Posted By
Posted in
Banking & Finance
Job Code
1426337
Key Tasks/Responsibilities: Performing tasks related to reporting of Embedded Value (EV) and Value of new business (VNB) under IEV basis.
Embedded Value :
- Quarterly reporting of EV and Analysis of Movement (AOM) of the Company on Indian Embedded Value (IEV) basis to the Company's Board/internal stakeholders.
- Group reporting of EV and AOM on quarterly basis.
- Analysis of operating variances of the Company and provide insightful feedback to the business teams to improve EV Operating Profit of the Company.
- Perform sensitivities on EV on yearly basis for Group and Company's Board.
- Continuance enhancement of the AOM process to bring further efficiency.
Value of New Business:
- Monthly reporting of VNB of the Company on IEV basis to the Company internal stakeholders/Board.
- Group reporting of VNB on quarterly basis.
- Perform sensitivities on VNB on yearly basis for Group and Company's Board.
- In-depth analytics of VNB on various cuts to provide insights about the Margins and identify ways to improve them.
- Continuance enhancement of the VNB process to bring further efficiency.
User Development Testing:
- Provide feedbacks for model enhancements and corrections to modelling team.
- Test the feedbacks raised to modelling team on quarterly basis.
- Test new products modelled in the Prophet and ensure that the product is fit for reporting on IEV basis.
- Review regression testing performed on the model.
Experience & Education:
- Partly Qualified Actuary with 2-3 years of experience in life insurance actuarial domain.
- Good understanding of cash flows of Life Insurance products. Prior experience in Shareholder Reporting team will be an added advantage.
- Ability to work independently.
- Knowledge of Prophet and DCS is essential. Knowledge of VBA will be an added advantage.
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Posted By
Posted in
Banking & Finance
Job Code
1426337