Actuarial Manager - Valuation

Key Responsibility:

• 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 business skills to contribute to business results.

Job Specifications:

• Bachelor's/Master's degree with minimum 5 actuarial exams.

• At least 4 - 6 years of working experience preferably in the valuation function of a life insurance company.

• Sound knowledge of advanced MS Excel, VBA and R programming.

• Knowledge of Actuarial software like Prophet.