Position Title: External Consultant/Manager
Role: Modelling and Shareholder Reporting
Location: Mumbai HO
Key Responsibilities:
Modelling:
- Responsible to develop, monitor and deliver Prophet model to the internal stakeholders
- Documentation of the model functionality and model changes
- Review of existing model functionalities, improve efficiency and accuracy of the model
- Review of existing model architecture and make it more efficient, wherever possible
- Manage the model development process within the model governance policy
- Provide technical support on Prophet to the AFLI team members on ongoing basis
- Coordinate with the stakeholders for model requirements and deliver as per their requirement
- Responsible for coordinating with the external/internal vendors/stakeholders in setting up IT infrastructure for Solvency II/IFRS/RBC framework
- Responsible for coordinating with the knowledge partner for modelling requirements that may come up for Solvency II/IFRS/RBC and ensure implementation of the same Shareholder Reporting
- Perform VNB calculation through Prophet for proposed new products
- Responsible for Asset Liability Management (Monitor asset liability profile of funds, responsible for setting duration gap to be maintained etc.)
- Perform experience analysis for assumption setting for EV, VNB & planning, feedback to the management and influence decision making
Candidate Requirement:
- 5-6 years of actuarial work experience
- Prior hands-on experience in modeling actuarial software is mandatory
- Should be capable of managing a team
- Good understanding of insurance product features and regulations
- Excellent analytical and communication skills
- Committed to meeting timelines
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