Actuarial Analyst
3 weeks ago
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
Internal Insurance
Base skills
- Team management experience
- Experience in actuarial valuation is preferable
- Proficient in Prophet software & DCS
- MS Excel, VBA, R, SQL
- Analytical skills
- Collaboration
- Growth through differentiation
- Execution Excellence
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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