Actuarial – Manager - Mumbai (Intellion Square)

<p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;"><b><span lang="en-in" style="font-size:20pt;line-height:115%;font-family:Cambria, serif;color:#C00000;" xml:lang="en-in">JOB DESCRIPTION</span></b></p><p><b></b></p><b></b><p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;"><span lang="en-in" xml:lang="en-in"> </span></p><table class="MsoTableLightGridAccent2" border="1" cellspacing="0" cellpadding="0" style="border-width:medium;border-style:none;"> <tbody><tr> <td width="253" valign="top" style="width:189.7pt;border:solid #C0504D 1pt;background:#EFD3D2;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:12pt;line-height:115%;color:#000000;" xml:lang="en-in">POSITION</span></b></p><p></p> </td> <td width="454" valign="top" style="width:340.2pt;border:solid #C0504D 1pt;border-left:none;background:#EFD3D2;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><span lang="en-in" style="font-size:12pt;line-height:115%;color:#000000;" xml:lang="en-in"> AM/SM</span></p><p></p> </td> </tr> <tr> <td width="253" valign="top" style="width:189.7pt;border:solid #C0504D 1pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in">DESIGNATION</span></b></p><p><b></b></p><b></b> </td> <td width="454" valign="top" style="width:340.2pt;border-top:none;border-left:none;border-bottom:solid #C0504D 1pt;border-right:solid #C0504D 1pt;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in"> </span></p> </td> </tr> <tr> <td width="253" valign="top" style="width:189.7pt;border:solid #C0504D 1pt;border-top:none;background:#EFD3D2;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:12pt;line-height:115%;color:#000000;" xml:lang="en-in">POSITION GRADE</span></b></p><p></p> </td> <td width="454" valign="top" style="width:340.2pt;border-top:none;border-left:none;border-bottom:solid #C0504D 1pt;border-right:solid #C0504D 1pt;background:#EFD3D2;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><span lang="en-in" style="font-size:12pt;line-height:115%;color:#000000;" xml:lang="en-in"> L3 / L4</span></p><p></p> </td> </tr> <tr> <td width="253" valign="top" style="width:189.7pt;border:solid #C0504D 1pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:normal;"><b><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">JC CODE</span></b></p><p><b></b></p><b></b> </td> <td width="454" valign="top" style="width:340.2pt;border-top:none;border-left:none;border-bottom:solid #C0504D 1pt;border-right:solid #C0504D 1pt;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:normal;"><span lang="en-in" style="font-size:12pt;" xml:lang="en-in"> </span></p> </td> </tr> </tbody></table><p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;"><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in"> </span></p><table class="MsoTableLightGrid" border="1" cellspacing="0" cellpadding="0" style="border-width:medium;border-style:none;"> <tbody><tr> <td width="251" valign="top" style="width:187.9pt;border:solid #000000 1pt;background:#C0C0C0;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:12pt;line-height:115%;color:#000000;" xml:lang="en-in">DEPARTMENT</span></b></p><p></p> </td> <td width="446" valign="top" style="width:334.4pt;border:solid #000000 1pt;border-left:none;background:#C0C0C0;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><span lang="en-in" style="font-size:12pt;line-height:115%;color:#000000;" xml:lang="en-in">Actuarial Prophet Modelling</span></p><p></p> </td> </tr> <tr style="border-left:1px solid #000000;height:20.8pt;"> <td width="251" valign="top" style="width:187.9pt;border:solid #000000 1pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:20.8pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in">REPORTING</span></b><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in"> <b>POSITION</b></span></p><p></p> </td> <td width="446" valign="top" style="width:334.4pt;border-top:none;border-left:none;border-bottom:solid #000000 1pt;border-right:solid #000000 1pt;padding:0in 5.4pt 0in 5.4pt;height:20.8pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in"> </span></p> </td> </tr> <tr> <td width="251" valign="top" style="width:187.9pt;border:solid #000000 1pt;border-top:none;background:#C0C0C0;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:normal;"><b><span lang="en-in" style="font-size:12pt;color:#000000;" xml:lang="en-in">WORK LOCATION</span></b><b></b></p><p><b></b></p><b></b> </td> <td width="446" valign="top" style="width:334.4pt;border-top:none;border-left:none;border-bottom:solid #000000 1pt;border-right:solid #000000 1pt;background:#C0C0C0;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:normal;"><span lang="en-in" style="font-size:12pt;color:#000000;" xml:lang="en-in">Goregaon (East), Mumbai. Corporate office</span></p><p></p> </td> </tr> </tbody></table><p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;"><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in"> </span></p><table class="MsoTableLightGridAccent2" border="1" cellspacing="0" cellpadding="0" style="border-width:medium;border-style:none;"> <tbody><tr style="border-left:1px solid #000000;height:23.1pt;"> <td width="572" valign="top" style="width:428.7pt;border:solid #C0504D 1pt;background:#A6A6A6;padding:0in 5.4pt 0in 5.4pt;height:23.1pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:14pt;line-height:115%;color:#FFFFFF;" xml:lang="en-in">KEY RESPONSIBILITIES</span></b></p><p><b></b></p><b></b> </td> <td width="124" valign="top" style="width:92.8pt;border:solid #C0504D 1pt;border-left:none;background:#A6A6A6;padding:0in 5.4pt 0in 5.4pt;height:23.1pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:14pt;line-height:115%;color:#FFFFFF;" xml:lang="en-in">Weightage</span></b></p><p><b></b></p><b></b> </td> </tr> <tr style="border-left:1px solid #000000;height:254.6pt;"> <td width="572" valign="top" style="width:428.7pt;border:solid #C0504D 1pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:254.6pt;"> <ul style="margin-top:0in;" type="disc"> <li class="MsoNormal" style="margin-bottom:0in;line-height:normal;"><span lang="en-in" xml:lang="en-in">Prophet Modelling:</span><p></p></li> </ul> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1in;text-indent:-0.25in;line-height:normal;"><span lang="en-in" style="font-size:10pt;font-family:Wingdings;" xml:lang="en-in">v<span style="font-style:normal;font-variant:normal;font-size:7pt;line-height:normal;font-family:'Times New Roman';"> </span></span><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">Development of prophet model for new products, refinement in existing methodologies/practices.</span></p><p></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1in;text-indent:-0.25in;line-height:normal;"><span lang="en-in" style="font-size:10pt;font-family:Wingdings;" xml:lang="en-in">v<span style="font-style:normal;font-variant:normal;font-size:7pt;line-height:normal;font-family:'Times New Roman';"> </span></span><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">Independently put checks, ensure the accuracy of coding done in model for statutory reporting, business planning, economic capital, EV and VNB</span></p><p></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1in;text-indent:-0.25in;line-height:normal;"><span lang="en-in" style="font-size:10pt;font-family:Wingdings;" xml:lang="en-in">v<span style="font-style:normal;font-variant:normal;font-size:7pt;line-height:normal;font-family:'Times New Roman';"> </span></span><span lang="en-in" style="font-size:12pt;" xml:lang="en-in"> Delivery of prophet model to internal team on timely manner.</span></p><p></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1in;text-indent:-0.25in;line-height:normal;"><span lang="en-in" style="font-size:10pt;font-family:Wingdings;" xml:lang="en-in">v<span style="font-style:normal;font-variant:normal;font-size:7pt;line-height:normal;font-family:'Times New Roman';"> </span></span><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">Strong documentation of the model functionality and changes/development carried out in the model and maintain the model governance policy.</span></p><p></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1in;text-indent:-0.25in;line-height:normal;"><span lang="en-in" style="font-size:10pt;font-family:Wingdings;" xml:lang="en-in">v<span style="font-style:normal;font-variant:normal;font-size:7pt;line-height:normal;font-family:'Times New Roman';"> </span></span><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">Coordinate with IT team for smooth functioning of servers, prophet. </span></p><p></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1in;line-height:normal;"><span lang="en-in" style="font-size:12pt;" xml:lang="en-in"> </span></p> </td> <td width="124" valign="top" style="width:92.8pt;border-top:none;border-left:none;border-bottom:solid #C0504D 1pt;border-right:solid #C0504D 1pt;padding:0in 5.4pt 0in 5.4pt;height:254.6pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><span lang="en-in" xml:lang="en-in"> </span></p> </td> </tr> <tr style="border-left:1px solid #000000;height:2.1pt;"> <td width="572" valign="top" style="width:428.7pt;border:solid #C0504D 1pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:2.1pt;"> <p class="MsoListParagraph" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0.5in;line-height:normal;"><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">TOTAL</span></p><p></p> </td> <td width="124" valign="top" style="width:92.8pt;border-top:none;border-left:none;border-bottom:solid #C0504D 1pt;border-right:solid #C0504D 1pt;padding:0in 5.4pt 0in 5.4pt;height:2.1pt;"> <p class="MsoNormal" style="margin-bottom:0in;line-height:normal;"><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">100%</span></p><p></p> </td> </tr> </tbody></table><p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;"><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in"> </span></p><table class="MsoTableLightGridAccent2" border="1" cellspacing="0" cellpadding="0" style="border-width:medium;border-style:none;"> <tbody><tr> <td width="696" valign="top" style="width:522.3pt;border:solid #C0504D 1pt;background:#A6A6A6;padding:0in 5.4pt 0in 5.4pt;"> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:14pt;line-height:115%;color:#FFFFFF;" xml:lang="en-in">REQUIRED QUALIFICATION AND SKILLS</span></b></p><p><b></b></p><b></b> </td> </tr> <tr style="border-left:1px solid #000000;height:122.95pt;"> <td width="696" valign="top" style="width:522.3pt;border:solid #C0504D 1pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:122.95pt;"> <p class="MsoNormal" style="margin-bottom:10pt;line-height:115%;"><b><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in">Actuarial Qualification: </span></b><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in"> Passed in at least 4 and above actuarial exams as per new curriculum.</span></p><p></p> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in"> </span></b></p> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:normal;"><b><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">Work experience in years: </span></b><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">1-3 plus years of actuarial work experience.</span></p><p></p> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:normal;"><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">Priors hand-on experience in prophet modelling is advantage.</span></p><p></p> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:normal;"><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">Good understanding of life insurance products.</span></p><p></p> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:normal;"><b><span lang="en-in" style="font-size:12pt;" xml:lang="en-in"> </span></b></p> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:normal;"><b><span lang="en-in" style="font-size:12pt;" xml:lang="en-in"> </span></b></p> <p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in">Other skill set:</span></b></p><p><b></b></p><b></b> <p class="MsoListParagraph" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0.5in;text-indent:-0.25in;line-height:115%;"><span lang="en-in" style="font-family:Symbol;" xml:lang="en-in">·<span style="font-style:normal;font-variant:normal;font-size:7pt;line-height:normal;font-family:'Times New Roman';"> </span></span><i><span lang="en-in" xml:lang="en-in">Prophet and DCS </span></i></p><p><i></i></p><i></i> <ul style="margin-top:0in;" type="disc"> <li class="MsoNormal" style="margin-bottom:0in;line-height:normal;"><i><span lang="en-in" xml:lang="en-in">Additional advantage to have knowledge of life insurance reporting.</span></i><i></i><p><i></i></p><i></i></li> </ul> </td> </tr> </tbody></table><p class="MsoNormal" style="line-height:15pt;"> </p><p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;"><b><span lang="en-in" style="font-size:14pt;line-height:115%;" xml:lang="en-in"> </span></b></p><p></p>