Fund Manager - Life Insurance Domain

- The role involves co-ordination with the equity team for assimilating inputs from various market participants and arriving at an expected outlook for equity as an asset class which in combination with the fixed income outlook is used to arrive at an appropriate asset mix for the PAR and Group fund

- The role thus involves formulating and implementing portfolio investment strategies: carrying out macro, industry specific and company research to create model portfolios to outperform the benchmark and peers. It also involves nurturing and developing people in the investment team, to deliver out performance vis-a-vis peers and benchmark and to take on higher responsibilities.
 
REGULATORY COMPLIANCE :

- The profile involves ensuring compliance at all times with regulatory, risk management and other internal mandates especially in light of the current regulatory changes that the industry is passing through. This involves assessing impact of changes in regulations both in case of existing as well as proposed products, gathering industry views on the same and proposing appropriate changes if any.

PRODUCT DEVELOPMENT :

- Spoc for new product development and launch from investment perspective and interactions with Regional Head Office on the same is part of job profile. The number of portfolios is expected to go up as more products are launched going forward. The upcoming product launch in the pipeline includes new categories which would involve an altogether different approach to portfolio management.

- In case of new product launches, the profile is responsible for developing an appropriate framework for investing so as to maximize the product returns. In case of existing products, the profile is also responsible for regular reporting of the investment positions to Group Insurance as and when required.

INTERACTION with STAKEHOLDERS -

- The role involves co-coordinating with the investment research team at our distributors in order to appropriately communicate our investment performance as well as strategy being undertaken across all funds being managed by the Company. This would cover all regular updates which cover our performance scheme wise compared to the benchmark as well as the peers. The performance also analyses the schemes from a risk perspective in line with the pre-agreed framework of the distributor.

- Highly skilled job of fund management. A Chartered Accountant/CFA degree or an MBA from premier business school with minimum 10 years of relevant experience in an asset management company/portfolio management/hedge fund/insurance front office is a pre-requisite for this role. It is a critical role and has direct contribution to the organisation growth and profitability and shareholder and policyholder returns.