Pramerica Life Insurance - Manager - Actuarial - Statutory Valuation/IFRS 17/US GAAP

Manager - Actuarial - Statutory Valuation/IFRS 17/US-GAAP

- Perform monthly valuation work per Indian Statutory requirements, prepare necessary summary reports of the monthly valuation results and explain movements in reserves.

- Perform monthly and quarterly solvency margin calculations in accordance with IRDAI requirements.

- Identify Individual and group life policy data issues and work with IT/Admin team to fix them.

- Maintenance of DCS tool and valuation data along with necessary compliance controls and audit checks.

- Preparing various quarterly and annual IRDAI submission pertaining to ARA, AAAR, Actuarial Forms BAP submission, public disclosures etc.

- Performing asset share roll-forward to manage profitability and reserves of Par business.

- Performing declared bonus calculations and assist in handling requirements of the WPC committee of the Company.

- Assist in handling queries from Peer Reviewer, Statutory Auditor & IRDAI on sufficiency of reserves and solvency positions.

- Perform an annual review of the best estimate valuation assumptions and update the assumptions documentation basis the experience analysis results and other analysis performed.

- Review the assumptions used in the model with those documented for valuation basis and reconcile the cash flows generated from the models by replicating them in spreadsheets.

- Standardize and document all the analysis process.

- Work on implementation of IFRS 17