Job Description – DB Pensions Actuarial Valuation, ProVal ProAdmin
Exp Required - 5-7yrs
Notice - Early Joiner
Location - Gurgaon, Hybrid 2 days
Work Timings - 12-9PM IST
EXL’s 15+ years old ACTUARIAL practice is a multi-disciplinary group with an industry focus on the insurance sector (like Property & Casualty, Life Insurance, Health care, Retirement Advantages, Reinsurance). Our actuarial practice has a reputation for strong quantitative expertise and thought leadership in the industry. Through these years, our experienced practitioners have helped clients turn risk into opportunity by pairing science and art to develop solutions to their most pressing challenges around risk and insurance. We allow organizations to optimally balance their key business objectives in the context of their long-term business outlook.
Job Description
The candidate will be responsible for executing projects in the Pensions Actuarial Space, provide clear and helpful actuarial advice and support to the clients on various engagements.
Typical responsibilities of the candidate will include playing a proactive role within a multi-disciplinary team in supporting the various client engagements which may span across pension’s team and actuarial liability calculation for US pension plans. Candidate is required to have extensive hands-on experience either on Proval or ProAdmin
ProVal (DB Pension Valuation Tool)
· Should have strong data-handling skills in Excel and Word.
· Hands-on experience on ProVal.
· Ability to code expressions in ProVal to modify and transform valuation data.
· Perform valuation of U.S. Defined Benefit (DB) pension plans.
· Set asset–funding policies and reconcile income and disbursements (Benefit payment) for DB plans.
· Convert pension plans into ProVal based on plan documents or plan scoping guide (Must).
· Code system logic as per scheme rules/benefit formulas for valuation runs and validate results through manual liability checks.
· Prepare funding updates (Asset–Liab
📌 Sr Actuarial Specialist (Gurugram)
🏢 EXL
📍 Gurugram
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