Job Description

Key Responsibilities :

- Responsible for quarterly and annual IRDAI submissions pertaining to ARA, AAAR, actuarial Forms submissions etc.

- Handling and Managing queries from Peer Reviewer, Statutory Auditor and IRDAI on sufficiency of reserves and solvency position.

- Responsible for setting economic and expense assumptions to be used in valuation.

- Justify movements in monthly reserves two finance and supervisor compared to the movement expected as per Business Plan.

- Review of methodology followed for global reserves and their management.

- Asset Share roll forward on monthly basis to manage profitability and reserves in Participating business.

- Ownership of DCS tool and valuation data.

- Support in improvements of existing valuation process.

- Reporting of IND AS 104 consistent numbers for consolidation purposes with parent company.

- Assist supervisor in review of various processes and deliverables.

- Support in timely delivery of any other ad-hoc regulatory reporting/requirements.

- Perform other responsibilities and duties assigned by supervisor.

- Participate actively on cross-functional / operational task forces.

Primary Interactions:-

Internal - Investment, Finance, Other Actuarial and Risk team

Measure of Success :

- Ability to work with minimum supervision and problem solving ability.

- Completion of tasks on time and at desired standards.

- Demonstrate ability to take up and deliver new projects

- Accuracy of results and comprehensiveness of the models and reports.

- Planning before implementing and proper documentation of the work done.

Skills :

- Experience of statutory valuation / reporting experience shall be preferred.

- Problem solving and decision making skill.

- Good understanding of Actuarial concepts and various Actuarial deliverables

- Good knowledge of Prophet, MS Excel, VBA

- Good communication and analytical skills

Essential qualifications and experience :

Qualification

- Graduation/Post Graduation with mathematics/statistics or any subject with sizeable mathematical content

- Good progress on actuarial exams.

Experience

- Relevant work experience of 4-5 years in life insurance actuarial domain.

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