Lead - Actuary - Insurance
- Shriyansh Job
- 6 to 8 Yrs
- Mumbai
- 11 months ago
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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 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 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 2020
Internal 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 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
Specific Authorities :
(Financial & Non Financial)
Authorized to manage leaves of team members
Key Performance Indicators :
- Regulatory compliance = 100%
- Accuracy = 100% (0 errors)
Key Interactions :
- Internal Nature or purpose of interaction
Finance team :
- Reserves and reinsurance booking in the Financials
Investment team :
Investment return and ALM.
Actuarial :
Pricing :
- Pricing related information
- BSG, MIS , IT,
- Operation Team
- Data, policy & claim related information
Corporate planning team :
- MIS
- External Nature or purpose of interaction
Peers in other organizations :
- For regulatory queries or feedback on different regulations
Peer Reviewer :
- For the statutory peer reviewer process
- With Profits Committee
- To complete with profit reports
Auditors :
- For audit and regulatory queries and requirements
Employement Category:
Employement Type: Full timeIndustry: Recruitment Services
Role Category: General / Other Software
Functional Area: Not Applicable
Role/Responsibilies: Lead - Actuary - Insurance
Contact Details:
Company: Serving SkillLocation(s): Mumbai
Keyskills: statutory reporting finance capital business planning solvency actuarial reporting valuation statutory compliance regulatory
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Shriyansh Job
\r\nICICI Bank Limited is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra with its registered office in Vadodara, Gujarat. As of 2018, ICICI Bank is the second largest bank in India in terms of assets and market capitalisation
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