Analyst III

3 weeks ago

Mumbai, India Edelweiss Tokio Life Full time

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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