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14/03 Priti Goyal
Founder at Serving Skill

Views:317 Applications:27 Rec. Actions:Recruiter Actions:1

Lead - Actuary - Insurance (6-8 yrs)

Mumbai Job Code: 1387176

Lead - Actuary

- To carry out valuation results, manage capital position, completing regulatory reporting requirements etc.

Key Responsibilities :

Responsibilities :

- 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 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.

CX/NPSQ/Ver 1.0/1 st Feb 2020

Internal Job Requirements :

Qualifications :

- Graduate who has completed at least 10 actuarial papers

- Experience At least 6 to 8 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

Specific Authorities :

(Financial & Non Financial)

Authorized to manage leaves of team members

Key Performance Indicators :

- Regulatory compliance = 100%

- Accuracy = 100% (0 errors)

Key Interactions :

- Internal Nature or purpose of interaction

Finance team :

- Reserves and reinsurance booking in the Financials

Investment team :

Investment return and ALM.

Actuarial :

Pricing :

- Pricing related information

- BSG, MIS , IT,

- Operation Team

- Data, policy & claim related information

Corporate planning team :


- External Nature or purpose of interaction

Peers in other organizations :

- For regulatory queries or feedback on different regulations

Peer Reviewer :

- For the statutory peer reviewer process

- With Profits Committee

- To complete with profit reports

Auditors :

- For audit and regulatory queries and requirements

Women-friendly workplace:

Maternity and Paternity Benefits

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