Lead Associate- Actuarial Retirement
Lead Associate- Actuarial Retirement
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Job Description
As a Senior Analyst or Lead Associate in the Retirement Consulting business in India you will be an integral part of project teams conducting / Reviewing actuarial valuations of employee benefit provisions for corporate clients. Additionally you will contribute to special projects involving the design strategy and implementation of broader employee benefit plans.
Your clients will include both subsidiaries of global corporations and large Indian enterprises offering exposure to diverse business environments and regulatory frameworks. You will work closely with senior consultants and experienced actuaries who will mentor and guide youenhancing your technical expertise deepening your understanding of employee benefits and honing your clientfacing and consulting skills.
This role provides a dynamic learning experience equipping you with the knowledge and skills to navigate complex actuarial challenges and deliver impactful solutions in the evolving employee benefits landscape
THE ROLE
The complexity costs and risks associated with employee benefits pose an increasing threat to business competitive and wellstructured benefits remain crucial for attracting retaining and engaging top talent.
As the #1 Retirement Consulting Brand in India Willis Towers Watson helps organizations develop enterprisewide strategies for optimizing employee benefitsbalancing cost efficiency with employee needs.
Our Retirement team has deep expertise in actuarial valuations benefit design and regulatory consulting. We work closely with corporate clients regulators and government bodies including the Pension Fund Regulatory and Development Authority (PFRDA) shaping the future of retirement and social security in India.
This role presents a unique opportunity to work alongside experienced clientfacing consultants and Indias largest team of qualified actuaries.
Role Overview:
As a Senior Actuarial Analyst you will play a key role in delivering actuarial and retirement consulting solutions to corporate clients. Your responsibilities will include:
- Actuarial Valuations & Financial Reporting: Conduct / Review actuarial valuations for employee benefits under relevant Indian and international accounting standards (Ind AS 19 IAS 19 US GAAP etc.) including: Gratuity Leave Encashment Long term awards Provident Fund Pension PostRetirement Medical etc.
- Plan Design & Cost Modelling: Advise companies on optimal employee retirement plan structures by modelling future costs conducting risk assessments and benchmarking against industry best practices.
- Strategic Advisory & Transactions: Support Mergers & Acquisitions (M&A) due diligence by assessing employee benefit liabilities and integrating retirement plans postmerger.
- Client & Stakeholder Collaboration: Work closely with clients internal stakeholders and crossfunctional teams to deliver highimpact solutions that align with business objectives.
- Process Improvement & Automation: Identify opportunities to streamline actuarial processes improve modelling techniques and leverage technology for enhanced efficiency
Performance ObjectivesHA1
Clients
- Work on all stages of an actuarial valuation from validating data received from the client to liability calculation with the final step of reporting results to the client in the form of actuarial reports.
- Switch between a doer and a reviewer depending on the need and requirement of a project.
- Liaising and coordination with clients including face to face client meetings
- Gain deep understanding of the Indian and International accounting standards and technical aspects associated with benefits consulting in India Support in Special Projects which involve plan design restructuring of employee benefit schemes and other areas of general consulting
- Support in Special Projects which involve plan design restructuring of employee benefit schemes and other areas of general consulting
- Manage medium to large sized clients independently Creating project plans Monitoring progress to deadlines and budget.
- Ensuring appropriate and effective communication with clients and internal team members.
Excellence
- Work collaboratively with other colleagues and consultants to meet client expectations
- Solid technical abilities on Excel and PowerPoint.
- Increase efficiency within client teams by identifying ways to improve processes
- Develop a strong understanding of the retirement benefit plans and industry and become familiar with the overall benefits environment in India
- Seek and participate in key learning and development opportunities/maintain steady progress through actuarial exams
- Manage time effectively between multiple assignments at a time
- Adhere to all predefined steps while carrying out the work ensuring Willis Towers Watson Excellence quality model.
People
- Build strong relationships internally and collaborate effectively on crossfunctional teams
- Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
- Conduct technical training for junior analysts and interns
Financials
- Meet individual chargeable hours targets
Qualifications
The Requirements
- Experience working on Pension and Employee Benefit domain (preferably in Indian Market)
- Bachelors degree in Commerce Economics Mathematics Statistics Business any Engineering or an analytical subject
- Pursing actuarial science and given relevant actuarial papers
- Strong written and verbal communication skills
- Ability to manage multiple projects and manage time effectively
- Good analytical and research capabilities with the ability to challenge conventional thinking
- Selfdriven achiever with a value for teamwork collaboration decisiveness and integrity
- Proactive approach to meeting clients needs.
- Conceptual; ability to go beyond the details and see the big picture
- Ability to think beyond the task at hand and understand how work fits into the broader of good interest in relationship building and client management skills
- Excellent Microsoft Office skills particularly in Excel and Powerpoint.
- Ability to respond to all communications effectively and in a timely manner
Flexibility and proven ability to identify and resolve issues.
Required Experience:
IC
Employment Type
Full-Time
