Job Purpose
To maintain AXIS models. To modify models, incorporate latest assumptions in models, check the impact of changes in order to provide updated models for various activities. Managing junior team members on a task by task basis.
Job Context & Major Challenges
Job Context: To maintain AXIS models. To modify models, incorporate latest assumptions in models, check the impact of changes in order to provide updated models for various activities. Managing junior team members on a task by task basis.
Job Challenges: • Managing a quick turn around on the task
• Anticipating and managing problems and the time taken for the task
• Balancing work and studies and passing actuarial exams
• Digesting large amounts of information and being able to recognise key items quickly
• Developing and implementing new ideas to improve individual work methods
Key Result Areas
KRA (Accountabilities) (Max 1325 Characters)Supporting Actions (Max 1325 Characters)KRA1Oversee and Perform setting up of models for recent products being launched1.
Ensure that the required data should be available for modelling in required format whenever a recent product is getting launched.
Ensure all the features of the products are set up in AXIS models.
Ensure all the assumptions used for the AXIS models are appropriate.
Maintain consistency between similar products.KRA2Upgrading the AXIS with latest updates1. Keep a track of all the updates released for AXIS
Upgrade the datasets with latest available update
Calculate the impact of change on the results due to upgrade
Inform all teams about the changes in the models due to upgradeKRA3Responses to queries1. Resolving straightforward queries
Effectively helping other teams understand the results
Understand, explain / overcome implication of results and limitations of models
Identify relationships and interactions among data to create information
Participating effectively in the discussions and discussing moderately complex technical inf