Actuarial Life Manager - Insurance

The person will be responsible for:

- Monthly reinsurance premium calculation using RENOVA 

- Ongoing checks of reinsurance premium calculations and audit queries. 

- Ensure accuracy of reinsurance premium calculation while ensuring consistency with statutory provisions, impact on VNB margins, solvency through reinsurance calculations 

- Constantly improving calculations based on established practices on SAR 

- Keep tab on reinsurance profitability on the financials every month 

- Quarterly Reporting of LR forms for reinsurance 

- Experience analysis namely mortality, persistency and reporting on a monthly basis in actuarial dashboard to drive operational improvements 

- 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 

- Drive to improve and refine calculation methods to optimise solvency and profitability 

- Methodical in documenting maker ad checker process to assist 

ERM WORK EXPERIENCE 

- 5-6 years with substantial experience in areas of experience analysis, reinsurance and reporting 

- Above Par excel and VBA macro skills 

- Understanding of SQL queries and reinsurance administration systems 

- A good understanding of Embedded Value Reporting, VNB and shareholder profitability metrics and impact of reinsurance 

- A good understanding of sources of profitability and experience monitoring 

 QUALIFICATIONS - Cleared CT Subjects

COMPETENCIES 

- Excellent communicator both within internal actuarial peers and reportees as well as to the non-technical colleagues within the company 

- Team player with ability to interact with other stakeholders and get the required support in delivery of goals.  

- An attitude to drive business and results 

- Strong written and analytical skills - interpret financial results, produce well-structured and clearly written reports