Actuarial Manager - (Life Insurance)

Reporting into Senior Manager / AVP - Actuarial, this role will mainly include the following areas of work :

1. Calculating the Embedded Value of the Company on Indian Embedded Value (IEV) basis;

2. New Business Margin Reporting on IEV basis;

3. Annual assumption setting for Statutory Valuation and Embedded Value calculations;

4. Requiring a sound understanding of actuarial principles and an in-depth understanding of the industry, emerging trends with good knowledge of regulations.

Impact on the Business / Function[COMPLETE 3-4 AREAS]

- Carry out and to check the calculations of EV, NBMs on a quarterly basis,

- Preparation of presentation for the shareholders of the Company. Also, assisting in preparing the peer review report for EV calculation.

- Preparation of ARA to be submitted to the IRDA on a yearly basis

- Assisting in setting actuarial assumptions on a yearly basis.

- Timely submission of results to shareholders. Assist shareholders/management to understand the profitability inherent within the business along with any risks(if any)

- Timely completion statutory valuation and all required reporting to IRDA

- Liaise with and support other areas of the business to ensure that business decisions actuarially robust.

- Provide support to more junior staff in the team and the wider department in both work and study-related areas.

- Prepare and review control files for all the work done

- Communications to users of the output

- Prepare and check documentation produced for the peer reviewer/auditors

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