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- Tasks: Provide accurate actuarial calculations and support to teams and clients.
- Company: HCL Insurance BPO Services specializes in life and pension administration.
- Benefits: Gain experience in a dynamic financial services environment with growth opportunities.
- Why this job: Join a supportive team, enhance your skills, and make a real impact in the insurance industry.
- Qualifications: A-Level Maths at grade B or above, or a BSc in a relevant field.
- Other info: Opportunity to work with compliance and data security in a professional setting.
The predicted salary is between 28800 - 43200 £ per year.
Job Title : Actuarial Administrator
Location : Romford
Job Description
Delivering accurate and compliant actuarial calculations and technical support to internal operational teams and external clients.
Experience : Good knowledge of Microsoft Office, particularly Microsoft Excel
Working in the financial services sector or
Working within the insurance or pensions industry or
Experience with Structured query Language (SQL)
Qualifications : Maths A-Level at grade B or above
or BSc in a mathematical or financial subject
About us
HCL Insurance BPO Services Limited provides business process outsourcing services. We offer life and pension administration services, including policy administration and claims handling on behalf of our clients
Key Tasks and Responsibilities:
- Delivering accurate and compliant actuarial support to Operational Teams and external clients to achieve or exceed service standards
- Calculation of both complex lifecycle and non-lifecycle referrals
- Provide support for Operations on a wide range of technical actuarial queries
- Reviewing system specifications and test calculation functionality when necessary
- To ensure that all enquiries are recorded correctly on the Company Work Management System so that all work can be scheduled correctly and provide an audit trail
- Completion of regular actuarial support tasks
- Ensuring full procedures are in place
- Ensure that work is processed (ALPS & Non ALPS) in line with agreed BPO formats and in excess of the agreed quality standards for correctness and fairness.
- To participate fully in departmental and team meetings in order to relay information, promote effective communication and suggest process improvements as appropriate
- To work within industry compliance and legislative requirements under the guidance of the Team Leader, ensuring compliance with controls and procedures
- To demonstrate commitment to treating customers fairly through behaviours and results. This includes putting yourself in the policyholder\’s shoes, managing their expectations, keeping them informed and communicating with them in clear, plain English
- To ensure that the business operating systems are used correctly and professionally
- To ensure that you are aware of the company complaint and incident identification procedure and that these are acted upon immediately to minimise regulatory breaches and customer/client detriment and business image
- To ensure that regulatory and audit requirements are met
- To be aware of data security from a customer and business perspective and take responsibility for the prevention of fraudulent activity. Maintaining the data protection ideals of clear desk, secure storage and secure PC.
- To undertake any other duties as may be deemed appropriate by your Team Leader
- Ensure personal and business objectives for self are met in line with the departmental business plan and monitor success
Actuarial Associate employer: HCLTech
Contact Detail:
HCLTech Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Associate
✨Tip Number 1
Familiarize yourself with the specific actuarial calculations and technical support tasks mentioned in the job description. Understanding these responsibilities will help you demonstrate your knowledge during interviews.
✨Tip Number 2
Brush up on your Microsoft Excel skills, especially if you can showcase advanced functions or data analysis techniques. This will be crucial for delivering accurate actuarial calculations.
✨Tip Number 3
If you have experience with SQL, be prepared to discuss how you've used it in previous roles. Highlighting this experience can set you apart from other candidates.
✨Tip Number 4
Show your understanding of compliance and regulatory requirements in the financial services sector. Being able to articulate this knowledge will demonstrate your commitment to industry standards.
We think you need these skills to ace Actuarial Associate
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Actuarial Associate position. Understand the key responsibilities and required qualifications, especially the importance of delivering accurate actuarial calculations and technical support.
Highlight Relevant Experience: In your application, emphasize any experience you have in the financial services sector, insurance, or pensions industry. Mention your proficiency with Microsoft Excel and any experience with SQL, as these are crucial for the role.
Showcase Your Qualifications: Clearly state your educational background, particularly if you have a Maths A-Level at grade B or above or a BSc in a mathematical or financial subject. This will help demonstrate that you meet the qualifications required for the position.
Tailor Your Application: Customize your CV and cover letter to reflect the specific skills and experiences that align with the job description. Use clear and concise language, and ensure that you communicate your commitment to treating customers fairly and adhering to compliance standards.
How to prepare for a job interview at HCLTech
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in Microsoft Excel and any experience you have with SQL. Be prepared to discuss specific examples of how you've used these tools in previous roles, especially in relation to actuarial calculations.
✨Understand the Industry
Familiarize yourself with the financial services sector, particularly the insurance and pensions industry. Being able to discuss current trends or challenges in these areas will demonstrate your knowledge and interest in the field.
✨Communicate Clearly
Since the role involves interacting with internal teams and external clients, practice explaining complex actuarial concepts in simple terms. This will show that you can communicate effectively and put yourself in the policyholder's shoes.
✨Prepare for Compliance Questions
Be ready to discuss your understanding of compliance and regulatory requirements in the industry. Think of examples where you've ensured adherence to procedures and how you would handle potential breaches.
