Analyst III
4 weeks ago
Group Company: Edelweiss Tokio Life Insurance Company Limited
Designation: Analyst III - Shareholder Reporting
Office Location:
Position description:
JOB DESCRIPTION
Basic Information
Position Title
Analyst III – Shareholder Reporting
Internal Designation
Chief Manager
Job Role
Analyst III – Shareholder Reporting
Reporting to
Head – Shareholder reporting, WPC & IFRS
Sub LOB / Department
Actuarial
Location
Mumbai
Total Headcount (Direct) Supervised
2
Total Headcount (Direct / Indirect) Supervised
2
Job Purpose
To manage timely reporting of shareholder profitability metrics and experience studies while ensuring accuracy.
Key Responsibilities
Responsibilities
• To report the embedded value (EV) and value of new business (VNB) and do a detailed analysis of their movement
•To analyze deviations between the actual numbers and planned business numbers
• To report experience analysis of persistency, mortality, expense, revival etc.
• To set assumptions using experience analysis for various purposes
•To report risk based capital calculation to the JV partner
•To report the reserves based on Ind-AS reporting
• To perform sensitivity and scenario testing on EV and VNB.
• To create IRDAI reports and prepare response to the queries related to above work
Specific Authorities( Financial & Non Financial)
Not Applicable
Key Performance Indicators
TAT Compliance = %
% Accuracy (0 errors)
Job Requirements
Qualifications
Graduate who has completed more than 8 papers
Experience
At least 5 years’ experience in Life Insurance industry preferably in Shareholder Reporting
Functional Competencies
·Risk Assessment
·Actuarial Technical Expertise
·Modelling Tools
·Regulatory Knowledge
Behavioral Competencies
·Business Acumen
·Growth through Differentiation Definition
·Collaboration
·Customer centricity
Key Interactions
Internal
Nature or purpose of interaction
Corporate planning
Reporting of EV/VNB/experience analysis for MIS
Finance team
Entries in Financials, Ind-AS reporting, Reconciliation of numbers
Tokio marine (JV)
Submission of EV/VNB reporting, RBC and response to any query raised
Investment team
Inputs for EV/RBC, Reconciliation of numbers
CEO’s Office
Board requirements
Actuarial – valuation
Data and DCS related
Actuarial – Pricing
Products and pricing model related queries/discussion
External
Nature or purpose of interaction
Peers in other organizations
Discussion on industry practice
Documented By
Lead - SH Reporting
Approved By
Head - Advisory, Risk Assessment & Reporting
HR certification By
HR - BP
Primary Responsibilities:
To report the embedded value (EV) and value of new business (VNB) and do a detailed analysis of their movement-
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