Deputy manager- actuarial services
3 weeks ago
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi business corporation.
Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multichannel distribution including agency and third party distribution partners. Max Life has built its operations over almost two decades through need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital.
For more information, please visit the Company's website at know more about our Actuarial Team, visit our Linked In page at Stand For:
Caring
A compassionate leader who demonstrates appreciation for diversity in thoughts and approach towards people as well initiatives, eliminates biases to promote meritocracy. A coach who inspires people to excel and sets a culture of high performance.
Collaboration
A boundary-less leader who is capable of identifying & leveraging expertise of team members for superlative outcomes, thus, delivers to the organization’s ask. A leader who addresses challenges with a solution-oriented approach to create “win-win” partnerships within & outside teams through inspired cooperation and teamwork.
Customer Obsession
A leader who embodies Customer and keeps him at the core of all deliverables. Proactively anticipate customer needs and implement strategies to provide best in class customer experience.
Growth Mindset
An ambitious leader who can sponsor game changing ideas and rally the team to turn them into a reality. A leader who challenges the status quo, takes bold & creative actions to manage complex issues & achieve high impact goals by pushing self and others and raise the bar on performance.
People Leadership
A people’s leader who inspires their teams to stretch themselves and achieve their true potential. A leader who create leaders by coaching, empowering & motivating them to deliver superior business outcomes.
"Max Life Insurance is an Equal Opportunity Employer and promotes inclusion and diversity."
Key Responsibilities:
Derivative – Max Life writes and hedges significant amount of interest sensitive product and hence requires resource that can implement/execute the following:
Calculation of Notionals for Hedging
Preparing required audit trail and documentation surrounding the notional calculations
Preparing internal derivative dashboard
Support in mechanism to monitor unwind risk
Requirement to modify and enhance system to calculate Notionals
ALM – As part of ALM policy, it is required to monitor and control various financial and demographic risk which is reported internally and to the regulator and hence requires resource that can implement/execute the following:
Monitor Cash flow position and identify opportunities that optimizes risk and return.
Set up and implement required risk monitoring tools
Manage and conclude on various task and issues that may arise in various ALM forum
Timely and accurate submission of regulatory reports
Skills:
Preferred knowledge of DCS and Prophet software
Good knowledge of Life Insurance Business
Strong analytical, Communication and Documentation skills.
Experience & Qualification: 3-5 years of Acturial experience and more than 5 actuarial exams cleared from IAI or IFo A
Measure of Success:
Meeting the TAT defined
Accuracy of numbers
Insights provided
Customer value enhancement
In-depth knowledge of FRA mechanism including accounting implications
Skills:
Preferred knowledge of DCS and Prophet software
Good knowledge of Life Insurance Business
Strong analytical, Communication and Documentation skills.
Technical actuarial knowledge
Excel, word, DCS and prophet knowledge
The candidate should actively participate in the assigned work
The candidate should be able to add value to the project and help arrive at useful and meaningful results
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Gurgaon, India Max Life Insurance Company Limited Full timeAbout Max Life Insurance:Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi business corporation.Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multichannel distribution...
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Gurgaon, India Max Life Insurance Company Limited Full timeAbout Max Life Insurance: Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi business corporation. Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multichannel...
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