Senior Actuarial Analyst

Gallagher; Chandigarh; On-site; USD 6,822 - 11,370; Full time

Job summary

Join a global leader in insurance and risk management, where your expertise in actuarial sciences will make a significant impact. In this dynamic role, you will engage with the US pension system, process and validate vital data, and prepare comprehensive actuarial reports. The company fosters a culture of excellence and teamwork, providing a supportive environment for your career growth. With a commitment to diversity and inclusion, this organization values the unique contributions of every individual. If you are passionate about actuarial work and ready to take on exciting challenges, this opportunity is perfect for you.

Qualifications

• Master’s degree in Actuarial Sciences required.
• Good knowledge of basic actuarial concepts and strong analytical skills.

Responsibilities

• Understand US pension systems and validate data in actuarial models.
• Prepare and analyze actuarial reports for US Pension clients.

Skills

Interpersonal Skills

Analytical Skills

Problem Solving

Communication Skills

Multitasking

Education

Master’s degree in Actuarial Sciences

Tools

Relius

ProVal

MS Office (Excel, Word)

Job description

Introduction

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply. We’d be thrilled to receive applications from exceptional individuals like yourself.

Gallagher, a global industry leader in insurance, risk management, and consulting services, boasts a team of over 50,000 professionals worldwide. Our culture, known as "The Gallagher Way," is driven by shared values and a passion for excellence. At the heart of our global operations, the Gallagher Center of Excellence (GCoE) in India, founded in 2006, upholds the values of quality, innovation, and teamwork. With 10,000+ professionals across five India locations, GCoE is where knowledge-driven individuals make a significant impact and build rewarding, long-term careers.

How you'll make an impact

• Understanding US pension system, IRS regulations and through knowledge on their segment of the pension operation.
• Process, validate and update data in the actuarial and financial models.
• Prepare and analyze actuarial and financial reports for US Pension clients.
• Prepare the reports and share observations with the checker.
• Liaison with onshore consultants for any data or project related queries resolution along with checker.
• Participate and contribute in any special project requirements.
• Carryout pension benefit calculations and valuations.

About you

• Master’s degree or equivalent qualification in Actuarial Sciences.
• Good knowledge of basic actuarial concepts.
• Excellent interpersonal skills, strong oral and written communication skills.
• Ability to prioritize and handle multiple tasks in a demanding work environment.
• Ability to multitask, self-starter.
• Actuarial Exam progress is required.
• Excellent analytical, problem solving and interpretational skills.
• Sound knowledge of mathematics, statistics and possess good modeling skills.
• Good command on MS office applications (MS-Excel, MS-Word).
• Working knowledge in retirement tools such as “Relius”, “ProVal” is an added advantage – for experienced candidates only.

• Preparation of AFTAP & Annual Valuation Report.
• Preparation of PBGC government filing.
• Preparation of Annual Funding Notice.
• Prepare signature-ready IRS Form 5500.
• Form 5500 Schedules.
• FASB / ASC 715 reporting.
• Preparing Disclosure on IAS 19R/US GAAP.
• Some knowledge of OPEB/PRM plans (added advantage).
• TV/Retirees Cash out Calculations.
• Age 70½ required minimum distribution requests.
• Process Special accounting calculations.

Additional Information

We value inclusion and diversity.

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.