IDBI Federal Life Insurance - Manager/Senior Manager - Actuarial - Statutory Valuation

Position: Sr. Manager/ Manager - Actuarial (Statutory Valuation)

Location: Mumbai (Lower Parel)

Experience: 8-10 years of relevant experience

Technical requirements:

1) Managing timely submission of annual statutory reports

2) Managing monthly valuation and reserves movement analysis

3) Managing valuation related queries and audits

4) Determination and movement analysis of solvency margin

5) Performing analysis of surplus for statutory and management reporting

6) Experience investigation and setting assumptions

7) Preparation of Financial Condition Report

8) Ensuring complete documentation of valuation related processes and changes

9) Monitoring model testing and its documentation for valuation purposes

10) Training and guiding subordinates

Skills: Following skills / attributes are required for the position:

1) Capable of managing various aspects of statutory valuation independently

2) Ability to work independently and show initiative

3) Ability to exercise judgement based on the analysis of multiple sources of information

4) Managerial skills (ability to manage a team of 3-4 people)

5) Excellent verbal / written communication skills

6) Ability to collaborate and work with cross-functional teams / projects

7) Nearly qualified actuary from a recognized actuarial institute