
DVP & Chief Actuarial Manager
2 weeks ago
Primary Responsibilities:
- Motor TP modelling and reserving: create robust predictive models using Motor TP data to guide sourcing strategy and provide reserving insights at a segmented level.
- Pricing and product development: collaborate with product management team to price new products/add-ons that achieve the Company s economic goals.
- Risk Based Capital: assess the Company s solvency position using the prescribed capital framework and be able to communicate key insights to management.
- Regulatory Reporting: assist with the compilation of regulatory reports like the FCR, IBNR Report, ALM, ECR etc.
- Monitor portfolio performance: evaluate various diagnostic tools to assess how written business is performing relative to models.
- Partnerwith Underwriting, Sales, Finance and Claims functions.
Working Relationships:
Internal:
- Underwriting
- Distribution
- Finance & Investments
- Compliance
- Operations, Claims, IT
External:
- IRDAI& GI Council
Competencies:
- Strong knowledge of general insurance, products and pricing including relevant policy, regulatory and compliance frameworks.
- Experience with predictive modelling and portfolio management.
- Excellent interpersonal skills, the ability to build relationships and influence management
Key Requirement:
- 5+ years of general insurance experience in actuarial department and 2+ years as an Actuarial Manager.
- Expertise in Excel, SAS/SQL required.
- Expertise in predictive modelling preferably Emblem.
Qualifications
Graduate / Postgraduate.
The candidate should be qualified fellow of the Institute of Actuaries of India.
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