16/09 Vasundhara
HR at MAX Life Insurance

Views:2123 Applications:10 Rec. Actions:Recruiter Actions:0

Max Life Insurance - Manager - Actuarial (5-7 yrs)

Gurgaon/Gurugram Job Code: 743636

Position : Manager - Actuarial

No. of Positions : 1

Department : Corporate Actuarial

Function : Actuarial Services

Reporting to : Assistant Vice President (Corporate Actuarial)

Band : 4

Location : Gurgaon

Job Summary :


In this role, you will be mainly responsible for the following areas of work :

1. Calculating the embedded value of the Company on market consistent basis;

2. Production and actuarial review of Business Plan of Company;

3. Assisting in reporting of statutory valuation resultsto the regulator and senior management.

Key Responsibilities :

MCEV reporting :

- Calculating the embedded value on quarterly basis along with analysis of key movements;

- Ensuring robustness and accuracy of prophet models being used in EV calculation;

- Ensuring completeness and accuracy of documentation of key tasks in calculation of EV;

- Preparation of reports and investor release presentation.

Business Planning :

- Generating business plan projections and the production of actuarial review of the business plan results;

- Ensuring completeness and accuracy of documentation of key tasks in production of business plan;

- Working with Finance team to analyse plan to actual variances and incorporating them into ongoing developments.

Others :

- Assisting the PROPHET modeling requirements of the Corporate Actuarial team;

- Performing UAT of actuarial models used for calculation of EV and business plan results.

Measures of Success :

- Timely delivery of the results to enable financial reports to be prepared as per business requirements;

- Reporting of work with minimal errors through thorough checking of the results;

- Feedback from seniors;

- Feedback from team members.

Desired experience :

Qualification :


- Member of the Institute of Actuaries of India OR Institute and Faculty of Actuaries, UK

- The candidate should be associate or above (with ST2 exam passed).

Experience :

- Experience of 5-7 years in a life insurance company/consultancy.

Knowledge and skills required :

- Strong hold on actuarial fundamentals;

- Ability to perform a result oriented analysis combined with sharp articulation of key messages for the reviewer and senior management;

- Good communication skills;

- Strong prophet modelling skills;

- Proficient with using MS excel (including coding in VBA)

- Good with use of DCS tool.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

Add a note
Something suspicious? Report this job posting.