Job Details

• Preparing a robust framework to be able to accurately complete various regulatory forms and reports in compliance with the local statutory requirements
• Coordinating with the local regulator’s inspection team and providing them necessary records for inspection
• Drafting responses to regulatory queries received
• Modelling of key business on Prophet platform for the purpose of US GAAP, Local regulatory reporting, Solvency II and Embedded Value work
• Testing existing models and validating/updating assumptions on a regular basis.
• Review experience studies and analysis on current inforce business, and propose updates to the valuation basis as appropriate.
• Guiding junior associates for them to be able to collect necessary inputs from the pricing and the admin teams for the purpose of building new models and updating existing ones
• Preparing necessary documentation for the new models built and quantifying the impacts on reserves
• Running the developed models for the periodic reporting requirements
• Collaborate with pricing team to be updated on the trends in business and experience which would feed into valuation work and vice versa
• Closely monitoring the evolving solvency requirements and providing necessary inputs to the finance team on Capital requirements
• Maintains, documents, and supports results, approaches, and controls used to produce and monitor results.
• Develop projections for financial planning and analysis and communicate the appropriate financial analytics, including a discussion of major drivers of variance.
• Maintain compliance controls and audit checks on the valuation data and bases.
• Support local business understanding through financial and actuarial analysis.

 Requirements

• Bachelor’s degree in Math, Finance, Actuarial Sciences, Statistics or related field
• Close to qualified actuary with at least 5-7 years relevant working experience in life insurance/reinsurance
• Hands on experience with US GAAP and Indian statutory reporting
• Computer literacy, including actuarial software (preferably Prophet) and a strong understanding of Excel and VBA
• Strong analytical, data management skills, work attitudes to details and ability to manage multiple projects simultaneously
• Highly motivated, conceptual thinker who is able to collaborate in a team environment or work independently and take a leadership role in a wide variety of assignments
• Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates
• Highly advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, finance, systems, and administration
• Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines

Position Overview

• Close to qualified actuary to perform the following key tasks
• Indian statutory reporting and preparing responses to regulatory queries
• Modelling new business that includes mortality as well as single pay out and multiple pay out morbidity products on Prophet platform
• While the focus is on local regulatory reporting and modelling, the role also includes actuarial oversight in areas of practice like experience studies, embedded value reporting, business planning and risk management (ORSA for the India business).
• Communication with executives and maintaining excellent relationships with the Finance and Administration teams are key components of the role.

Reference ID - JC//27032019//82715