Manager Retirement - Actuarial

Aon plc; Dadri; Hybrid; INR 3,000,000 - 6,000,000; Full time

Benefits offered by this job

Cab Facility

Job summary

Aon plc in India is seeking an IND Manager Retirement - Actuarial to lead end-to-end retirement project delivery, oversee valuations and GMP work, and mentor a team of actuaries. The role requires 6+ years in Employee Benefits/Retirement, actuarial credentials, and strong analytical ability.

It offers hybrid working across Gurugram, Noida and Bengaluru, with a cab facility provided for commutes. You will partner with UK colleagues, translate complex results into client-ready guidance, manage

Qualifications

• Graduation in Mathematics/Statistics/Actuarial Science with actuarial background.
• Member of IAI, IFOA or SOA, actively pursuing actuarial exams or a qualified actuary.
• Strong analytical and mathematical skills with attention to detail.

Responsibilities

• Manage end-to-end delivery of retirement/valuation projects.
• Act as scrutineer on valuation, GMP equalisation and related data work.
• Mentor junior actuaries and train delivery teams.
• Lead client communications and present results to UK colleagues.
• Ensure adherence to UK pensions legislation and QRC guidance.

Skills

Valuation

Accounting

GMP equalisation

Cash transfer value

Client engagement

Risk & modelling

UK pensions knowledge

Leadership

Education

Mathematics/Statistics/Actuarial Science degree

Actuarial society membership or exams pursuit

Job description

Job Title- IND Manager Retirement - Actuarial

ARL- 6.1

Position type- Full Time

Work Location- Gurugram, Noida, Bengaluru

Working style- Hybrid

Cab Facility- Yes

Shift Time - 12:00 pm - 9:00 pm / 12:30 to 9:30 pm (Bengaluru)

People Manager role: Yes

Required education and certifications critical for the role-

• Graduation in Mathematics/Statistics/Actuarial Science or any other with relevant actuarial background
• Member of any recognized Actuarial Society like - IAI, IFOA or SOA, actively pursuing actuarial exam or a qualified actuary

Required years of experience –

• Relevant industry knowledge and minimum work experience of 6 years (Employee Benefits, Retirement and Health Benefits preferably)

AON IS IN THE BUSINESS OF BETTER DECISIONS

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are committed as one firm to our purpose, united through trust as one inclusive, diverse team and we are passionate about helping our colleagues and clients succeed.

INFORMATION ABOUT THE BUSINESS

As a leader in pension and retirement strategies, we partner with clients to create solutions that aim to enhance financial security and deliver better outcomes. Aon's actuarial professionals deliver accurate and timely advise to trustee and company of define benefit pension plans. Our insights guide clients through strategic decisions about plan options, improvements, and possible outcomes.

GENERAL DESCRIPTION OF ROLE:

Manages end to end delivery of projects, makes sure all deliverables are completed timely as per scope of work and leverages junior colleagues to complete different projects. Operate as competent scrutineer and subject matter expert on - Valuation / Accounting / GMP equalisation / Data solution team. Support training leads on delivery of technical sessions and mentor competent doer to move to checker role.

JOB RESPONSIBILITIES:

• Readiness to the role as per the Retirement career path / skill blocks
• Spent at least 80% of target client hours in a 'scrutineer' role.
• Role model for junior colleagues in 'scrutineer' behaviours, following all required calculation processes and promoting full adherence to QRC guidance
• Build and develop relationships with key UK colleagues and seek out opportunities to present work to them.
• Lead project kick off effectively. Plan out the required work, setting appropriate review points and milestones to monitor progress.
• Full responsibilities to review big projects & manage delivery independently.
• Prepares original materials (letters, reports, discussion guides) for the lead actuary including first draft of commentary on results
• Fully understands UK pensions legislation, work as starter scrutineer on one of major work types - Actuarial Valuation / Accounting / Consulting support services / GMP equalisation
• Ability to stand back from detailed calculations, sense-check, draw conclusions and see the work in a broader context of the client's needs and the legislative framework.
• Answers client questions without reliance on the lead actuary and is a strong backup to lead actuary
• Ensures own work and work of junior colleagues is complete and thorough, requiring minimal review from lead actuary
• Identifies and implements improvements to the various processes
• Drive annual appraisals and proactively addresses performance issues for people manager roles
• Champions of new ideas and initiatives that deliver strategic results
• Plan and execute technical meetings and training as per the team's requirement for the Individual contributor roles
• Create an open, collaborative, and engaging team environment
• Has built and maintained a network of stakeholders, including appropriate decision-makers and represents the India team in various forums

SKILLS/COMPETENCIES REQUIRED

• Strong analytical and mathematical skills, with a keen eye for detail
• Ability to effectively communicate the team goals and drive business results
• Understands the professional requirements and quality standards for UK work
• Strong organizational skills to manage multiple projects and deadlines efficiently
• Ability to work in a team and collaborate effectively with colleagues from diverse backgrounds
• An expert in one or more of the specialist areas - valuation, accounting, client extension work, risk & modelling, GMP equalisation, cash equivalent transfer value - but will have a general understanding of all the work and the ability to adapt to new work.

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.

COMMITMENT TO SUSTAINABILITY

Aon is dedicated to integrating sustainability into our core business practices. We strive to minimize our environmental impact through innovative solutions and responsible stewardship, ensuring a sustainable future for our clients and communities.

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