Senior Manager - Actuarial - Stakeholder Reporting - Life Insurance

Senior Manager - Stakeholder Reporting - Actuarial

Job Summary: In this role, you will be mainly responsible for the following areas of work:

1. Calculating the Embedded Value of the Company on market consistent basis on quarterly basis;

2. New Business Margin Reporting on monthly basis.

Key Responsibilities:

MCEV reporting :

- Calculating the embedded value on quarterly basis along with analysis of key movements;

- Calculation of different components under EV including CRNHR and TVFOG.

- Ensuring robustness and accuracy of prophet models being used in EV calculation;

- Ensuring completeness and accuracy of documentation of key tasks in calculation of EV;

- Preparation of reports and investor release presentation.

Others :

- Assisting the PROPHET modeling requirements of the Corporate Actuarial team;

- Performing UAT of actuarial models used for calculation of EV and business plan results.

New Business Margin (NBM) Reporting:

- Rationalizing monthly and quarterly NBMs along with due explanation of movements from last quarter/month.

- Apt rationale of deviation of NBMs from Plan and effectively communicating the same to the respective stakeholder's.

Measures of Success:

- Timely delivery of the results to enable financial reports to be prepared as per business requirements;

- Reporting of work with minimal errors through thorough checking of the results;

- Feedback from seniors;

- Feedback from team members.

Desired experience:

Qualification :

- Member of the Institute of Actuaries of India OR Institute and Faculty of Actuaries, UK

- The candidate should have at least 8-10 actuarial exams cleared (with ST2/SP2 exam passed as preferred).

Experience :

- Experience of 4-6 years in a life insurance company/consultancy.

Knowledge and skills required:

- Strong hold on actuarial fundamentals;

- Ability to perform a result oriented analysis combined with sharp articulation of key messages for the reviewer and senior management;

- Good communication skills;

- Strong prophet modelling skills;

- Proficient with using MS excel (including coding in VBA);

- Good with use of DCS tool.