Job Description:

The Fellow Actuary Life Reinsurance is responsible for providing independent actuarial oversight of the company's life reinsurance business, ensuring sound reserving, pricing, capital management, risk assessment, and regulatory compliance. The role will serve as a key advisor to the Board, senior management, and regulators on all actuarial matters relating to life reinsurance portfolios.

Key Responsibilities:

- Ensure the adequacy, appropriateness, and accuracy of actuarial reserves and technical provisions for life reinsurance business.

- Certify actuarial liabilities and provide recommendations on reserve methodologies and assumptions.

- Oversee experience investigations, assumption setting, and periodic actuarial reviews.

- Lead actuarial valuation and financial reporting activities in compliance with applicable regulatory and accounting standards.

- Assess and monitor the solvency position, capital adequacy, and financial strength of the organization.

- Develop and review pricing frameworks for life, and group reinsurance treaties.

- Evaluate profitability and sustainability of reinsurance portfolios and provide recommendations for improvement.

- Support treaty negotiations through actuarial analysis of risk, pricing, and portfolio performance.

- Conduct mortality, morbidity, lapse, expense, and other experience analyses to support pricing and valuation activities.

- Perform embedded value, economic capital, and business planning projections.

- Provide actuarial input into enterprise risk management frameworks and risk appetite assessments.

- Conduct stress testing, scenario analysis, and sensitivity testing to assess potential impacts on profitability and capital.

- Ensure compliance with IRDAI/applicable regulatory requirements, actuarial standards of practice, and professional guidelines.

- Present actuarial opinions, reports, and recommendations to senior management, Board committees, and regulators.

- Support product development initiatives by evaluating risk, profitability, and capital implications.

- Develop reinsurance structures and strategies to optimize risk transfer, capital efficiency, and earnings stability.

- Monitor emerging experience trends and recommend underwriting, pricing, or treaty modifications where required.

- Ensure robust actuarial governance, model validation, and data quality controls across actuarial functions.

- Lead and mentor actuarial teams, ensuring effective performance management and capability development.

- Provide expert actuarial guidance on strategic initiatives, mergers, acquisitions, and portfolio transactions as applicable.

- Stay abreast of emerging industry practices, regulatory developments, accounting changes, and advancements in actuarial methodologies.

Primary Responsibilities:

- Sign-off and certify actuarial reserves, liability valuations, and actuarial reports.

- Oversee valuation, experience studies, capital modelling, and financial projections.

- Review and approve actuarial assumptions and methodologies used for pricing and reserving.

- Provide independent opinions on solvency, financial condition, and risk exposure.

- Support treaty pricing, product development, and portfolio management decisions.

- Drive actuarial governance, model risk management, and compliance initiatives.

- Present actuarial findings and recommendations to the Board, regulators, and senior stakeholders.

- Lead actuarial teams and ensure adherence to professional standards and best practices.

- Collaborate closely with Finance, Risk, Underwriting, Product, Claims, and Reinsurance functions to support business objectives.