Job Description

Position Title: External Consultant/Manager

Role: Modelling and Shareholder Reporting

Location: Mumbai HO

Key Responsibilities:

Modelling:

- Responsible to develop, monitor and deliver Prophet model to the internal stakeholders

- Documentation of the model functionality and model changes

- Review of existing model functionalities, improve efficiency and accuracy of the model

- Review of existing model architecture and make it more efficient, wherever possible

- Manage the model development process within the model governance policy

- Provide technical support on Prophet to the AFLI team members on ongoing basis

- Coordinate with the stakeholders for model requirements and deliver as per their requirement

- Responsible for coordinating with the external/internal vendors/stakeholders in setting up IT infrastructure for Solvency II/IFRS/RBC framework

- Responsible for coordinating with the knowledge partner for modelling requirements that may come up for Solvency II/IFRS/RBC and ensure implementation of the same Shareholder Reporting

- Perform VNB calculation through Prophet for proposed new products

- Responsible for Asset Liability Management (Monitor asset liability profile of funds, responsible for setting duration gap to be maintained etc.)

- Perform experience analysis for assumption setting for EV, VNB & planning, feedback to the management and influence decision making

Candidate Requirement:

- 5-6 years of actuarial work experience

- Prior hands-on experience in modeling actuarial software is mandatory

- Should be capable of managing a team

- Good understanding of insurance product features and regulations

- Excellent analytical and communication skills

- Committed to meeting timelines

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