Manager - Actuarial – Statutory Valuation

4 weeks ago

Gurgaon, Haryana, India Pramerica Life Insurance Company Full time
Job Description

Position Summary:

Required candidates with around 4-6 years of working experience preferably in the valuation function of a life insurance company, having cleared at least 5 actuarial exams. The candidate is expected to perform monthly valuation work to comply with Indian GAAP and IRDAI regulatory requirements. Alongside, the candidate is also expected to support the implementation of IFRS17.

Key Responsibilities:

- Perform monthly valuation work per Indian Statutory requirements, prepare necessary summary reports of the monthly valuation results and explain movements in reserves.
- Perform monthly and quarterly solvency margin calculations in accordance with IRDAI requirements.
- Identify Individual and group life policy data issues and work with IT/Admin team to fix them.
- Maintenance of DCS tool and valuation data along with necessary compliance controls and audit checks.
- Preparing various quarterly and annual IRDAI submission pertaining to ARA, AAAR, Actuarial Forms BAP submission, public disclosures etc.
- Performing asset share roll-forward to manage profitability and reserves of Par business.
- Performing declared bonus calculations and assist in handling requirements of the WPC committee of the Company.
- Assist in handling queries from Peer Reviewer, Statutory Auditor & IRDAI on sufficiency of reserves and solvency positions.
- Perform an annual review of the best estimate valuation assumptions and update the assumptions documentation basis the experience analysis results and other analysis performed.
- Review the assumptions used in the model with those documented for valuation basis and reconcile the cash flows generated from the models by replicating them in spreadsheets.
- Standardize and document all the analysis process.
- Work on implementation of IFRS 17.

Job Specifications:

- A bachelor's degree with minimum 5 actuarial exams
- At least 4-6 years of working experience preferably in the valuation function of a life insurance company
- Sound knowledge of advanced MS Excel, VBA and R programming
- Knowledge of Actuarial software like Prophet, DCS etc.
- Prior knowledge of IFRS17 will be preferred.
- Conceptual thinker with strong analytical, data management skills, work attitudes to details and ability to manage multiple projects simultaneously Good communication and business skills to contribute to business results

  • Actuarial - Senior Manager / Manager - Actuarial ( Valuation )

    2 weeks ago

    Gurgaon, Haryana, India Pramerica Life Insurance Full time ₹ 15,00,000 - ₹ 20,00,000 per year

    A. Position SummaryRequired candidates with around 5-6 years of working experience preferably in the valuation function of a life insurance company, having cleared at least 5 actuarial exams. The candidate is expected to perform monthly valuation work to comply with Indian GAAP and IRDAI regulatory requirements. Alongside, the candidate is also expected to...

  • Actuarial Associate

    2 weeks ago

    Gurgaon, Haryana, India Agam Capital Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    JD - Actuarial AssociateCompany: Agam CapitalLocation: Gurgaon#Actuarial #Actuaries #ActuarialConsultingWe are looking for an Actuarial Analyst with at least 4 - 5 years experience in Life Insurance Products.Requirements:· US Life Products exposure. Traditional and/or Annuity products.· On track to becoming an Associate or Fellow, withminimum 10...

  • Manager- Actuarial

    2 weeks ago

    Gurgaon, Haryana, India Pramerica Life Insurance Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Required candidates with around 4-8 years of working experience preferably in the actuarial modelling function of a life insurance company, having cleared at least 6 actuarial exams. The candidate is expected to support implementation of IFRS17.ResponsibilitiesNew product assessment, methodology and assumption setting - (cashflow modelling (Linked/Non-linked...

  • Analyst - Actuarial

    5 days ago

    Gurgaon, Haryana, India Sun Life Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll...

  • Actuarial Consultant

    2 weeks ago

    Gurgaon, Haryana, India WTW Full time US$ 90,000 - US$ 1,20,000 per year

    DescriptionThe RoleWillis Towers Watson operates a number of outsourced actuarial function projects for a variety of Life Insurance companies in the UK.Such projects are delivered by a strong collaborative outsourcing team across WTW India and WTW UK offices. As a nearly or recently qualified actuary in the Life Actuarial Outsourcing team, you will be...

  • Actuarial Analyst Life

    2 weeks ago

    Gurgaon, Haryana, India Mercer Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    As an Actuarial Analyst, you will work alongside and learn from Oliver Wymans industry leaders and other experienced consultants while contributing to a broad range of client projects. You will gain industry exposure with Oliver Wymans clients, which include top tier insurance companies, reinsurance companies, investment banks, law firms, state regulators,...

  • Actuarial Consultant

    3 days ago

    Gurgaon, Haryana, India WTW Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    DescriptionWe are looking for an analytical individual with experience of financial modelling in actuarial software within life insurance industry, with keen interest in developing business automation solutions to join WTW as part of a team focussed on automation & transformation within life actuarial consulting practice. This is a unique and exciting...

  • Actuarial Manager

    2 weeks ago

    Gurgaon, Haryana, India Niva Bupa Health insurance Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Responsibilities-Lead end-to-end pricing activities for individual and group health insurance products, ensuring competitiveness and profitability.• Design, develop, and maintain pricing models using statistical and actuarial techniques (e.g., GLM, frequency-severity models).• Analyze claims experience, morbidity trends, and underwriting results to...

  • Senior Actuarial Consultant

    2 weeks ago

    Gurgaon, Haryana, India WTW Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    DescriptionWe are looking for an analytical individual with experience of financial modelling in actuarial software within life insurance industry, with keen interest in developing business automation solutions to join WTW as part of a team focussed on automation & transformation within life actuarial consulting practice.This is a unique and exciting...

  • Senior Actuarial Consultant

    3 days ago

    Gurgaon, Haryana, India Willis Towers Watson Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Job Description We are looking for an analytical individual with experience of financial modelling in actuarial software within life insurance industry, with keen interest in developing business automation solutions to join WTW as part of a team focussed on automation & transformation within life actuarial consulting practice. This is a unique...