Manager/Senior Manager - Actuarial - Life Insurance

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.