The person will be responsible for: - Monthly reinsurance premium calculation using RENOVA&nbsp; - Ongoing checks of reinsurance premium calculations and audit queries.&nbsp; - Ensure accuracy of reinsurance premium calculation while ensuring consistency with statutory provisions, impact on VNB margins, solvency through reinsurance calculations&nbsp; - Constantly improving calculations based on established practices on SAR&nbsp; - Keep tab on reinsurance profitability on the financials every month&nbsp; - Quarterly Reporting of LR forms for reinsurance&nbsp; - Experience analysis namely mortality, persistency and reporting on a monthly basis in actuarial dashboard to drive operational improvements&nbsp; - Assist in expense allocation optimisation strategy KEY PERFORMANCE INDICATORS - Qualitative Superior understanding of calculations of reserves, reinsurance and solvency, Good model controls - Quantitative Accuracy of the numbers produced by the model for financials, IRDAI reporting and management reporting&nbsp; - Drive to improve and refine calculation methods to optimise solvency and profitability&nbsp; - Methodical in documenting maker ad checker process to assist&nbsp; ERM WORK EXPERIENCE&nbsp; - 5-6 years with substantial experience in areas of experience analysis, reinsurance and reporting&nbsp; - Above Par excel and VBA macro skills&nbsp; - Understanding of SQL queries and reinsurance administration systems&nbsp; - A good understanding of Embedded Value Reporting, VNB and shareholder profitability metrics and impact of reinsurance&nbsp; - A good understanding of sources of profitability and experience monitoring&nbsp; &nbsp;QUALIFICATIONS - Cleared CT Subjects COMPETENCIES&nbsp; - Excellent communicator both within internal actuarial peers and reportees as well as to the non-technical colleagues within the company&nbsp; - Team player with ability to interact with other stakeholders and get the required support in delivery of goals. &nbsp; - An attitude to drive business and results&nbsp; - Strong written and analytical skills - interpret financial results, produce well-structured and clearly written reports

Mumbai

Actuarial Life Manager - Insurance 

Job Description for Actuarial Life Manager - Insurance  in Future Track Edutech Pvt. Ltd. in  Mumbai for (4-6) years of experience. Apply Now!