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Actuary Life and Pension SME
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Job Purpose and primary objectives:  |  
Key responsibilities (please specify if the position is an individual one or part of a team):  | An actuarial analyst needs to analyse client business requirements from calculation of the life and pension insurance business. Primary duties include understanding calculation aspect of functional business requirements from multiple clients, providing calculation requirements in specified format to product development team. The role also requires validating the clients calculation requirements in terms of comprehensive testing. Actuarial analyst provides vital information to clients who rely on knowledge and analytical ability to provide detailed understanding of backend system processing from calculation point of view.  This role is also responsible for a wide range of tasks including:- Understand the calculations for all the different insurance functional processes during the policy life cycle on life, pension and annuity.Evaluate the different transaction records of source systems data and translate into calculation logic to define the calculation specification in specific format which can be followed by product development team to replicate the same outputs.Understand the structure of the target system and write the calculation specification in accordance with the structure defined in the target system.Define the static data required for the calculation specification as per the target system.Make decision on different aspects of calculations accurately and to obtain approval from client for the decision made.Provide the guidance and support on the queries raised on the legacy data required for the calculation to be followed in transformation journey.Support the testing being performed when executed in target system to match the source systems outputs.Understanding of defined book of business
- Supervisory / Managerial responsibilities (please specify if the position will have persons reporting to it): | Not envisaged at the beginning
- Other responsibilities Budgets, targets, equipment etc (please specify): | Not envisaged at the beginning.
Key Skills/Knowledge: | Excellent skill in Finance accounting ledger and financial operation in UK Life and Pension MarketSolid understanding of investment operation and GLExcellent communication skill to deal with various stakeholders
Experience required: | 10-12 years ideally with prior experience in similar role.


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