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Shareholder Reporting Actuarial(Life)

Mumbai Permanent View Job Description
Lead a team in the Shareholder reporting actuarial vertical
  • Growth Opportunies
  • Team Management

About Our Client

Growing Life Insurance Brand

Job Description

  • Business Planning on IGAAP basis
  • Coordinating with stakeholders to understand business plan requirements
  • Manage business plan portfolio including
  • Managing timelines
  • Review of cash-flows, projected VNB/EV, expense overruns, sources of earnings etc.
  • Analyze the numbers, movement w.r.t. previous business plan
  • Carry out analysis of movements with the help of junior members including
  • Business Planning on IFRS 17 basis
  • Liaise with Finance team/knowledge partner to understand IFRS related requirements, produce and analyze IFRS cash flows including
  • Analysis of profitable and loss-making contracts
  • CSM movements
  • Create CSM - VNB walk and SH Equity - MCEV walk to explain the movement in numbers on different basis
  • Set up templates required to project IFRS earnings and balance sheet over the plan period
  • Solvency II Reporting
  • Quarterly reporting of Solvency II ratio and Free Capital Generation to the Group
  • Discuss results during quarterly Solvency II validation calls with the Group
  • Carry out annual sensitivity tests required for Group reporting
  • Coordinate with the counterparts in the Regional Office and Group to monitor and implement developments related to Solvency II
  • Review processes and methodologies in Solvency II reporting on an ongoing basis and carry out improvements wherever required
  • Review policies and procedures related to Solvency II and ensure their alignment with the Group, as and when required

The Successful Applicant

  • 8+ years of actuarial work experience in life insurance
  • Preferably a fellow of IAI/IFoA
  • Prior exposure to Solvency II or IFRS 17 is preferred
  • Should be capable of managing a team
  • Good understanding of insurance product features and regulations
  • Excellent analytical and communication skills
  • Committed to meeting timelines

What's on Offer

Lead a team of actuaries, be a part of a growing team

Quote job ref
JN-032026-6976751

Job summary

Function
Insurance
Sub Sector
Actuarial
What is your area of specialisation?
Insurance
Location
Mumbai
Job Type
Permanent
Job Reference
JN-032026-6976751

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.