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To modify models, oversee calculations and generation of results for Valuation and Reporting activities in order to produce reports for the Management to analyse. Managing junior team members on a task by task basis.
Job Context: To modify models, oversee calculations and generation of results for Valuation and Reporting activities in order to produce reports for the Management to analyse. Managing junior team members on a task by task basis.
Job Challenges: • Managing a quick turn around on the task
• Anticipating and managing problems and the time taken for the task
• Balancing work and studies and passing actuarial exams
• Digesting large amounts of information and being able to recognise key items quickly
• Developing and implementing new ideas to improve individual work methods
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | Oversee and Perform calculations in Periodic Valuation/new projects | 1. Ensure that the required data is available for monthly valuation in time in required format. 2. Processing of information using reasonable knowledge of actuarial principles and methods. 3. Plan, direct and perform various computations using models 4. Modifying models as required with appropriate documentation 5. Run complex models independently |
| KRA2 | Compile and analyse results for Periodic Valuation/new projects | 1. Analysing results 2. Ensuring appropriate checking of results 3. Recommending changes required based on checks 4. Performing cause-effect analysis to check reasonability |
| KRA3 | Responses to queries | 1. Resolving simple queries 2. Effectively helping other teams understand the results 3. Understand, explain / overcome implication of results and limitations of models 4. Identify relationships and interactions among data to create information 5. Participating effectively in the discussions and discussing moderately complex technical information in lay or business terms as per requirement |
| KRA4 | Compile and analyse results for Experience Analysis | 1. Compile Results of various experience analysis 2. Analyse the trends and steps to be taken to control deterioration of some of the rates. |
| KRA5 | Reporting | 1. Drafting sections allocated of yearly reporting to IRDA, 2. Drafting sections allocated of quarterly reports to Board such as Solvency Report, FCR etc 3. Assisting other teams with drafting their sections of reporting (if required). Ensure correctness of various D returns prepared by Juniors |
| KRA6 | Managing the team on a task by task basis | 1. Plan and direct execution of a project with guidance 2. Guide junior members on running simpler models 3. Clarify work objectives and deliverables to ensure a clear understanding of business requirements 4. Set priorities for tasks in order of importance 5. Ensure objectives are set and agreed on and projects are delivered within negotiated tolerances 6. Make sound decisions about how best to do work so that it has the greatest business benefit with some supervision 7. Set personal and team goals and monitor their attainment 8. Provide inputs to performance review of junior staff |
| KRA7 | Data correctness | 1. Recommending the fields required for raising requirements for data for new products, and then testing the data for accuracy, OR 2. Performing data validations for existing business, including recommending new fields to be tested, and modifying the queries for existing fields / products and for new products. |
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 2-3 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Senior Manager at Aditya Birla Group.
This role requires around 2-3 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.