<div>Primary Key Responsibilities<br /> - Core technical responsibilities for the role</div> <div>Actuarial Modelling Core Functions</div> <div>Model Development Model Operations Model Testing Financial Impact Testing<br /> - Model(s) are Risk Agility FM<br /> (RAFM) based which is an<br /> upgraded version of MoSes,<br /> - Understand the Business<br /> requirement(s) from the model<br /> users,<br /> - Prepare/ review the functional<br /> specification and design<br /> document for in scope<br /> developments,<br /> - Engage with model users/<br /> stakeholders to devise a<br /> change/ enhancements fitting<br /> the current model architecture<br /> and agree on a testing/<br /> validation approach,<br /> - Develop detailed plan with<br /> agreed scope, timelines and<br /> resource requirement for any<br /> change/ enhancement,<br /> - Develop/Review and unit test<br /> the changes/ enhancements to<br /> the RAFM model,<br /> - Keep a thorough audit trail<br /> with detailed documentation of<br /> any changes made to the<br /> model.</div> <div>- Understand the Business<br /> requirement(s) from the model<br /> developer and users for all the<br /> components in the operation<br /> team,<br /> - Develop/ Review and maintain<br /> the in-house Assumption<br /> Management System which is a<br /> VBA based excel tool,<br /> - Develop/ Review and maintain<br /> application Unify which helps us<br /> to automate the production<br /> process (VBA and Python must<br /> have skill to support Unify),<br /> - Develop/review the data<br /> creation process and result<br /> extraction tools of the changes<br /> required for every model<br /> release,<br /> - Keep a thorough audit trail<br /> with detailed documentation of<br /> any changes made to each of<br /> the component(s).</div> <div>- Understand the model change/<br /> enhancements made to the<br /> model,<br /> - Engage with model users/<br /> stakeholders to devise a detailed<br /> test plan (End to End, regression &amp;amp;<br /> Functional testing) to validate the<br /> model,<br /> - Functional testing &ndash; Model<br /> Baselining to validate the RAFM<br /> model coding changes/<br /> enhancements,<br /> - End to End Testing - performed<br /> to ensure that the full Results<br /> Production process works as<br /> required, normally based on tying<br /> results back to the results<br /> produced during the<br /> development, or previous<br /> production results where no<br /> change has occurred,<br /> - Test/ Review the IFRS 17<br /> calculation engine,<br /> - Document the changes to the<br /> model and testing the changes<br /> made for audit trail and approval<br /> from users and modelling lead(s),<br /> - Review the Model change<br /> document,<br /> - Proactively communicate<br /> change/ defects to concerned<br /> teams like<br /> modelling/assumptions/ data etc.<br /> and retest the defects raised.</div> <div>- Understand the model change/<br /> enhancements made to the<br /> model,<br /> - Review/ develop a detailed plan<br /> with agreed scope, timelines and<br /> resource requirement to carry out<br /> financial impact testing,<br /> - Demonstrate a good<br /> understanding of balance sheet<br /> and P&amp;amp;L and able to explain the<br /> impact of modelling changes on<br /> them,<br /> - Explain the step-through<br /> movement from previous results,<br /> - Carry out/guide/support overall<br /> financial impact analysis created<br /> using standardised and automatic<br /> tools,<br /> - Document/Review the analysis<br /> carried out<br /> - Conduct walk-through of results<br /> to stakeholders /leadership team.</div> <div>- Problem Solving<br />  Maintain and develop knowledge of technical requirements of job together within the model governance framework,<br />  Ability to develop clear, workable plans for self and team; monitor progress; ensure deadlines and commitments are met,<br />  Ability to confidently express own viewpoint and to clearly communicate any issues within their team.<br /> - Working Together &amp;amp; People management<br />  Ability to manage a 2-3 member team,<br />  Ability to optimally prioritise the workload within the team,<br />  Ability to deliver on multiple tasks to demanding timescales,<br />  Develop positive network and maintain a healthy working environment.<br /> Additional Responsibilities :<br />  Compliance &ndash; Ensure understanding and adherence to M&amp;amp;G India&rsquo;s Code of Conduct and where appropriate, comply with all<br /> relevant regulatory policies. This includes completion of any mandatory training,<br />  Assertively communicate with the stakeholders and independently execute the tasks that they allocated,</div>