Deputy Manager/Manager - Actuarial Services - Life Insurance

Deputy Manager/Manager - Actuarial Services

Our client is an Indian life insurance company headquartered at Delhi, and the largest non-bank private-sector life insurer in India.

Designation - Deputy Manager/Manager - Actuarial Services.

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.

Skills :

- Experience of statutory valuation / reporting experience shall be preferred.

- Problem solving and decision making skill.

- Good understanding of Actuarial concepts and various Actuarial deliverables.

- Good knowledge of Prophet, MS Excel, VBA.

- Good communication and analytical skills.

Qualification:

- Graduation/Post Graduation with mathematics/statistics or any subject with sizeable mathematical content.

- Good progress on actuarial exams.