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Lead - Actuary - Insurance

6.00 to 8.00 Years   Mumbai City   07 Nov, 2022
Serving Skill
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryRecruitment Services
Functional AreaFinance / Accounts / TaxGeneral / Other Software
EmploymentTypeFull-time

Job Description

    Lead - Actuary- To carry out valuation results, manage capital position, completing regulatory reporting requirements etc.Key Responsibilities :Responsibilities :- To have active involvement in preparing various reports to be submitted to the regulator viz. Actuarial Report & Abstract (ARA), Appointed Actuarys Annual Report (AAAR), etc.- To liaise with different stakeholders including auditors, With Profit Actuary and peer reviewer- To manage solvency levels- To carry out periodical analyses on ALM position of the Company- To compute Monthly Reserves and communicating the same with the Finance Team- To validate the valuation data received from different teams and share the same with the other stakeholders as required.- To perform reinsurance reporting- To be responsible for With Profit Fund management- To liaise and communicate with other functions such as finance, investments, IT etc.- To engage with different stakeholders including Auditors, With Profits Actuary, Peer Reviewer etc.CX/NPSQ/Ver 1.0/1 st Feb 2020Internal Job Requirements :Qualifications :- Graduate who has completed at least 10 actuarial papers- Experience At least 6 to 8 years of experience in Life Insurance. Experience of Statutory Reporting is essential.Functional Competencies :Risk Assessment :- Actuarial Technical Expertise- Knowledge of methods and approach of reserve calculationsModelling Tools :- Regulatory knowledge- Good knowledge of IRDA reporting and reserving regulationsBehavioral Competencies :- Business Acumen- Growth through differentiation definition- Customer centricity- Building Talent and Teams DefinitionSpecific Authorities :(Financial & Non Financial)Authorized to manage leaves of team membersKey Performance Indicators :- Regulatory compliance = 100%- Accuracy = 100% (0 errors)Key Interactions :- Internal Nature or purpose of interactionFinance team :- Reserves and reinsurance booking in the FinancialsInvestment team :Investment return and ALM.Actuarial :Pricing :- Pricing related information- BSG, MIS , IT,- Operation Team- Data, policy & claim related informationCorporate planning team :- MIS- External Nature or purpose of interactionPeers in other organizations :- For regulatory queries or feedback on different regulationsPeer Reviewer :- For the statutory peer reviewer process- With Profits Committee- To complete with profit reportsAuditors :- For audit and regulatory queries and requirements,

Keyskills :
statutory reportingregulatory reportingregulatory compliancereporting requirementsmisalmirdafinancecapitalbusinessplanningsolvencyreservesactuarialreportingvaluationstatutorycompliance

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