Deputy Manager - Actuarial Services - Life Insurance

Deputy Manager Actuarial Services (Life Insurance)

Key Responsibilities :

Derivative - writes and hedges significant amount of interest sensitive product and hence requires resource that can implement/execute the following :

1. Calculation of Notionals for Hedging

2. Preparing required audit trail and documentation surrounding the notional calculations

3. Preparing internal derivative dashboard

4. Support in mechanism to monitor unwind risk

5. Requirement to modify and enhance system to calculate notionals

ALM - As part of ALM policy, it is required to monitor and control various financial and demographic risk which is reported internally and to the regulator and hence requires resource that can implement/execute the following :

1. Monitor Cash flow position and identify opportunities that optimizes risk and return.

2. Set up and implement required risk monitoring tools

3. Manage and conclude on various task and issues that may arise in various ALM forum

4. Calculate Economic Capital and suggest mitigation methods to reduce various risk capital required.

5. Timely and accurate submission of regulatory reports

Measure of Success :

1. Meeting the TAT defined

2. Accuracy of numbers

3. Insights provided

4. Customer value enhancement

Skills :

1. Preferred knowledge of DCS and Prophet software

2. Good knowledge of Life Insurance Business

3. Strong analytical, Communication and Documentation skills.

Primary Interactions :

1) External : Finance, Investment Team, Risk Team, IT

2) Internal : Pricing, business planning, valuation and experience teams

Essential qualifications & experience :

Qualification, must have :

- More than 5 actuarial exams cleared from IAI or IFoA

Experience : 3 to 5 years of actuarial experience