Manager/Senior Manager - Business Planning - Actuarial - Life Insurance

Our client is a leading life insurance client based at Mumbai.

Role: Manager/Senior Manager - Business Planning - Actuarial.

Key Tasks/Responsibilities: Role will include effectively managing various requirements within Business Planning Team.

Business Planning:

- Projecting cashflows yearly for Board plan along with various matrix for profit.

- Business Planning based on IFRS17 valuation.

- Track actual vs expected on monthly basis, along with in depth analysis of variance at LOB/product level.

- Coordinating with EV, Valuation, Pricing, ERM & Finance Team on the inputs and results of the Business Plan.

- Create logical checks ensuring the numbers generated are credible/explaining movement/reconciling with other reporting.

Board Reporting:

- Product performance note.

- Preparation of the annual FCR report.

- Requirements on quarterly basis.

Expense Experience analysis:

- Understanding the process of expense allocation (non-commission) and accordingly monitoring expense experience on monthly basis.

- Ensure relevant checks & enhancement are built within process.

- In addition to above, Expense experience is also being calculated on USGAAP/IFRS17 basis.

Others:

- Review of Inputs for Hedge programme on monthly basis.

- Executing Strategies for efficient business mix and increasing profitability.

- Ad hoc requirements for calculation of impact on profit/solvency.

Other Responsibilities:

- Ensure model used is accurate and identify appropriate enhancements required in the model.

- Review of the files/calculations/techniques used for Board Plan activity.

- Ensure clear documentation of the process is maintained along with audit trials of various communications/sign-off.

Education/Experience:

- Partly Qualified Actuary with 2+ years of experience in Actuarial Domain.

- At least cleared 6 actuarial papers(as per old curriculum)

- Good understanding of cash flows of Life Insurance products. Experience in - Business Planning and Strategy will be added advantage.

- Role will involve data analysis using SQL so relevant experience for coding/programming would be welcomed.

- Being able to decode Prophet and DCS codes.