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TIAA

13d ago

  • Job
    Full-time
    Junior & Mid Level
  • Mumbai
  • Quick Apply

AI generated summary

  • You should have a preferred degree, 2+ years of experience, and skills in accountability, actuarial science, financial modeling, communication, and relationship management.
  • You will perform actuarial analyses, asset-liability modeling, valuations, product development, and contribute to risk management and pricing support.

Requirements

  • University (Degree) Preferred
  • 2+ Years Required; 3+ Years Preferred
  • Physical Requirements: Sedentary Work
  • Career Level 6IC
  • Accountability, Actuarial Science, Commercial Acumen, Communication, Continuous Improvement Mindset, Executive Presence, Financial Acumen, Financial Modeling, Group Problem Solving, Relationship Management, TIAA Products/Services Acumen

Responsibilities

  • Actuarial/risk analyses with respect to the company's actuarial liabilities and capital position to ensure adequate financial strength of annuity and life insurance product lines, as well as overall financial strength of the company.
  • Experience studies and assumption development for the annuity and life insurance lines of business.
  • Asset and liability modeling and analyses of annuity and life insurance lines of business including financial projections and stress testing.
  • Various ALM projects such as economic scenario generation, duration analysis, and interest rate stress testing.
  • Valuations of actuarial reserves and liabilities.
  • Asset adequacy testing and analyses of annuity and life insurance lines of business.
  • Calculation of allowable TDA plan contributions and analyses of mortality trends and longevity risk.
  • Development of annuity products, pricing, and policyholder illustrations; determination of non-guaranteed elements such as crediting rates and dividend scales.
  • Other business functions including plan pricing support, risk management and potentially others.

FAQs

What is the primary focus of the Associate - Actuaries Analytics position?

The primary focus is to provide actuarial and related assistance with respect to capital adequacy, financial strength, experience studies, actuarial modeling, asset liability management, valuation, retirement plan support, product development, pricing, and other business functions.

What qualifications are required for this position?

A university degree is preferred, along with 2+ years of work experience in the actuarial field; 3+ years of experience is preferred.

What are the key responsibilities of the Sr. Actuarial Associate?

Key responsibilities include actuarial/risk analyses, experience studies and assumption development, asset and liability modeling, valuations of actuarial reserves, asset adequacy testing, and development of annuity products, among others.

Is there support for accumulating Society of Actuaries exam credits?

Yes, the Actuarial Development Program provides full support for Society of Actuaries exams.

Are there opportunities for mentorship and networking in this role?

Yes, the position offers opportunities for mentoring and networking as part of the Actuarial Development Program.

What type of work setting should candidates expect?

Candidates should expect a sedentary work environment.

Does TIAA provide any support for individuals with disabilities during the application process?

Yes, TIAA offers support for those who need assistance with the online application process to ensure equal employment opportunities.

What skills are particularly valued for this position?

Skills valued for this position include accountability, actuarial science, commercial acumen, communication, financial modeling, and relationship management.

What is the duration of the rotations in the Associate program?

The rotations last between 12 to 24 months.

Is this position eligible for hybrid remote work?

Yes, this position may support hybrid remote work arrangements.

TIAA

Helping those who help others retire with confidence has been our mission for 100+ years.

Finance
Industry
10,001+
Employees
1918
Founded Year

Mission & Purpose

TIAA (Teachers Insurance and Annuity Association) is a leading financial services organisation dedicated to serving individuals and institutions in the academic, research, medical, cultural, and nonprofit fields. With a focus on retirement services, investment management, and financial advice, TIAA helps clients achieve financial well-being and navigate their unique financial goals. TIAA's ultimate mission is to provide financial security and support for those who serve others, including teachers, researchers, and healthcare professionals. Their purpose is to empower individuals and institutions to make informed financial decisions, grow their assets, and create a more secure future. With a commitment to excellence, integrity, and customer-centricity, TIAA strives to be a trusted partner and help clients build a strong financial foundation throughout their lives.