Experience : Relevant work experience of 4-5 years in life insurance actuarial domain.
Key Responsibilities :
- Responsible for quarterly and annual IRDAI submissions pertaining to ARA, AAAR, actuarial Forms submissions etc.
- Handling and Managing queries from Peer Reviewer, Statutory Auditor and IRDAI on sufficiency of reserves and solvency position.
- Responsible for setting economic and expense assumptions to be used in valuation.
- Justify movements in monthly reserves two finance and supervisor compared to the movement expected as per Business Plan.
- Review of methodology followed for global reserves and their management.
- Asset Share roll forward on monthly basis to manage profitability and reserves in Participating business.
- Ownership of DCS tool and valuation data.
- Support in improvements of existing valuation process.
- Reporting of IND AS 104 consistent numbers for consolidation purposes with parent company.
- Assist supervisor in review of various processes and deliverables.
- Support in timely delivery of any other ad-hoc regulatory reporting/requirements.
- Perform other responsibilities and duties assigned by supervisor.
- Participate actively on cross-functional / operational task forces.
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