Assistant Vice President - Actuaries - Life Insurance Domain

AVP - Actuaries - Life Insurance (Indian Banks)

Domain:

- Life Insurance, with 10% of work in Pensions

- General Insurance, Health Insurance experience is not relevant

Skills:

- Economic Capital / Risk based Capital / Solvency II

- Embedded Value Reporting

- IFRS17 - preferred but not mandatory

Exams:

- Atleast 10 out of 15 (as per old curriculum)

- Any of the institutes - India or UK are fine (both have identical curriculum)

Key Skills (there are consistent to other MRM areas):

- Stakeholder management

- Communication of technical outcomes to non-technical audience

- Report writing skills

We are seeking a qualified actuarial professional to join our team. You will be responsible for validating complex insurance models to ensure they are robust, compliant, and fit for purpose.

Key Responsibilities:

- Validate actuarial models (e.g., valuation, capital reporting, pricing) assessing theory, data, calculations, and documentation.

- Produce clear validation reports, highlighting issues and recommendations.

- Work with model developers and owners to resolve identified problems.

- Communicate complex model risks and limitations effectively to technical and non-technical stakeholders.

- Provide coaching and guidance to junior team members.

Essential Skills and Qualifications:

- Near or fully qualified actuary with 5-10 years of experience in the insurance industry.

- Strong technical knowledge across key actuarial areas (Statutory Valuation, Solvency II/RBC, IFRS 17, Pricing).

- Experience with actuarial modelling software (e.g., Prophet, RAFM) as a user or coder.

- Excellent communication, interpersonal, and report-writing skills.

- Ability to explain complex concepts to diverse audiences and manage senior stakeholder relationships.

- Bachelor's or Master's degree in a quantitative field (Mathematics, Statistics, Finance, etc.).