Head- Valuation

Mumbai City Permanent
  • Heading one of the key area in Valuation
  • Reporting directly to the CXO/Appointed Actuary

About Our Client

Client is a LI firm which is a part of group company which has stakes in various other banking and financial domains.

Job Description

  • To have active involvement in preparing various reports to be submitted to the regulator viz. Actuarial Report & Abstract (ARA), Appointed Actuary's 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, reinsurance 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.

The Successful Applicant

Job Requirements

Qualifications

Fellow actuary or close to Fellowship with at least 11 actuarial papers under new diet

Experience

At least 8 to 10 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 calculations
  • Modelling Tools
  • Regulatory knowledge- Good knowledge of IRDA reporting and reserving regulations

Behavioral Competencies

  • Business Acumen
  • Growth through differentiation definition
  • Customer centricity
  • Building Talent and Teams Definition

Key Performance Indicators

  • Regulatory compliance = 100%
  • Accuracy = 100% (0 errors)

What's on Offer

An opportunity to work in a fast paced environment while handling a diverse team

Quote job ref
4158403

Job summary

Function
Sub Sector
Industry
Location
Job Type
Job Reference
4158403