENCIES REQUIRED:

• Invests time at the beginning of the process to minimize role in day-to-day aspects.
• Logical and problem-solving skills.
• Analytical abilities.
• Technical understanding of Life insurance products (Knowledge of non-life products will be added advantage)
• Understanding of insurance & reinsurance contracts
• Ability to work well in a collaborative team environment by being respectful and supportive of others, communicating openly and constructively and being an active listener.

1. Exam progress: Cleared at least 3 actuarial exams as of 13^thDec 2024

HOW WE SUPPORT OUR COLLEAGUES:

In addition to our comprehensive benefits package, we are proud to be an equal opportunity workforce. At Aon, we believe a diverse workforce is an innovative workforce. Our agile, inclusive environment allows colleagues to manage their wellbeing and work/life balance while empowering you to be your authentic self.

Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging them to take time to focus on themselves. We offer a variety of workstyle options through our Smart Working model, but we also recognize that flexibility goes beyond just the place of work... and we are all for it!

Our continuous learning culture inspires and equips colleagues to learn, share and grow, helping them achieve their fullest potential. As a result, Aon colleagues are more connected, more relevant and more valued.

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