Care Health Insurance

About the Job:Designation: Corporate Manager - Actuarial ReservingCompany Description:Care Health Insurance is a specialized health insurer offering a range of products in the retail and corporate segments, including Health Insurance, Personal Accident, Maternity, Travel Insurance, and Critical Illness coverage.The company focuses on customer-centricity and leverages technology to provide innovative and value-for-money services. Care Health Insurance has been recognized with several prestigious awards for its products and customer service.About the Role:- The role requires a good understanding of the actuarial reserving methodologies for different lines of business. - The role will assist in carrying out portfolio analysis and preparing presentations for senior management.- It requires the ability to take up new projects and create processes from scratch independently.- The role will involve other analytical work like actual vs expected analysis, preparation of audit trail, and assisting the Head of Reserving on various regulatory submissions.- The role requires the ability to work with large data sets, follow technical instructions, and work independently on various processes related to reserving including data preparation and reconciliation. - Should have a good understanding of data and systems.- The candidate must be able to work under pressure and coordinate with other business units like Claims, Finance, IT, etc.Key Responsibilities:- Work closely with Senior Actuarial professionals to aid in Reserving, Regulatory Reporting, and Capital Modelling.- Build and lead a team of motivated actuarial personnel with varied skill sets to handle a variety of reserving models and capital modelling projects.- Undertake Reserving valuation analysis across all lines of business and evaluate any areas of uncertainty to estimate their potential impact on reserves.- Ensure error-free and compliant regulatory reports as per internal business processes with clear documentation and explanation, ensuring reports comply with regulatory norms, adhere to timelines, and correctly reflect the Company's financial position.- Keep internal reserving practices abreast with market good practices and actuarial professional standards.- Be custodian of reserving and reporting processes and oversee that the process is well laid out and followed.- Reserving and reporting processes include (but are not limited to) ensuring high-quality data, model building, review of assumptions and key performance indicators, model validation, updating of models, and estimation of final reserves after due considerations.- Address regulatory concerns and ensure compliance and smooth processing of year-end valuations.- Build working relationships with the Background:- Graduation or Post-Graduation in areas of Finance will be well-suited.- The below-mentioned professional qualification will be the primary criterion for Qualification:- 8+ Around 5-10 years of work experience in actuarial areas of General Insurance or Health Insurance.Location: GurgaonRequired Skills:- Working knowledge of data handling software like SAS, ResQ, and other reserving software.- Past experience in estimating reserves and building stochastic models, regulatory reporting, and analysis of change.- Excellent communication skills.- Ability to succinctly articulate actuarial concepts to non-actuarial stakeholders.- Experience in dealing with Finance teams.Preferred Skills: Knowledge of the Indian General Insurance / Health Insurance market would be an advantage. (ref:iimjobs.com)