Actuarial Analyst - IFRS Reporting - Insurance

Actuarial Analyst III - IFRS Reporting - Insurance

The role would be directly responsible for IFRS17 implementation for the company.

Key Responsibilities

- Responsible for IFRS17 implementation for the company.

- Responsible for developing specifications for actuarial calculations required by IFRS 17 standards

- Developing detailed understanding of IFRS 17 and clarifying various queries pertaining to understanding by different teams

- Interact with a wide range of stakeholders across the whole Company and externally on IFRS17 implementation

- Responsible for assessing the data and assumption readiness for transition to IFRS17

- Co-ordinate with IT or other parties to ensure the data and systems after development fulfil the IFRS requirements.

- Preparation of other management information as required

- Manage team of 1-2 members

Specific Authorities :

(Financial & Non Financial)

Not Applicable

Key Performance Indicators:

- Meet the regulatory and internal management timelines for the IFRS implementation and regular reporting

- Resolve queries raised by management on the financial reporting and projections

- Effective team management

Job Requirements :

Qualifications - Graduate/PG degree

- Minimum 12 actuarial papers

- Experience Minimum 6-8 years of experience of working with Actuarial function in Life

HR/ JD/ Ver1.0/1 st Feb 2020

Internal Insurance

Base skills

- Team management experience

- Experience in actuarial valuation is preferable

- Proficient in Prophet software & DCS

- MS Excel, VBA, R, SQL

Functional Competencies - Quick learner

- Analytical skills

Behavioral Competencies

- Collaboration

- Growth through differentiation

- Execution Excellence

Key Interactions

Internal Nature or purpose of interaction

Finance/ IT/ Ops

- Interaction required to build the understanding of the current financial reporting processes and changes required for IFRS implementation

- Co-ordinate with IT or other parties to ensure the data and systems after development fulfil the IFRS requirements.

- External Nature or purpose of interaction

- Industry Regular interaction with Industry people to understand the industry practices and any development in the IFRS requirements