AVP - Actuary Valuation - Life Insurance

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.