Inforce Illustration Process Expert

Role: Inforce Illustration process Expert

Shift: 5:30 PM - 2 AM

Location: Gurgaon

Main Accountabilities

• Produce manual in force illustrations for all Traditional and Universal Life products
• Manually calculate premiums, dividends, loans and cash values for Traditional and Universal Life products
• Understand and provide comprehensive explanations of the illustrations
• Prepare complex exception illustration requests, modifying assumptions as necessary for Universal Life products
• Ability to produce online in force illustrations using online tools and workspaces for all Traditional and Universal Life products
• Ability to understand, interpret and explain variability and investment options for Universal Life illustrations
• Understand and apply various formulae and calculations correctly
• Understand and apply various internal and external Life Insurance rules and regulations correctly
• Develop training material and provide training to team members
• Subject Matter Expert for procedure improvements, product and system enhancements
• Build and maintain strong relationships with advisors and internal business partners

Competencies

• In depth and comprehensive knowledge of Traditional and Universal Life Insurance products
• Highly effective communications skills, both written and verbal
• High level attention to detail to reduce risk of error with complex data
• Strong logic, problem solving and mathematical skills
• Strong decision making ability based on complex information
• Team player with positive attitude, enthusiasm and commitment to provide quality and timely service
• Ability to learn and understand different computer systems and programs quickly
• Ability to be self-motivated, self-directed and work independently
• Ability to multi-task and prioritize effectively in a fast paced, changing environment
• Recognizes need for urgency and executes quickly and decisively in time sensitive situations
• Solid understanding of excel
• Minimum 3 years of experience in life insurance

Requirements

• Highly developed analytical and problem solving skills
• Should be Math/Statistics graduate or have cleared 2-4 papers of Actuary
• Experience using Microsoft Excel, Access and Word
• Traditional and Universal Life product knowledge