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IDBI Federal Life Insurance - Junior Manager/Assistant Manager - Actuarial (2-3 yrs)
1. Engage with various reinsurer's and obtain best possible quote and terms and conditions
2. Calculation of reinsurance premium and claim recovery on monthly basis
3. Set up of new products in ReNova and regression testing in UAT environment
4. reporting of RI returns on quarterly and annual basis to IRDAI
5. Ensure timely renewal of CAT treaty by evaluating the portfolio and engaging with various reinsurer's for obtaining the quotes
6. Preparation of reinsurance programme
Candidate Requirement :
1. 2-3 years of experience in Life Insurance or reinsurance company
2. Working knowledge of VBA/Macro programming and SQL or any other database
3. Experience in ReNova preferred but not compulsory
4. At least 5 Actuarial papers cleared from IoA/IoAI
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