17/11 Vasundhara
HR at MAX Life Insurance

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Max Life Insurance - Assistant Manager - Investments - CA/CFA (1-3 yrs)

Gurgaon/Gurugram Job Code: 864765

Designation Assistant Manager - Investments

Location - Gurgaon

JOB SUMMARY:

- Booking of derivative trades in system and setup in excel model to verify.

- Verification of the trades executed with the term sheet received from bank.

- Calculation of the MTM for derivatives book on daily basis.

- Performance of Hedge effectiveness testing

- Daily collateral management with banks and analysis of variances if any.

- Understanding of execution process of trades in Indian markets like debt, Gsec, equity, Mutual fund, money market, etc.

- Creation of derivative dashboard on timely basis.

- Timely closure of derivative accounting.

- Understanding of IRDAI regulations on investment & derivatives.

- Ability to use technology and build controls around operations.

- Review of ISDA/CAS/term sheet and other derivative related document with the bank.

- Leading the various derivative related projects on ongoing basis.

- Work on system enhancement for derivatives.

KEY RESPONSIBILITIES:

- Derivative Operations - Ensure trade is booked accurately and MTM is under the approved threshold between us and bank on day to day basis. Ensure all trades are settled on time with accuracy.

- Compliance - Understanding of IRDAI regulations and continuous assessment towards compliance and study of new circulars, update to management with action pls.

- Reporting - Internal and external reporting on timely basis

- Reconciliation - Performance of various derivative and holding related reconciliation and MIS for analysis

- Managing Audits - Support to Concurrent Auditors and Statutory Auditors by providing timely data and ensuring successful completion of the same

- Adhoc - To cater the adhoc requirement from Mid office, Front office, Actuary and back office team for derivative related data.

- Projects - Working on ongoing project related to new derivative products, hedging strategies, system enhancement, process improvement etc

- Documentation - Ensuring proper agreement/term sheet/trade confirmations are in place with all bank.

MEASURES OF SUCCESS:

- Timely setup of trade and verification with excel model. Verification with bank term sheet/trade confirmations.

- Checking of MTM computed on daily basis and collateral management. All transfer should be done in stipulated timeframe.

- Timely publication of dashboard and MIS to various stakeholders.

- Analysis of the derivative data time to time and appraise the management with important information.

- Compliance with the accounting standard and IRDAI.

- Automation, compliance and improvement agenda resulting in improvement of processes.

- Timely submission of reports in line with regulatory and management requirements and continuous efforts to reduce time taken to make reports with enhanced controls

- Providing sufficient data to auditors and ensure that the audit is closed without pending issues

- Automation of reports/simplification of process/ system enhancement.

- Effective controls on data.

- Timely closure of derivative accounting.

- Supporting the monthly/quarterly/yearly financial closing by providing the relevant information.

JOB REQUIREMENTS:

MINIMUM EDUCATION - Chartered Accountant/ CFA (USA)

MINIMUM EXPERIENCE:

- 1-3 years of relevant experience post qualification.

- Experience in derivative accounting and valuation is mandatory. INDAS knowledge would be added advantage.

- Work experience in derivative advisory/insurance company would be preferred.

Women-friendly workplace:

Maternity and Paternity Benefits

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