Job Purpose:
To manage implementation of IndAS 117 and timely sharing the actuarial data requirements for IndAS financial statements while ensuring accuracy.
Key Responsibilities:
- Support end-to-end INDAS 117 implementation, including methodology development, model validation, and reporting processes.
- Perform actuarial calculations for insurance liabilities under INDAS frameworks (e.g., BEL, Risk Adjustment, CSM).
- Assist in building, testing, and maintaining actuarial models used for INDAS reporting.
- Analyze financial results and explain movements under INDAS 117 metrics.
- Collaborate with finance teams to align actuarial outputs with accounting requirements.
- Participate in parallel runs, dry runs, and production cycles for INDAS reporting.
- Prepare documentation for methodologies, assumptions, and processes.
- Ensure compliance with regulatory and internal governance standards.
- Support audit queries and stakeholder reporting requirements.
- Contribute to process improvements and automation initiatives.
Qualifications:
- Graduate/PG who has completed at least 6 papers.
Experience:
- At least 5 years' experience in Life Insurance industry and at least 3 years' experience in IFRS/IndAS actuarial team.
Functional Competencies:
- Regulatory Knowledge mainly IndAS/IFRS.
- Modelling Tools preferably Prophet and DCS.
- Risk Assessment.
- Actuarial Technical Expertise.
Behavioral Competencies:
- Communication and stakeholder management.
- Business Acumen.
- Growth through Differentiation Definition.
- Collaboration.
- Customer centricity.
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