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Actuarial - Analyst

Employer
M&G plc
Location
Mumbai, India
Salary
Competitive
Closing date
23 Jun 2024

View more

Sector
Insurance
Role
Analyst
Contract Type
Permanent
Hours
Full Time

Job Details

We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. The company has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G plc's ambition to be the best loved and most successful savings and investments company in the world.

Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities.

Key responsibilities:
  • Set up assumptions and data on the PALM model coded in RAFM, run the model and process output in required format as per user request form.
  • Interact with Mumbai team members and also the run requestors (Customers) to prioritise runs effectively without breaching any timelines and also to understand the purpose of the run when required.
  • Maintain an 'audit trail' and version control to demonstrate the adequacy of the spreadsheet controls for future enhancements to the product.
  • Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented.
  • Work in a structured and logical way with a lot of focus high degree of accuracy
  • Liaise with development, business and systems support teams
  • Ability to identify and understand business issues, and understand the impact on the business of proposed solutions
  • Seek and act on opportunities to develop technical and business understanding.
  • Compliance - Ensure understanding and adherence to M&G India's Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.

Problem Solving:
  • Ability to confidently express own viewpoint and to clearly and simply communicate actuarial issues within their team
  • Ability to develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met
  • Maintain and develop knowledge of technical requirements of job together with the framework in which M&G India operates

Working Together:
  • Ability to plan and prioritise own workload
  • Ability to deliver on multiple tasks to demanding timescales
  • Desire to stretch and work flexibly to meet business requirements
  • Communicate effectively with others, develop positive networks and working relationships
    Key responsibilities:
  • Set up assumptions and data on the PALM model coded in RAFM, run the model and process output in required format as per user request form.
  • Interact with Mumbai team members and also the run requestors (Customers) to prioritise runs effectively without breaching any timelines and also to understand the purpose of the run when required.
  • Maintain an 'audit trail' and version control to demonstrate the adequacy of the spreadsheet controls for future enhancements to the product.
  • Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented.
  • Work in a structured and logical way with a lot of focus high degree of accuracy
  • Liaise with development, business and systems support teams
  • Ability to identify and understand business issues, and understand the impact on the business of proposed solutions
  • Seek and act on opportunities to develop technical and business understanding.
  • Compliance - Ensure understanding and adherence to M&G India's Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.

  • Problem Solving:
  • Ability to confidently express own viewpoint and to clearly and simply communicate actuarial issues within their team
  • Ability to develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met
  • Maintain and develop knowledge of technical requirements of job together with the framework in which M&G India operates

  • Working Together:
  • Ability to plan and prioritise own workload
  • Ability to deliver on multiple tasks to demanding timescales
  • Desire to stretch and work flexibly to meet business requirements
  • Communicate effectively with others, develop positive networks and working relationships

We live by four behaviours at M&G Global Services and we ask all our employees to:
  • Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
  • Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
  • Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things

Company

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