We are currently hiring for a leading Life insurance company which is based out of Noida. Please find below the details:

Position:- Unit Manager to Sr. Manager - Actuarial Analysis

Location:- Noida

Experience:- 5 to 12 Years

Particular focus of the role includes:

- Responsible for the analysis on valuations and projections across all reporting bases (Regulatory Reporting IFRS, Value of New Business (VNB) and Embedded Value (EV))

- Provide explanation and analysis of results to key stakeholders including the production of written reports;

- Support assumption setting processes;

- Support in specification and validation of new valuation methodologies, models and product implementations;

- Support additional financial research, governance, controls, actuarial methods and standards used within assigned sub-region;

- Develop strong working relationships and strategic partnerships with internal clients (e.g. sub-regional CFO and CRO) to ensure a high degree of customer satisfaction;

- Lead a team of Noida-based actuaries/actuarial students to support Senior Actuarial Reporting Manager and ensure critical focus on Actuarial Analysis core deliverables throughout the course of the reporting year

Job Responsibilities

To support the delivery of the following objectives:

- External and Internal Reporting

- Timely and accurate analysis of actuarial balances on existing business for Regulatory Reporting, IFRS, EV and VNB;

- Timely and accurate analysis of business and capital plans;

- Explanation of variance between reported results and previous plans;

- Liaison with Financial Controllers to ensure suitable and consistent reserving and accounting practices;

- Assistance to the Chief Actuary and senior management team in the continuous monitoring of the adequacy of capital resources, and analysis of the solvency balance sheet as well as new business premium rates and propositions;

- Interpretation/analysis of experience studies and the determination of best estimate assumptions and provisions for adverse deviation (PADs) where applicable for reserving;

- Error free, clear communication of results via reporting templates, memos, reports or presentations

Key Performance Indicators (KPIs) of Position:

- Error free preparation of financial reports to required timescales and relevant actuarial standards;

- Execution of second-line data validation and completeness checks to required actuarial and audit standards.

- Contributing towards good team morale and positive team engagement and professional development.

- Ensuring excellent communication between Noida-based team and stakeholders based in different geographical locations.

- Taking demonstrable ownership of work; clearly flagging any issues and goal delivery concerns to senor leadership team.

Essential experience, skills and competencies:

- Meticulous in the validation, presentation and communication of results;

- Respectful of deadlines, discipline and process, yet flexible and pragmatic within a growing business;

- Capable of working autonomously or with a team, and of balancing own initiative with advice from others;

- Able to navigate through complex problems and organisations to achieve results and deliver solutions;

- Able to communicate complex issues to non experts;

- Experience of Regulatory Reporting, IFRS, and EV/VNB reporting;

- Demonstrable experience of insurance products sold by the organisation globally being a distinct advantage;

- A thorough knowledge of actuarial reporting across a wide range of product types: unit linked; creditor, individual protection and group business;

- Recent practical experience of financial / actuarial modelling systems (Prophet would be a plus);

- Excellent Excel/VB/ VBA skills. (Python coding skills would be a plus)

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