Valuation Life Actuarial

1 week ago


Mumbai, Maharashtra, India Michael Page Full time
Leading Reinsurance Brand Opportunity to work closely with the Global team

About Our Client

Leading Reinsurance Brand Work closely with the Global Team

Job Description

Performing experience studies, embedded value reporting, business planning Perform monthly valuation work for LDTI, Indian Statutory requirements or any other potential reporting, prepare necessary summary reports of the monthly valuation results and explain movements in reserves Calculating liabilities and solvency across different regimes with appropriate documentation Liase within cross-functional team and regional teams for valuation and different projects Preparing a robust framework to be able to accurately complete various regulatory forms and reports in compliance with the local statutory requirements Coordinating with the local regulator's inspection team and providing them necessary records for inspection Drafting responses to regulatory queries received Modeling of key business on Prophet platform for the purpose of US GAAP, Local regulatory reporting, Solvency Il and Embedded Value work Testing existing models and validating/updating assumptions on a regular basis Review experience studies and analysis on current inforce business and propose updates to the valuation basis as appropriate Guiding associates for them to be able to collect necessary inputs from the pricing and the admin teams for the purpose of building new models and updating existing ones Preparing necessary documentation for the new models built and quantifying the impacts on reserves Running the developed models for the periodic reporting requirements Collaborate with pricing team and be updated on the trends in business and experience which would feed into valuation work and vice versa Closely monitoring the evolving solvency requirements and providing necessary inputs to the finance team on Capital requirements Maintains, documents, and supports results, approaches

The Successful Applicant

Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics or related field Having cleared 9-10 actuarial papers with at least 5-7 years relevant working experience in life insurance/reinsurance Hands on experience with statutory reporting Computer literacy, including actuarial software (preferably Prophet) and a strong understanding of Excel, SQL and VBA Strong analytical, data management skills, work attitudes to details and ability to manage multiple projects simultaneously Highly motivated, conceptual thinker who is able to collaborate in a team environment or work independently and take a leadership role in a wide variety of assignments Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received by all stakeholders, including customers and associates Highly advanced interpersonal skills, demonstrating the ability to work effectively with different disciplines, including pricing, finance, systems, and administration Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines

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