Actuarial Analyst

3 weeks ago


Mumbai, Maharashtra, India iimjobs Full time
Actuarial Analyst III - IFRS Reporting - Insurance

The role would be directly responsible for IFRS17 implementation for the company.

Key Responsibilities

  • Responsible for IFRS17 implementation for the company.
  • Responsible for developing specifications for actuarial calculations required by IFRS 17 standards
  • Developing detailed understanding of IFRS 17 and clarifying various queries pertaining to understanding by different teams
  • Interact with a wide range of stakeholders across the whole Company and externally on IFRS17 implementation
  • Responsible for assessing the data and assumption readiness for transition to IFRS17
  • Coordinate with IT or other parties to ensure the data and systems after development fulfil the IFRS requirements.
  • Preparation of other management information as required
  • Manage team of 12 members

Specific Authorities :
(Financial & Non Financial)

Not Applicable

Key Performance Indicators:

  • Meet the regulatory and internal management timelines for the IFRS implementation and regular reporting
  • Resolve queries raised by management on the financial reporting and projections
  • Effective team management

Job Requirements :
Qualifications - Graduate/PG degree

  • Minimum 12 actuarial papers
  • Experience Minimum 68 years of experience of working with Actuarial function in Life
HR/ JD/ Ver1.0/1 st Feb 2020

Internal Insurance

Base skills

  • Team management experience
  • Experience in actuarial valuation is preferable
  • Proficient in Prophet software & DCS
  • MS Excel, VBA, R, SQL
Functional Competencies - Quick learner

  • Analytical skills
Behavioral Competencies

  • Collaboration
  • Growth through differentiation
  • Execution Excellence
Key Interactions

Internal Nature or purpose of interaction

Finance/ IT/ Ops

  • Interaction required to build the understanding of the current financial reporting processes and changes required for IFRS implementation
  • Coordinate with IT or other parties to ensure the data and systems after development fulfil the IFRS requirements.
  • External Nature or purpose of interaction
  • Industry Regular interaction with Industry people to understand the industry practices and any development in the IFRS requirements

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