AVP - Actuary Valuation (Life Insurance)
Position - AVP (Actuary Valuation)
Location - Mumbai
Experience - 7+ Years
Domain - Life Insurance
Actuary Valuation Role, we need someone who have around 7+ years' experience and can independently check numbers and guide Jr members in the team.
He/she should have:
- Good understanding of Life Insurance business
- Prophet actuarial software efficiency
- Life experience under belt and
- Close to qualification (around 10 papers under old syllabus)
Responsibilities:
- Perform monthly valuations per Indian statutory requirements, prepare summary reports, and explain reserve movements.
- Perform monthly valuations per Indian statutory requirements, prepare summary reports, and explain reserve movements.
- Prepare quarterly and annual IRDAI submissions (ARA, AAAR, Actuarial Forms, public disclosures).
- Manage asset share roll-forwards for Par business profitability and reserves.
- Address queries from Peer Reviewer, Statutory Auditor, and IRDAI on reserves and solvency
- Annually review and update best estimate valuation assumptions based on experience analysis.
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