Kotak - Actuarial Role

Role:

- A varied role within the Actuarial department focusing mainly on PROPHET modeling and related projects apart from some statutory valuation and financial reporting responsibilities.

- Help improve valuation methodologies and implement new processes and methodologies as required.

- Maintain and develop PROPHET actuarial models for various purposes such as assessing cost of guarantees, economic capital assessments, analyzing new business etc.

- In time, the role will encompass spearheading the development of a process for monitoring ALM and other risks for the purpose of internal risk monitoring and IRDA reporting.

Skills required:

- Essential: PROPHET modeling knowledge (Mandatory)

Desirable: SQL skills, DCS expertise, Access, Excel and VBA expertise

Experience:

1-4 years in the Actuarial department of a life insurer in the risk / valuation team with knowledge of the following is preferred:

- Statutory valuation, embedded values and economic capital

- Experience of setting up products on PROPHET (Mandatory)

- Conceptual and computational knowledge of ALM risks faced by life insurers

Professional qualification: 3-4 actuarial exams cleared.

Location: Mumbai