09/10 HR
HR at Michael Page

Views:729 Applications:62 Rec. Actions:Recruiter Actions:0

Head - Valuation - Financial Firm (8-10 yrs)

Mumbai Job Code: 854957

Industry - Insurance

Category - Finance

Skills - Valuation, Actuary, Life Insurance

Job Type - Permanent

Job Description - Job entails heading Valuation for a well known LI client and maintaining a team of 4-5 people

Client Details :

Client is a LI firm which is a part of group company which has stakes in various other banking and financial domains.

Description :

- To have active involvement in preparing various reports to be submitted to the regulator viz. Actuarial Report & Abstract (ARA), Appointed Actuary's Annual Report (AAAR), etc.

- To liaise with different stakeholders including auditors, With Profit Actuary and peer reviewer

- To manage solvency levels

- To carry out periodical analyses on ALM position of the Company

- To compute Monthly Reserves, reinsurance and communicating the same with the Finance Team

- To validate the valuation data received from different teams and share the same with the other stakeholders as required.

- To perform reinsurance reporting

- To be responsible for With Profit Fund management

- To liaise and communicate with other functions such as finance, investments, IT etc.

- To engage with different stakeholders including Auditors, With Profits Actuary, Peer Reviewer etc.

Profile :

Job Requirements :

Qualifications :

- Fellow actuary or close to Fellowship with at least 11 actuarial papers under new diet

Experience :

- At least 8 to 10 years of experience in Life Insurance. Experience of Statutory Reporting is essential.

Functional Competencies:

- Risk Assessment

- Actuarial Technical Expertise - Knowledge of methods and approach of reserve calculations

- Modelling Tools

- Regulatory knowledge- Good knowledge of IRDA reporting and reserving regulations

Behavioral Competencies:

- Business Acumen

- Growth through differentiation definition

- Customer centricity

- Building Talent and Teams Definition

Key Performance Indicators:

- Regulatory compliance = 100%

- Accuracy = 100% (0 errors)
Job Offer :

An opportunity to work in a fast-paced environment while handling a diverse team

To apply online please click the 'Apply' button below. For a confidential discussion about this role please contact Stuti Relan on +91 (0) 22 4236 3357.

Contact - Stuti Relan - +91 (0) 22 4236 3357

The Apply Button will redirect you to the website. Please apply there as well.

Women-friendly workplace:

Maternity and Paternity Benefits

Add a note
  • Apply
  • Assess Yourself
  • Save
  • Insights (Read more)
  • Follow-up
    (Read more)
Something suspicious? Report this job posting.