Avp - Actuary

4 weeks ago

Mumbai, India UpMan Placements Full time

Job Location- Mumbai- Experience (in Years)- 4 - 7- Job Type- Full Time**Job Description**:

- JOB DESCRIPTION (JD)- Job Title- JD No.- Designation- AVP - Actuarial- Reporting Relationship- Grade- Function / Department- Actuarial- Direct Reports- 6- Branch / Location- HO- Purpose of Role- 1. Managing prophet modelling team
- 2. Managing Business Planning team
- 3. Evaluation of Business Deals
- 4. Managing entire reinsurance delivery- Description of Role- Reinsurance:

- 1. Computation of reinsurance monthly premium
- 2. Preparing of quarterly and annual forms for IRDAI
- 3. Managing receipts and payments with reinsurers
- 4. Providing timely information to management
- 5. Managing audit of numbers- Business Planning & Business Deals:

- 1. Business Plan projections and related metrics
- 2. Performing stress/sensitivity testing on business plan projections
- 3. Projecting cash flows and assessing financial viability of partnership distribution deals
- 4. Ongoing review of deals
- 5. Any other Analytical activities required to be carried out as and when required.- Prophet Modelling:

- 1. Modelling new products in Excel and prophet for reserving and Embedded Value calculations
- 2. Oversee maintenance of a timely, accurate, well-documented, and comprehensive modelling process, including UAT
- 3. Liasoning with Pricing, Valuation and Embedded Value teams for making required changes to prophet workspace- Competencies- 1. Technical Actuarial Knowhow
- 2. Proficiency in understanding actuarial cash flows
- 3. Critical eye for Detail
- 4. Working knowledge of MS - Excel, VBA, Prophet,DCS,SQL and R programming
- 5. Adept in multi-tasking and handing multiple processes- Education & Experience- 1. Should have cleared 12+ actuarial exams, with consistent exam pass history
- 2. 4 to 7 years of life insurance experienceAbout Company

Upman Placements is a firm of Researcher & Recruitment Specialists. The company started life in 2002 in India as a recruitment specialist firm. The company has built a stellar reputation for high ethical standards, a specialized focus and unparalleled service. Emerged As one of the only truly global specialized staffing firms focusing exclusively in professional positions for our clients spread across more than 20 countries with a sizable presence across industry levels. With footprints in competitive markets of India, Europe, United Kingdom, Middle East, Singapore, Malaysia, Philippines, Indonesia, Brunei and East & Central African countries.

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