Lead - Actuary - BFSI

Our Clients are a well-established Life Insurance Company. They are a joint venture between diversified financial services conglomerate in India and one of the oldest life insurance companies in the world. Headquartered at Mumbai.

Role : Lead - Actuary

Purpose: To carry out valuation results, manage capital position, completing regulatory reporting requirements.

Role and responsibilities:

- 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.

- 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.

Experience:

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

Education Qualification:

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

Functional Skills:

- 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.

Soft Skills :

- Business Acumen.

- Growth through differentiation definition.

- Customer Centric.

- Building Talent and Teams Definition.